Evolution net revenue increases by 12.5% in Q4
Evolution has reported net revenue of €533.8 million (US$551 million)1 EUR = 1.0327 USD
2025-02-03Powered by CMG CurrenShift for the fourth quarter of 2024, a year-on-year increase of 12.5%.
For the final quarter of 2024, Evolution’s total operating revenue totaled €625.3 million (US$646 million)1 EUR = 1.0327 USD
2025-02-03Powered by CMG CurrenShift, a 31.5% increase year-on-year.
Meanwhile, the company’s adjusted EBITDA reached 68.1%, dropping nearly two percentage points year-on-year.
Regarding the latest fourth quarter results, Evolution Chief Executive Officer, Martin Carlesund, said, “We saw strong momentum in the final quarter of the year in North America, Latin America, and Europe. Development in Asia is flat versus the previous quarter as we continue to face challenges from cyber-attacks towards our video distribution in the region. I am also grateful for the hard work and the ways in which our Evolution team has taken on and resolved the many challenges during the past year.”
Carlesund also expects big things for the company in 2025, adding, “With great determination, hard work, and professionalism, our employees have brought Evolution to an excellent position for future growth.
At the beginning of the new year, Evolution Group announced that its Chief Financial Officer, Jacob Kaplan, was stepping down on February 18 after serving nine years in the position.
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