Evolution posts $569m in revenue during Q3
The supplier celebrated opening its Colombian studio and Crazy Time launch in Michigan.
Key Points
- Evolution reported year-over-year growth in revenue and EBITDA results
- Five US states now offer its Crazy Time live game
Evolution has published its third-quarter financial and business results. The supplier recently launched new studios in both Colombia and in the Czech Republic.
Revenue during the third quarter reached $569m. Q3 revenue grew by nearly 15% when compared to results posted during last year’s third quarter.
Evolution’s EBITDA reached nearly $450m during the quarter, up by more than 30% year-over-year.
The company also posted a 71.7% EBITDA margin during Q3, which grew by a percentage point year-over-year.
Company CEO Martin Carlesund said, “During the third quarter our operational development has continued at a high pace with very successful launches of new products and the opening of two new live casino studios.
“We are step-by-step continuing to build Evolution to capitalize on the great opportunity that online casino constitutes in the years to come.”
Good to know: Crazy Time is currently available in five US states
The company recently released its Crazy Time live game to players in Michigan. Crazy Time is designed to engage players who want to watch as well as play and has been known throughout the global market as a key title.
Evolution North America CEO Jacob Claesson commented, “Since its initial launch in 2020, Crazy Time has captivated millions globally, establishing itself as the top online live game show in the world and has quickly become one of the most popular live dealer games in the US.”
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