Evolution, the world’s strongest provider of stay vendor video games for on-line casinos, has introduced its monetary outcomes for the third quarter of 2023 and the numbers present record-breaking income for the corporate.
The firm’s income in the course of the third quarter amounted to 453.6 million euros, a determine which marks the most effective three months in the group’s monetary historical past. The good end result was primarily pushed by the corporate’s stay on line casino phase, which drove in income of 358.8 million euros in the course of the quarter, representing a 24.3 p.c improve.
Moreover, Martin Carlesund, the Chief Executive Officer of Evolution, revealed that the demand for stay on line casino content material is growing at a speedy tempo and that the provider should open extra studios in order to deal with the demand.
Evolution additionally registered a document in the third quarter in terms of the quantity of video games launched, besides the corporate should improve its manufacturing capabilities in order to maintain up with the demand.
Martin Carlesund revealed that the corporate is able to open new studios and rent extra employees on three continents: Europe, North America and Latin America. “We see a higher demand for our product than what we currently can deliver,” Carlesund defined, including that the corporate has to “increase the pace of recruitment both in existing studios as well as to support new studios.”
The Evolution CEO additionally added that the corporate has already opened a stay on line casino studio in Colombia initially of the fourth quarter and revealed that they may open a brand new studio in Europe by the tip of the 12 months and three or 4 subsequent 12 months in Europe, North America and Latin America.
RNG Decline
The firm’s random quantity generator video games (RNG) phase didn’t try this effectively in the course of the third quarter, registering a income drop of 1.9 p.c to 66.8 million euros. Despite the lower, the Evolution CEO says he stays optimistic as a result of the RNG enterprise has progressed in the third quarter.
“We are methodically and systematically moving our RNG business forward,” Martin Carlesund defined and added that the present focus is on enhancing the enterprise “step-by-step.”
When it involves geographical areas, essentially the most profitable one for Evolution remained Europe, which drew 175.1 million euros in income in the third quarter, a determine which represents a rise of 10 p.c year-on-year.
However, Asia registered income of 172.1 million euros, an increase of 34.7 p.c in comparison with the identical quarter of final 12 months. If the development continues, Asia will most certainly surpass Europe in the fourth quarter. North America generated 54.7 million euros in income for Evolution in the third quarter, whereas Latin America managed to attract 34.4 million euros.
Source: “Evolution eyes new studios to support live casino growth after record Q3“. iGaming Business. October 26, 2023.
