Evolution Presents 2023 Annual Report to its Investors

Evolution, the world’s largest supplier of live dealer games for online casinos, has published its annual report for 2023 in which it highlights the achievements of the company over the past year.

In terms of hard numbers, Evolution announced that it has recorded earnings before interest, tax, depreciation and amortization (EBITDA) of 1.26 billion euros in 2023, a figure which represents an increase of 25.7 percent over the previous year. The annual report also compared the EBITDA registered in 2023 with the figures of the past five years and the increase is even more impressive from the 182.9 million euros recorded in 2019.

Moreover, the company’s profit amounted to 1.07 billion euros, representing a 27 percent increase year-on-year. The live casino supplier also pointed out that its earning per share figure was 5.01 euros and that the board of directors proposed a dividend of 2.65 euros per share.

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Evolution also revealed to its investors that the company managed to launch no less than 110 new titles in 2023 across the multiple brands that compose the group. The company underlined that it further expanded its live game show segment with exciting titles such as Crazy Pachinko, RedDoor Roulette, Lightning Lotto and Funky Time, a retro disco-themed game which the developer described as “the biggest and most spectacular game show” it has ever created.

In terms of new live casino studios, the company underlined that it has opened new facilities in the United States, Colombia and Argentina over the past year, along with a brand new live casino studio located in Bulgaria.

Overall, the company had over 1,600 live casino tables in operation at the end of 2023, which means that it has added over 300 new tables during the year. The company also added over 2,100 new employees to its workforce during 2023, an increase of 13 percent.

The Evolution group also contains Ezugi, another live casino brand, Big Time Gaming, Red Tiger, NetEnt, Nolimit City and Digiwheel, with Livespins to be added to the portfolio in the near future. The company’s products are available in 54 different regulated markets all around the world, from the United States and Canada to most of the European countries and a big part of Latin America as well.

Source:

“Evolution Annual Report 2023“. mb.cision.com, April 5, 2024.