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Evolution Gaming Group AB
(EVO)
Evolution Gaming Group AB (EVO) vs. iShares MSCI Sweden ETF (EWD)
Evolution Gaming Group AB Business Overview & Revenue Model
Evolution Gaming Group AB Earnings Call Summary
Evolution Gaming Group AB Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.18B | 2.21B | 1.80B | 1.46B | 1.07B | 561.13M |
| Gross Profit | 2.18B | 2.21B | 1.80B | 1.46B | 1.07B | 561.13M |
| EBITDA | 1.48B | 1.48B | 1.20B | 954.58M | 694.86M | 316.93M |
| Net Income | 1.13B | 1.24B | 1.07B | 843.36M | 605.43M | 284.62M |
Balance Sheet | ||||||
| Total Assets | 5.17B | 5.35B | 4.97B | 4.37B | 3.90B | 3.17B |
| Cash, Cash Equivalents and Short-Term Investments | 656.38M | 787.07M | 972.46M | 511.95M | 404.79M | 221.68M |
| Total Debt | 87.78M | 93.66M | 79.46M | 79.55M | 67.81M | 49.97M |
| Total Liabilities | 1.35B | 1.37B | 967.27M | 909.09M | 712.12M | 442.94M |
| Stockholders Equity | 3.82B | 3.97B | 4.01B | 3.46B | 3.19B | 2.73B |
Cash Flow | ||||||
| Free Cash Flow | 1.17B | 1.16B | 1.07B | 780.53M | 537.30M | 279.17M |
| Operating Cash Flow | 1.29B | 1.30B | 1.17B | 877.47M | 598.89M | 316.05M |
| Investing Cash Flow | -146.36M | -247.97M | -139.36M | -371.60M | -154.95M | 6.82M |
| Financing Cash Flow | -1.15B | -1.24B | -574.50M | -394.20M | -248.52M | -279.91M |
Evolution Gaming Group AB Technical Analysis
Evolution Gaming Group AB Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | kr19.15B | 8.58 | 23.20% | 5.03% | 11.84% | 12.09% | |
72 Outperform | kr126.77B | 9.97 | ― | 5.04% | 2.04% | -0.10% | |
65 Neutral | $3.48B | 40.03 | 4.76% | ― | -5.16% | -48.79% | |
62 Neutral | kr6.95B | 24.11 | ― | ― | -7.81% | -8.76% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
51 Neutral | $125.46M | -0.69 | -19.82% | ― | -25.10% | 82.01% | |
51 Neutral | kr194.44M | -0.51 | -74.31% | ― | 13.37% | 43.23% |
Evolution Gaming Group AB Corporate Events
Evolution AB has completed its share repurchase program, acquiring 133,140 shares on December 8, 2025, to improve its capital structure and enhance shareholder value. The program, compliant with EU regulations, involved Citibank executing trades independently, resulting in Evolution holding 5,235,549 own shares out of a total of 204,462,162 shares.
The most recent analyst rating on (SE:EVO) stock is a Hold with a SEK630.00 price target. To see the full list of analyst forecasts on Evolution Gaming Group AB stock, see the SE:EVO Stock Forecast page.
Evolution AB has repurchased 142,000 of its own shares between December 1 and December 5, 2025, as part of a repurchase program aimed at improving its capital structure and enhancing shareholder value. The program, compliant with EU regulations, allows for a maximum acquisition of 20,446,216 shares, with 1,485,038 shares acquired since October 24, 2025. The transactions were executed on Nasdaq Stockholm by Citibank, and Evolution’s current holding of own shares stands at 5,102,409.
The most recent analyst rating on (SE:EVO) stock is a Hold with a SEK630.00 price target. To see the full list of analyst forecasts on Evolution Gaming Group AB stock, see the SE:EVO Stock Forecast page.
Evolution AB has repurchased 76,000 of its own shares as part of a buyback program aimed at improving its capital structure and enhancing shareholder value. This initiative, compliant with EU regulations, has seen a total of 1,343,038 shares acquired since October 2025, with a maximum of 20,446,216 shares available for repurchase, reflecting the company’s strategic financial management efforts.
The most recent analyst rating on (SE:EVO) stock is a Hold with a SEK630.00 price target. To see the full list of analyst forecasts on Evolution Gaming Group AB stock, see the SE:EVO Stock Forecast page.
Evolution and Galaxy Gaming have extended their merger agreement deadline to July 17, 2026, as they work towards completing the acquisition, with remaining regulatory approvals expected by Q1 2026. This merger aims to enhance Evolution’s market position and accelerate Galaxy Gaming’s growth, leveraging Evolution’s global reach while maintaining Galaxy’s operational independence.
The most recent analyst rating on (SE:EVO) stock is a Hold with a SEK630.00 price target. To see the full list of analyst forecasts on Evolution Gaming Group AB stock, see the SE:EVO Stock Forecast page.
Evolution AB has repurchased 432,000 of its own shares between November 17 and November 21, 2025, as part of a repurchase program aimed at improving its capital structure and enhancing shareholder value. This initiative is conducted under the EU Market Abuse Regulation and Safe Harbour Regulation, with Citibank executing the transactions independently. As of November 21, 2025, Evolution holds 4,884,409 of its own shares, with a total of 1,267,038 shares acquired since the program’s inception on October 24, 2025.
The most recent analyst rating on (SE:EVO) stock is a Buy with a SEK696.00 price target. To see the full list of analyst forecasts on Evolution Gaming Group AB stock, see the SE:EVO Stock Forecast page.
Evolution AB has repurchased 191,629 of its own shares between November 10 and November 14 as part of a repurchase program aimed at improving its capital structure and enhancing shareholder value. This program, compliant with EU regulations, allows for a maximum acquisition of 20,446,216 shares, with 835,038 shares acquired since October 24. The repurchases were conducted on Nasdaq Stockholm by Citibank, and the company’s total shareholding now stands at 4,452,409.
The most recent analyst rating on (SE:EVO) stock is a Buy with a SEK696.00 price target. To see the full list of analyst forecasts on Evolution Gaming Group AB stock, see the SE:EVO Stock Forecast page.
Evolution AB has repurchased 324,409 of its own shares from November 3 to November 7, 2025, as part of a repurchase program aimed at improving its capital structure and enhancing shareholder value. The program, compliant with EU regulations, allows for a maximum acquisition of 20,446,216 shares, with Citibank independently managing the purchases on Nasdaq Stockholm. This strategic move is expected to positively impact Evolution’s financial standing and market positioning.
The most recent analyst rating on (SE:EVO) stock is a Buy with a SEK696.00 price target. To see the full list of analyst forecasts on Evolution Gaming Group AB stock, see the SE:EVO Stock Forecast page.
Evolution AB has repurchased 279,000 of its own shares between October 27 and October 31, 2025, as part of a repurchase program aimed at improving its capital structure and enhancing shareholder value. This initiative is in line with EU regulations and involves Citibank executing the purchases independently on Nasdaq Stockholm, with a total of 319,000 shares acquired since the program’s recent inception.
The most recent analyst rating on (SE:EVO) stock is a Hold with a SEK630.00 price target. To see the full list of analyst forecasts on Evolution Gaming Group AB stock, see the SE:EVO Stock Forecast page.
Evolution AB has repurchased 40,000 of its own shares between October 20 and October 24, 2025, as part of a board-approved program to enhance its capital structure and increase shareholder value. This initiative, conducted under EU regulations and facilitated by Citibank, aims to potentially acquire up to 20,446,216 shares, reflecting Evolution’s strategic focus on optimizing financial performance and market positioning.
The most recent analyst rating on (SE:EVO) stock is a Buy with a SEK758.00 price target. To see the full list of analyst forecasts on Evolution Gaming Group AB stock, see the SE:EVO Stock Forecast page.
In the third quarter of 2025, Evolution Gaming Group AB reported a decline in net revenues by 2.4% to EUR 507.1 million and a decrease in adjusted EBITDA by 5.3% to EUR 336.9 million. The company faced challenges in Asia due to cyber criminality and regulatory volatility, but saw growth in Europe, North America, and Latin America. Notably, Evolution launched Ezugi as a second live casino brand in the US and expanded its RNG portfolio with Sneaky Slots. Despite revenue shortfalls in Asia, the company maintained a strong EBITDA margin through cost control and strategic investments.
The most recent analyst rating on (SE:EVO) stock is a Buy with a SEK1000.00 price target. To see the full list of analyst forecasts on Evolution Gaming Group AB stock, see the SE:EVO Stock Forecast page.
Evolution AB has revealed that Playtech Software Limited, a subsidiary of Playtech Plc, was behind a defamatory smear campaign orchestrated by Black Cube, which aimed to damage Evolution’s business and reputation. The campaign involved the creation and dissemination of a false report that led to significant financial harm for Evolution. Despite legal challenges, Playtech’s involvement has been confirmed, and Evolution is pursuing accountability for the damages caused by this anti-competitive act.
The most recent analyst rating on (SE:EVO) stock is a Buy with a SEK1000.00 price target. To see the full list of analyst forecasts on Evolution Gaming Group AB stock, see the SE:EVO Stock Forecast page.