Evolution passes one-billion yearly revenue mark

Evolution passes one-billion yearly revenue mark

Published: February 23, 2022

Everything is coming up roses for a global iGaming giant, Evolution Gaming. They published relevant reports for 2021 earlier this month, reaching a few crucial milestones. One is passing the annual revenue mark of €1 billion ($1.14 billion).

The main contribution came from the company’s Live gaming sector, which recorded a 49% growth in Q4. The iGaming behemoth has demonstrated the importance of a player-centered approach, with its operating revenues spiking by 69% in Q4 2020.

The massive demand for live casino games is a significant factor for the surge in revenue numbers.

More than three-quarters of the developer’s Q4 2021 revenues came from the Live Casino sector. The amount reached $271.4m, with the profit for the period going up 114%, reaching $196.2m.

EBITDA also went up 115%, an impressive growth altogether. It is no wonder Live Dealer games recorded the most considerable demand, for Evolution has a comprehensive library of over 1,000+ such games.

It means they have 300+ more Live games than in 2020, the most significant increase in history during a single year.

The full-year figures are even more impressive, making way for ambitious plans for 2022. The company expects significant RNG growth during the year, but not linear and smooth.

It wants to invest a lot in innovations, build new gaming studios, and expand the old ones. The anticipated EBITDA margin for 2022 should be around 70%.

The provider plans to release 88 games, tending to diverse player needs using all its brands. Their long-awaited Q1 game launches, including Peek Baccarat and Bac Bo Live, will help Evolution reach its goals.

The enterprise also signed several important deals to expand its global presence, expecting to launch the new Connecticut studio shortly.

About Evolution Gaming

Evolution is a high-profile iGaming content developer dedicated to finding the best solutions regarding both innovation and quality. The company was founded in 2006 and inspired by a popular Monte Carlo casino.

It uses the latest technology developments to provide its players with an authentic land-based casino experience. Over 7000 people dispersed worldwide are continuously devoted to delivering the best products in the industry.

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