Evolution, a leading live casino supplier in the gaming industry, has reported a robust increase in its financial performance for the second quarter of 2024. The company disclosed that its operating revenue soared to â‚?08.4 million, marking a 15.9% increase year-over-year. This surge has propelled the company’s revenue for the first half of 2024 past the â‚? billion milestone.
The company’s earnings before interest, taxes, depreciation, and amortization (EBITDA) also experienced significant growth, increasing by 10.9% from the same period last year to â‚?45.8 million. This growth contributed to a half-year EBITDA of â‚?91.5 million, up 13% year-over-year, with an EBITDA margin standing at 70.3%.
Despite these strong earnings, Evolution reported a slight dip in profit margins, which decreased to 52.9% in the second quarter from 59.9% in Q2 2023. Nonetheless, the absolute profit for the quarter rose by 1.9% year-over-year to �69.1 million, with a half-year profit up by 4.5% to �38.3 million.
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