Evolution posts $607.4m in Q2 overall net revenue
The company celebrated growth in both the LatAm and North American regions.
Key Points
- Overall net revenue results reflected year-over-year growth in Q2
- Adjusted EBITDA dipped by nearly 3% compared to last year
Evolution has released its financial and business results for the second quarter of 2025.
The company posted $607.4m in total net revenue for the quarter, an increase of 3.1% year-over-year.
The company posted a Q2 adjusted EBITDA of $400m. In the second quarter, Evolution’s adjusted EBITDA did not reflect much change when compared to results from the previous year.
However, the company’s adjusted EBITDA margin reached 65.9%, down nearly three percentage points year-over-year.
As part of its report, the company published highlights in both the North American and Latin American regions.
North American revenue reached more than $85m in Q2, reflecting a nearly 23% boost year-over-year.
Last quarter, Evolution achieved expansion throughout the region. The company formed a new agreement with Bally’s Corporation in Rhode Island, and it anticipates closing its acquisition deal with Galaxy in the second half of the year.
In Latin America, Evolution posted almost $43m in Q2 revenue, a year-over-year increase of 2.8%. The company recently opened its new studio in Sao Paulo, Brazil.
Company CEO Martin Carlesund took a moment to discuss the company’s trajectory for this year.
He said in closing, “Evolution is highly profitable, debt-free with strong cash flow delivering capital returns to shareholders. We are very well positioned for 2025, and I look forward to what we will do during the year to continue to maximize after-tax earnings for our shareholders.
“With great determination, with hard work and professionalism our employees have brought Evolution to an excellent position for future growth. We will relentlessly continue to strive to make Evolution a bit better every day also during 2025.”
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