Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Evolution Gaming Group AB (EVVTY)
OTHER OTC:EVVTY
Holding EVVTY?
Track your performance easily
Earnings Data
Report Date
Jan 30, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
1.41Last Year’s EPS
1.42Same Quarter Last Year
Based on 0 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Oct 24, 2018
|% Change Since: -16.86%
|Next Earnings Date:Jul 18, 2018
Earnings Call Sentiment|Neutral
While Evolution shows robust revenue growth and promising expansion into new markets, challenges such as lower than expected top-line growth and increased operating expenses indicate room for improvement. The acquisition of Galaxy Gaming and the capital allocation framework are positive strategic moves, but the U.S. market performance remains a concern.Company Guidance
During the Q2 2024 earnings call for Evolution (EVO.ST), guidance highlighted several key metrics and strategic initiatives. The company reported a year-on-year revenue growth of 15.3%, reaching EUR 508.4 million, with a live casino games revenue of EUR 438 million and R&D revenue of EUR 70.3 million. The EBITDA margin for the quarter was 68%, with full-year guidance maintained at 69% to 71%. A significant payout of EUR 35 million in a single game affected short-term revenue negatively, although it is expected to increase player demand in the long term. The company is actively expanding in new markets like the Czech Republic, Brazil, and the Philippines, and further strengthening its U.S. presence through the acquisition of Galaxy Gaming, valued at EUR 124 million. Evolution also announced a EUR 400 million share buyback under its new capital allocation framework. Despite a slower quarter, the company remains optimistic about upcoming product launches, including the ambitious Lightning Storm game show, and expects improved performance in the second half of the year.Expansion into New Markets
Evolution expanded its offerings into the U.S. market by launching live casino games in Delaware and other states. Additionally, they are entering new regulated markets like the Czech Republic, Brazil, and the Philippines.
Strong Revenue Growth
Revenue amounted to EUR 508.4 million, showing a year-on-year growth of 15%. Revenue growth at constant currency is estimated to be 19% for the quarter.
Acquisition of Galaxy Gaming
Evolution entered into an agreement to acquire Galaxy Gaming, which will help solidify their presence in the U.S. market where Galaxy is licensed in 28 out of 29 possible states.
Successful Capital Allocation and Buyback
The company announced a capital allocation framework and a share repurchase of EUR 400 million, indicating strong business performance and a solid balance sheet.
---
EVVTY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
EVVTY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 24, 2024 | $89.85 | $103.51 | +15.20% |
| Jul 19, 2024 | $110.13 | $99.95 | -9.24% |
| Apr 24, 2024 | $120.99 | $113.93 | -5.84% |
| Feb 01, 2024 | $116.35 | $122.18 | +5.01% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Evolution Gaming Group AB (EVVTY) report earnings?
Evolution Gaming Group AB (EVVTY) is schdueled to report earning on Jan 30, 2025, TBA Not Confirmed.
What is Evolution Gaming Group AB (EVVTY) earnings time?
Evolution Gaming Group AB (EVVTY) earnings time is at Jan 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is EVVTY EPS forecast?
EVVTY EPS forecast for the fiscal quarter 2024 (Q4) is 1.41.
---