Update shared on 28 Jul 2025
Fair value Increased 2.36%Here’s a summary of the most important points from the Evolution AB Interim Report (January–June 2025), including key financials and the CEO’s comments:
📊 Key Financial Highlights
Q2 2025 (April–June)
- Net revenues: €524.3 million (+3.1% YoY)
- EBITDA: €345.3 million (margin: 65.9%)
- Profit for the period: €248.3 million (−7.7% YoY)
- Earnings per share: €1.22 (−4.5% YoY)
H1 2025 (January–June)
- Net revenues: €1,045.2 million (+3.5% YoY)
- EBITDA: €687.2 million (margin: 65.8%)
- Profit for the period: €503.0 million (−6.6% YoY)
- Earnings per share: €2.46 (−3.6% YoY)
🌍 Geographic Performance
- Asia: Revenue rebounded to €209.1M in Q2 (up from €201.9M in Q1)
- Europe: Decline to €180.2M in Q2 (from €189.7M in Q1), impacted by regulatory ring-fencing
- North America: Continued growth to €74.0M
- Latin America: Stable at €37.6M
🏗️ Strategic Developments
- New studios: Launched in the Philippines (first in Asia) and São Paulo, Brazil
- Entered Rhode Island: With online slot games
- Hasbro partnership: Exclusive global licensing for live casino and slot games, including MONOPOLY Live
🎮 Product Highlights
- Live Casino: 3.6% YoY growth; 4 new games launched in Q2
- RNG (Random Number Generator): Slight growth (+0.3%), impacted by a large payout
- Roadmap: Over 110 new releases planned for 2025
💬 CEO Martin Carlesund’s Comments – Key Takeaways
- Growth below expectations: While revenue grew modestly, the CEO expressed dissatisfaction with the pace, especially in Europe and Asia.
- Asia challenges: Cybercrime and stream hijacking remain issues, but new security measures are showing results.
- Europe: Regulatory ring-fencing led to revenue decline; however, the company supports regulation if balanced.
- North America: Strong momentum, with plans for a new studio in Michigan.
- Latin America: Optimistic about Brazil’s potential; São Paulo studio expected to boost growth.
- Innovation focus: Emphasis on new game development and partnerships (e.g., Hasbro, Bally’s).
- Outlook: Confident in stronger performance in H2 2025; EBITDA margin guidance remains at 66–68%.
Disclaimer
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