Published: 13.02.2020, 18:09
2 min read
The casino software provider, Evolution Gaming, experienced a significant rise in revenue of €106 million for the Q4 of 2019 which is a 51% increase when compared to last year.
Company’s Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) were €55.8 million which is an increase of around 77% compared to last year. The total profits constituted to €46.8 million making up an 84% increase when compared to the same period in 2018.
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Annual Numbers
For the entire 2019, Evolution Gaming’s revenues are €365.8 million which is also an increase of 49% compared to 2018 meaning that the company hasn’t only had one good quartile but an entire profitable year. The 2019 EBITDA was €182.9 million which is 70% higher than last year. The supplier’s profit in 2019 was €149.7 million, an increase of 79%.
Proper Strategy
The company has undergone proper investments throughout 2019, signed a lot of new clients and has managed to expand to North America. Within 2019, the casino software provider has signed several lucrative partnerships with casino operators such as Flutter Entertainment, Penn National Gaming, and Parx Casino.
Evolution Gaming CEO, Martin Carlesund, has said: “I am very satisfied to be able to present another strong quarter which summarises a successful 2019 for Evolution. The products we launched during the year – including new titles in the game show category – in combination with continued strong market development and global demand, have contributed to a very high growth rate.”
The CEO further implies that they are proud of the company’s achievements in 2019 which saw them expand to a completely new market and venture into important partnerships.
