{"id":11377,"date":"2026-10-26T07:30:02","date_gmt":"2026-10-26T07:30:02","guid":{"rendered":"https:\/\/casino-online-best.com\/index.php\/2026\/10\/26\/evolution-reports-e526-1-million-in-q3-revenue-but-profit-falls\/"},"modified":"2026-10-26T07:30:02","modified_gmt":"2026-10-26T07:30:02","slug":"evolution-reports-e526-1-million-in-q3-revenue-but-profit-falls","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2026\/10\/26\/evolution-reports-e526-1-million-in-q3-revenue-but-profit-falls\/","title":{"rendered":"Evolution Reports \u20ac526.1 Million in Q3 Revenue But Profit Falls"},"content":{"rendered":"<div>\n<p>Evolution ended four quarters of declining revenue with 3.7% growth to \u20ac526.1 million in Q3 2026. However, higher costs reduced net profit, and the company closed its Brazilian studio shortly after the quarter ended.<\/p>\n<hr>\n<p><strong>Good to Know<\/strong><\/p>\n<ul>\n<li>Net profit fell 3.6% to \u20ac243.3 million, while adjusted EBITDA rose 2.7%.<\/li>\n<li>Evolution spent \u20ac823.9 million on share buybacks during Q3.<\/li>\n<li>RNG revenue grew 10.1%, outpacing the 2.6% increase in live casino revenue.<\/li>\n<\/ul>\n<hr>\n<h2><strong>Evolution Buybacks Lift Earnings per Share<\/strong><\/h2>\n<p>Share buybacks helped Evolution increase earnings per share despite lower profit. EPS rose 4.6% to \u20ac1.31 as the average share count fell to 186 million from 201.8 million.<\/p>\n<p>By September 30, the live casino supplier had spent \u20ac1.127 billion under its \u20ac2 billion buyback programme. Cash stood at \u20ac656.4 million.<\/p>\n<p>Meanwhile, operating expenses climbed 12% to \u20ac235.9 million. Staffing for additional studio tables and expansion increased personnel costs to \u20ac124.3 million.<\/p>\n<p>Two exceptional expenses added \u20ac12.1 million: a \u20ac5.6 million UK Gambling Commission settlement and \u20ac6.5 million in termination and legal fees following the cancelled Galaxy Gaming merger agreement.<\/p>\n<p>Excluding those items, adjusted EBITDA reached \u20ac345.9 million, with a 65.8% margin against 66.4% a year earlier.<\/p>\n<p>CEO Martin Carlesund said:<\/p>\n<p><em>\u201cAll in all, I am pleased to state that this was an uneventful quarter with focus on core business and stable to good development across our markets.\u201d<\/em><\/p>\n<h2><strong>Brazil Closure Follows Latin America Growth<\/strong><\/h2>\n<p>Evolution closed its Brazilian studio on October 5 after Brazil banned fixed-odds betting and online casino games. Licensed websites went offline the following day.<\/p>\n<p>Carlesund said:<\/p>\n<p><em>\u201cThe final outcome of this regulatory decision remains unclear, and it is difficult to predict how player behaviour in Brazil will evolve.\u201d<\/em><\/p>\n<p>Brazil represented \u201cwell below half\u201d of Latin America revenue measured by player IP, according to Carlesund. That regional total reached \u20ac49 million in Q3, and he expects growth elsewhere in Latin America to offset part of the impact.<\/p>\n<p>Player IP figures showed quarterly growth across all five regions for the first time since 2024. Regulated markets contributed 49% of revenue, up from 46%.<\/p>\n<p>A separate breakdown based on customer location showed European revenue falling 6% year on year to \u20ac336.3 million. Latin America grew 39.3% to \u20ac76.6 million, while North America rose 11% to \u20ac81 million.<\/p>\n<p>Product development continued alongside those regional changes. Evolution launched Monopoly Roll\u2019em, Disco Balls and US slots brand Spinning Whale. Ice Fishing will reach North America in Q4, with Hasbro partnership title Game Night due before year end.<\/p>\n<p>The post <a href=\"https:\/\/igaming.org\/casino-news\/evolution-reports-e526-1-million-in-q3-revenue-but-profit-falls\/\">Evolution Reports \u20ac526.1 Million in Q3 Revenue But Profit Falls<\/a> appeared first on <a href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Evolution ended four quarters of declining revenue with 3.7% growth to \u20ac526.1 million in Q3 2026. However, higher costs reduced net profit, and the company closed its Brazilian studio shortly after the quarter ended. Good to Know Net profit fell 3.6% to \u20ac243.3 million, while adjusted EBITDA rose 2.7%. Evolution spent \u20ac823.9 million on share [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-11377","post","type-post","status-publish","format-standard","hentry"],"blocksy_meta":[],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 5.0.2.1 - aioseo.com -->\n\t<meta name=\"description\" content=\"Evolution ended four quarters of declining revenue with 3.7% growth to \u20ac526.1 million in Q3 2026. However, higher costs reduced net profit, and the company closed its Brazilian studio shortly after the quarter ended. Good to Know Net profit fell 3.6% to \u20ac243.3 million, while adjusted EBITDA rose 2.7%. Evolution spent \u20ac823.9 million on share\" \/>\n\t<meta name=\"robots\" content=\"max-image-preview:large\" \/>\n\t<meta name=\"author\" content=\"Casino Online Best\"\/>\n\t<link rel=\"canonical\" href=\"https:\/\/casino-online-best.com\/index.php\/2026\/10\/26\/evolution-reports-e526-1-million-in-q3-revenue-but-profit-falls\/\" \/>\n\t<meta name=\"generator\" content=\"All in One SEO (AIOSEO) 5.0.2.1\" \/>\n\t\t<meta property=\"og:locale\" content=\"en_US\" \/>\n\t\t<meta property=\"og:site_name\" content=\"Best Online Casinos - News about Online Casinos\" \/>\n\t\t<meta property=\"og:type\" content=\"article\" \/>\n\t\t<meta property=\"og:title\" content=\"Evolution Reports \u20ac526.1 Million in Q3 Revenue But Profit Falls - Best Online Casinos\" \/>\n\t\t<meta property=\"og:description\" content=\"Evolution ended four quarters of declining revenue with 3.7% growth to \u20ac526.1 million in Q3 2026. However, higher costs reduced net profit, and the company closed its Brazilian studio shortly after the quarter ended. Good to Know Net profit fell 3.6% to \u20ac243.3 million, while adjusted EBITDA rose 2.7%. Evolution spent \u20ac823.9 million on share\" \/>\n\t\t<meta property=\"og:url\" content=\"https:\/\/casino-online-best.com\/index.php\/2026\/10\/26\/evolution-reports-e526-1-million-in-q3-revenue-but-profit-falls\/\" \/>\n\t\t<meta property=\"article:published_time\" content=\"2026-10-26T07:30:02+00:00\" \/>\n\t\t<meta property=\"article:modified_time\" content=\"2026-10-26T07:30:02+00:00\" \/>\n\t\t<meta name=\"twitter:card\" content=\"summary\" \/>\n\t\t<meta name=\"twitter:title\" content=\"Evolution Reports \u20ac526.1 Million in Q3 Revenue But Profit Falls - Best Online Casinos\" \/>\n\t\t<meta name=\"twitter:description\" content=\"Evolution ended four quarters of declining revenue with 3.7% growth to \u20ac526.1 million in Q3 2026. 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However, higher costs reduced net profit, and the company closed its Brazilian studio shortly after the quarter ended. Good to Know Net profit fell 3.6% to \u20ac243.3 million, while adjusted EBITDA rose 2.7%. 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However, higher costs reduced net profit, and the company closed its Brazilian studio shortly after the quarter ended. Good to Know Net profit fell 3.6% to \u20ac243.3 million, while adjusted EBITDA rose 2.7%. Evolution spent \u20ac823.9 million on share","og:url":"https:\/\/casino-online-best.com\/index.php\/2026\/10\/26\/evolution-reports-e526-1-million-in-q3-revenue-but-profit-falls\/","article:published_time":"2026-10-26T07:30:02+00:00","article:modified_time":"2026-10-26T07:30:02+00:00","twitter:card":"summary","twitter:title":"Evolution Reports \u20ac526.1 Million in Q3 Revenue But Profit Falls - Best Online Casinos","twitter:description":"Evolution ended four quarters of declining revenue with 3.7% growth to \u20ac526.1 million in Q3 2026. However, higher costs reduced net profit, and the company closed its Brazilian studio shortly after the quarter ended. Good to Know Net profit fell 3.6% to \u20ac243.3 million, while adjusted EBITDA rose 2.7%. Evolution spent \u20ac823.9 million on share"},"aioseo_meta_data":[],"aioseo_breadcrumb":"<div class=\"aioseo-breadcrumbs\"><span class=\"aioseo-breadcrumb\">\n\t\t\t<a href=\"https:\/\/casino-online-best.com\/\" title=\"Home\">Home<\/a>\n\t\t<\/span><span class=\"aioseo-breadcrumb-separator\">\u00bb<\/span><span class=\"aioseo-breadcrumb\">\n\t\t\tEvolution Reports \u20ac526.1 Million in Q3 Revenue But Profit Falls\n\t\t<\/span><\/div>","aioseo_breadcrumb_json":[{"label":"Home","link":"https:\/\/casino-online-best.com\/"},{"label":"Evolution Reports \u20ac526.1 Million in Q3 Revenue But Profit Falls","link":"https:\/\/casino-online-best.com\/index.php\/2026\/10\/26\/evolution-reports-e526-1-million-in-q3-revenue-but-profit-falls\/"}],"_links":{"self":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/11377","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/comments?post=11377"}],"version-history":[{"count":0,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/11377\/revisions"}],"wp:attachment":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/media?parent=11377"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/categories?post=11377"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/tags?post=11377"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}