Evolution, a leading supplier of technology, content, and solutions for the global gambling and betting industry, has revealed its financial performance for the fourth quarter and full year of 2023. The company reported strong growth in operating revenues, EBITDA, operating profit, and overall profit margins.

In the fourth quarter of 2023, Evolution’s operating revenues reached €475.3 million, representing a 16.6% increase compared to the same period in 2022. Similarly, EBITDA for the fourth quarter increased by 20.5% to €337 million, and operating profit saw a 21% year-over-year increase to €302.6 million. The company also reported a 26.6% increase in profit, with a profit margin of 59.5% for the fourth quarter.

Looking at the full year of 2023, Evolution’s operating revenues increased by 23.5% to €1.8 billion, while EBITDA, operating profit, and overall profit also experienced significant growth, with year-over-year increases of 25.7%, 25.8%, and 27%, respectively.

Martin Carlesund, the CEO of Evolution, expressed his excitement about the latest figures, highlighting the company’s stellar growth in EBITDA and revenue for the fourth quarter of 2023. He also emphasized the operational success of the company throughout the year, noting the release of 110 new games in 2023, surpassing the company’s goal of 100 titles.

Carlesund also acknowledged the strong revenues from Evolution’s RNG and Live Casino offerings in the fourth quarter of 2023. He mentioned the company’s focus on delivering new and engaging titles for players in the United States, particularly in North America, where Evolution saw strong momentum in the fourth quarter.

Additionally, Carlesund discussed the European market, noting its consistent 10% year-over-year growth for the second quarter in a row and expressing anticipation for further expansion on the continent. He also highlighted the importance of the gambling markets in Asia and Latin America.

Overall, Evolution’s financial performance in 2023 demonstrated significant growth and success, driven by strong operational results and a focus on expanding its offerings in key markets around the world.

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