{"id":9039,"date":"2025-05-01T06:19:29","date_gmt":"2025-05-01T06:19:29","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2025\/05\/01\/evolution-q1-revenue-reaches-e520-9m-but-profit-falls-to-e254-7m\/"},"modified":"2025-05-01T06:19:29","modified_gmt":"2025-05-01T06:19:29","slug":"evolution-q1-revenue-reaches-e520-9m-but-profit-falls-to-e254-7m","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2025\/05\/01\/evolution-q1-revenue-reaches-e520-9m-but-profit-falls-to-e254-7m\/","title":{"rendered":"Evolution Q1 Revenue Reaches \u20ac520.9m but Profit Falls to \u20ac254.7m"},"content":{"rendered":"<div>\n<p>Evolution started 2025 with modest growth in revenue, but a drop in profit reflected the company\u2019s focus on long-term investments and operational adjustments. CEO Martin Carlesund addressed the challenges head-on, pointing to decisions made during the quarter that he believes will strengthen the business over time.<\/p>\n<hr>\n<p><em><strong>Good to know<\/strong><\/em><\/p>\n<ul>\n<li><em><strong><a href=\"https:\/\/igaming.org\/casino\/evolution-casinos\/\">Evolution<\/a> opened new studios in New Jersey and Romania during Q1 2025.<\/strong><\/em><\/li>\n<li><em><strong>Live gaming made up more than 85 percent of total revenue.<\/strong><\/em><\/li>\n<li><em><strong>Profit declined despite a slight rise in overall revenue.<\/strong><\/em><\/li>\n<\/ul>\n<hr>\n<p>The company reported \u20ac520.9 million in gaming revenue for the first quarter, marking a 3.9 percent increase from the same period in 2024. However, profit for the quarter dropped to \u20ac254.7 million, down 5.4 percent year-over-year. EBITDA fell slightly to \u20ac345.8 million, a decline of 1.1 percent.<\/p>\n<p>CEO Martin Carlesund addressed the slowdown with transparency.<em> \u201cThe decelerated growth rate in the quarter is not only impacted by the development of the currency rates but also connected to conscious actions we have taken that will be beneficial for the business in the longer term,\u201d<\/em> he said.<\/p>\n<p>He acknowledged the financial dip but framed it as part of a broader strategy. <em>\u201cNeedless to say, I am not happy with the financial development in the quarter, but one must take into account that the results are impacted by necessary steps that contribute to our mission to ever increase the gap to competition\u2026 The road cannot always be straight, but what is crucial is that we learn from the challenges we face and relentlessly adapt and strive to make Evolution a little bit better every day.\u201d<\/em><\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/7-bit-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\"><br \/>\n\t\t<amp-img alt=\"7Bit Casino\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/7BitCasino.png.webp\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative py-10\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/7-bit-casino\/\" title=\"7Bit Casino\" target=\"_blank\" rel=\"nofollow\">7Bit Casino<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong>177% up to 5BTC + 77 <strong>\u00a0Free Spins<\/strong>!<\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Exclusive Welcome Bonus of 177% + 77 Free Spins\n<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/igaming.org\/site\/7-bit-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>During the quarter, Evolution opened a third live casino studio in New Jersey and launched a second facility in Romania. The company also took steps to strengthen compliance by reinforcing market controls in parts of Europe.<\/p>\n<p>Live gaming continued to be the company\u2019s biggest revenue driver, bringing in \u20ac448.7 million. That figure represented a year-over-year gain of \u20ac17.4 million, though it declined by \u20ac10.7 million compared to the previous quarter. Revenue from random number generator (RNG) games totaled \u20ac72.3 million, up \u20ac2.2 million year-over-year, but slightly down from the previous quarter.<\/p>\n<p>In terms of geography, Asia led with \u20ac201.9 million in revenue, up 2.2 percent year-over-year. Europe brought in \u20ac189.7 million, reflecting a slight 0.7 percent decline. The remaining \u20ac129.3 million came from North America, Latin America, and other regions\u2014all of which reported year-over-year growth.<\/p>\n<p>The post <a href=\"https:\/\/igaming.org\/casino-news\/evolution-q1-revenue-reaches-e520-9m-but-profit-falls-to-e254-7m\/\">Evolution Q1 Revenue Reaches \u20ac520.9m but Profit Falls to \u20ac254.7m<\/a> appeared first on <a href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Evolution started 2025 with modest growth in revenue, but a drop in profit reflected the company\u2019s focus on long-term investments and operational adjustments. CEO Martin Carlesund addressed the challenges head-on, pointing to decisions made during the quarter that he believes will strengthen the business over time. Good to know Evolution opened new studios in New [&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-9039","post","type-post","status-publish","format-standard","hentry"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/9039","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=9039"}],"version-history":[{"count":0,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/9039\/revisions"}],"wp:attachment":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/media?parent=9039"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/categories?post=9039"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/tags?post=9039"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}