Evolution Gaming, developer and supplier of Live Casino and a number of various other casino options, reported its results for the third quarter of 2015. Revenue amounted to €19.5 million, up 57% year-on-year.
The company attributed the considerable growth to its existing customers and the increasing importance of its Live Casino product offering among gambling operators. The constantly growing mobile segment also contributed significantly to Evolution Gaming’s excellent performance over the reported period.
Revenue from the supplier’s gaming platform for mobile devices accounted for 28% of the overall figure posted for the three months ended September 30. What is more, mobile proceeds rose more than 260% as compared to the same period a year ago.
Adjusted EBITDA increased 60% during the third quarter of the year. The amount of €7.8 million was reported compared to the €4.9 million posted for the three months ended September 30, 2014.
Adjusted operating profit amounted to €6.3 million, up 61% year-on-year. Adjusted profit for the period rose 59% year-on-year to reach €5.8 million.
During the three months ended September 30, Evolution Gaming inked several extremely important partnership agreements with internationally recognized gambling operators and fellow providers of gaming solutions. For instance, the gaming supplier penned a deal with Genting Alderney, the online casino division of gaming giant Genting Group. Live Casino games have already gone live with Genting Alderney and “a dedicated Genting” environment is to be launched at Evolution Gaming’s studio in Riga.
Another important agreement the supplier signed during the reviewed period was the one with major platform provider Microgaming. Thus, Evolution Gaming became the preferred Live Casino provider to all Europe-based customers powered by Microgaming’s platform.
Adjarabet, Marathonbet, Gamesys, Casumo, and BetConstruct were also among the companies that expressed interest in the supplier’s Live Casino and eventually signed contracts with it in the past three months.
Evolution Gaming also posted its results for the first nine months of 2015. Revenue amounted to €52.8 million for the reported period, up 52% year-on-year. Adjusted EBITDA increased 79% year-on-year to reach €21.7 million. Adjusted operating profit totaled €17.6 million, up 88% as compared to the figures posted for the same nine-month period a year ago. Adjusted profit for the period amounted to €16.3 million, up 88% year-on-year.
Jens von Bahr, CEO of Evolution Gaming, said that they will continue following their growth strategy and will remain focused on increasing the company’s lead over its competitors and “delivering long-term shareholder value.”
