Game developer Evolution has experienced strong growth over a longer period. They are known for their innovative live games within Live casino.. They have been the market leader in this area for several years now.
Evolution has now released its sub -year report for the third quarter of 2021, and the report shows an increase in operating revenues of 97% and as much as 113% in increased operating income before tax and depreciation (EBITDA).
The arrow is pointing upwards for Evolution
The company's profit for the period ended on September 30, 2021, amounted to $ 157.4 million ($ 182.5 million) from $ 79.4 million (for the third quarter 2020) and earnings per share rose to $ 0.73 (from $ 0 , 44).
The report also covered the period January-September: Operating revenues have increased by 100% to $ 768.5 million, from $ 383.5 million for the same period (January-September) 2020 and operating revenues before tax and other depreciation (EBITDA) increased by 124% to $ 527.7 million.
The highlights of the year were the high demand for live casino, which generated a growth of 53%, almost 8% RNG income growth and the opening of a new live casino studio in Michigan thanks to continued expansion in the United States.
Managing Director Martin Carlesund had the following to say about the numbers:
“The third quarter of this year has been another quarter with extremely high activity for Evolution. The expansion of our business with the current speed is quite simple - hard work - and I want to start these comments by thanking everyone in Evolution for great work during this period, without your efforts and commitment, they would not have been possible. "
The future prospects for evolution look bright
Thus, because of the good results, the outlook looks very bright for the innovative game developer. Carlesund could also admit that they plan to continue to develop their portfolio of games by adding "successful happiness wheels like Monopoly LIVE and Crazy Time“, Who continues to attract players.
Evolution has also recently launched Fan Tan (a twist of the traditional Asian pearl game) and Cash or Crash Live, a game that has strategic features and features for decision -making. Carlesund also entered the recent agreement to buy Digiwheel and plans to launch new games in 2022.
Source: Gamblinginsider.cabout