Net revenues climbed for Evolution in the first quarter of 2025, reaching EUR 520.9 million. That’s a 3.9% rise compared to the same period last year. The company’s CEO highlighted that despite short-term disruptions, long-term strategies remain intact around Evolution Q1 2025 earnings.

• Revenue growth at constant currency was stronger at 6.1%. Evolution attributes slower growth to currency effects and strategic decisions to ring-fence regulated European markets. Actions taken in Asia to combat cyberattacks also influenced revenues negatively.

• EBITDA dropped by 1.1% to EUR 342.0 million, leading to a lower margin of 65.6% compared to 69.0% last year. Profit for the period declined to EUR 254.7 million from EUR 269.2 million.

• Evolution launched two new studios – one in New Jersey and one in Romania. A third studio project in Brazil and another in the Philippines are on track for H2 2025. The company also plans to open a second Michigan studio this autumn.

• Regulated markets now account for 45% of total revenues. Live Casino showed 4% year-on-year growth, despite headwinds from regulatory changes and cyber threats.

• The RNG segment grew 3% year-on-year, with 17 new games launched in Q1. Nolimit City’s Duck Hunters was highlighted as a standout slot release. Upcoming game Ice Fishing is expected to be a major launch this summer.

• Evolution showcased over 110 new products planned for 2025. Fireball Roulette was launched at the end of Q1, and Marble Race debuted early Q2. New games received positive attention at ICE Barcelona.

• In Latin America, the Colombian studio is seeing growing demand, supported by new regulation in Brazil. European and Asian markets remain promising despite temporary obstacles. North America continues to perform solidly.

• Evolution now employs over 22,000 people globally, with a strong focus on career growth. In Michigan, 85% of supervisory roles were filled via internal promotions.

• CEO Martin Carlesund stated, “We will always prioritise growth over margin.”