Evolution Gaming ( (EVVTY) ) has released its Q4 earnings. Here is a breakdown of the information Evolution Gaming presented to its investors.
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Evolution Gaming is a leading B2B provider of fully integrated online casino solutions, serving over 800 operators worldwide. Based in Sweden, it operates under multiple licenses, including from the Malta Gaming Authority and other jurisdictions.
In its latest earnings report for 2024, Evolution Gaming showcased a robust financial performance with significant revenue and profit growth. The company’s total operating revenues increased by 31.5% in the fourth quarter, reaching EUR 625.3 million, while profit for the period amounted to EUR 377.1 million.
Key financial highlights include a 35.0% rise in EBITDA to EUR 455.0 million with a margin of 72.8%. For the full year, revenues grew by 23.1% to EUR 2,214.1 million, with a profit of EUR 1,244.0 million. The Board of Directors has proposed a dividend of EUR 2.80 per share and plans to repurchase shares worth up to EUR 500 million.
Looking forward, Evolution Gaming remains focused on growth and market expansion, particularly in regulated markets. The company plans to continue investing in new studios and game innovations, anticipating some impact on margins due to the current challenges in Asia and increased regulatory focus.
Overall, Evolution Gaming is well-positioned for continued growth in the online casino industry, driven by its strong product portfolio and strategic investments in both technology and market presence.