Evolution’s second-quarter revenue grows 3.1% year-on-year to hit US$607 million
Live casino and slot game provider Evolution has reported net revenue of US$607.4 million for the second quarter, a 3.1% year-over-year increase.
Adjusted EBITDA for the period was recorded at US$400 million, a slight change from second quarter 2024. The EBITDA margin decreased nearly 3% year-over-year to 65.9%.
In Latin America, revenue increased 2.8% year-over-year to almost US$43 million. As part of its regional expansion, Evolution launched a new studio in São Paulo, Brazil.
North American net revenue reached more than US$85 million, up nearly 23% from the previous year.
Evolution recently entered the Rhode Island market through a partnership with Bally’s Corporation and plans to finalize its acquisition of Galaxy Gaming in the second half of 2025.
The company also noted its launch of a live casino studio in the Philippines during the quarter, the first in Asia.
“With great determination, with hard work and professionalism our employees have brought Evolution to an excellent position for future growth,” CEO Martin Carlesund said. “We will relentlessly continue to strive to make Evolution a bit better every day also during 2025.”
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