{"id":7579,"date":"2024-07-20T00:29:00","date_gmt":"2024-07-20T00:29:00","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2024\/07\/20\/evolutions-q2-2024-revenue-rises-15-3\/"},"modified":"2024-07-20T00:29:00","modified_gmt":"2024-07-20T00:29:00","slug":"evolutions-q2-2024-revenue-rises-15-3","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2024\/07\/20\/evolutions-q2-2024-revenue-rises-15-3\/","title":{"rendered":"Evolution\u2019s Q2 2024 Revenue Rises 15.3%"},"content":{"rendered":"
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Evolution<\/a> reported a 15.3% increase in operating revenue for Q2 2024, reaching \u20ac508.4 million ($553.4 million). CEO Martin Carlesund noted that the Crazy Time game had its largest-ever payout, impacting the revenue share.<\/p>\n

Carlesund explained, \u201cLarge player wins are part of the game and positive for our games\u2019 attractiveness to players, but it does affect us through lower revenue share in the period. We also see somewhat slower development in general in most regions for the second quarter. This is part of the natural variations in our industry.\u201d<\/em><\/p>\n

Despite the large payout, Evolution\u2019s EBITDA increased by 10.9% compared to Q2 2023, reaching \u20ac345.8 million. Operating profits also rose 10.5% year-over-year to \u20ac311.1 million. However, the profit margin decreased from 59.9% in Q2 2023 to 52.9% in Q2 2024. Overall profit for the period grew by 1.9% to \u20ac269.1 million.<\/p>\n

Discussing future improvements, Carlesund said, \u201cThere are of course things we can do to improve as has always been our focus when faced with these periods in the past. The underlying market drivers and demand for our market-leading products remain very strong.\u201d<\/p>\n

Revenue from Live! Casino increased by 18% year-over-year. Evolution is focused on expanding its delivery capacity and studio network. New studios in Colombia and the Czech Republic are expected to go live in 2024.<\/p>\n

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