Evolution posts $533.8m in Q4 2024 net revenue
The company reported significant growth during the quarter.
Key Points
- Operating revenue and net revenue results reflected year-over-year growth
- Adjusted EBITDA dipped by nearly 2% compared to last year
Evolution has released its financial and business results for the fourth quarter of 2024. The company posted $533.8m in net revenue for the quarter, up 12.5% when compared to results from last year’s fourth quarter.
Total operating revenue came to $625.3m, an increase of 31.5% year-over-year.
Evolution’s adjusted EBITDA margin reached 68.1%, down nearly two percentage points year-over-year.
The company posted a Q4 adjusted EBITDA of $363.6m during the quarter. Adjusted EBITDA rose by 7.9% when compared to results from the previous year.
Total Operating Revenue
Net Revenue
Adjusted EBITDA
Company CEO Martin Carlesund took a moment to discuss Evolution’s Q4 results.
He commented, “We saw strong momentum in the final quarter of the year in North America, Latin America and Europe.
“Development in Asia is flat versus the previous quarter as we continue to face challenges from cyber-attacks towards our video distribution in the region. I am also grateful for the hard work and the ways in which our Evolution team has taken on and resolved the many challenges during the past year.”
Carlesund also outlined the company’s trajectory for 2025.
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.”
Tags/Keywords
Players trust our reporting due to our commitment to unbiased and professional evaluations of the iGaming sector. We track hundreds of platforms and industry updates daily to ensure our news feed and leaderboards reflect the most recent market shifts. With nearly two decades of experience within iGaming, our team provides a wealth of expert knowledge. This long-standing expertise enables us to deliver thorough, reliable news and guidance to our readers.
Latest News
