Evolution wrapped up 2024 with solid financial growth, boosting both revenue and profitability. The company continued expanding its Live Casino operations while facing external challenges. CEO Martin Carlesund highlighted strong development in key markets and ongoing investments for 2025.

  • Total revenue surged by 23.1% to EUR 2.21 billion, up from EUR 1.80 billion in 2023. Net revenues rose 14.7% to EUR 2.06 billion. Other operating revenues of EUR 151.1 million were linked to a reduced earn-out liability.
  • EBITDA increased 23.2% to EUR 1.56 billion, maintaining a 70.5% margin. Excluding non-recurring items, adjusted EBITDA reached EUR 1.41 billion, reflecting an 11.3% rise. Profit for the year climbed to EUR 1.24 billion, while earnings per share improved to EUR 5.94 from EUR 5.01.
  • In Q4 2024, total operating revenues jumped 31.5% to EUR 625.3 million. Net revenues grew 12.3% to EUR 533.8 million, with other operating revenues contributing EUR 91.4 million. The EBITDA margin stood at 72.8%, with  EBITDA at EUR 455 million.
  • Live Casino remained a growth driver, ending the year with over 1,700 tables, up from 1,600. The company added 300 new tables across its network, although expansion in Georgia was hindered by prior disruptions. North America, Latin America, and Europe showed strong momentum.
  • Asia faced challenges due to cyber-attacks on video distribution, with revenue flat compared to the previous quarter. Evolution continues efforts to address these disruptions, expecting the impact to persist into 2025.
  • Expansion plans include new studios in Brazil and the Philippines, with a total of 3-4 studios expected to launch in 2025. Capital expenditures are projected at approximately EUR 140 million, aligning with 2024 levels.
  • New game releases were well received, supporting both Live Casino and RNG growth. The company plans to maintain an aggressive pace of game launches, including titles like Marble Race, a Fishing game, and Fireball Roulette.
  • Regulatory developments remain a focus, with Evolution adapting to evolving national regulations. The company is tightening measures to ensure compliance in regulated markets, impacting its 2025 margin forecast of 66-68%.
  • Shareholder returns include a proposed dividend of EUR 2.80 per share, up from EUR 2.65. The Board also plans to repurchase up to EUR 500 million in shares during 2025.
  • CEO Martin Carlesund emphasized the company’s resilience despite challenges, stating, “We are well positioned for 2025 and committed to continuous growth.” Evolution remains debt-free, profitable, and focused on expanding its market share in the global online casino industry.