#ad Advertorial – I am committed to editorial independence. While I receive compensation when you click links to partners, they do not influence my opinions or reviews. Learn more here.

Evolution Q1 2021 Profits Increase by 144%

Evolution has released an impressive set of Q1 figures for 2021. Profits are up by 144% during the first quarter as the NetEnt acquisition beds in.

evolution q1 2021 results

Evolution has released their 2021 Q1 Financial Results today.

The Financial Headlines

  • Revenue Growth 105% to 235.8m Euro (115.1) with Live revenue growth up by 60% to 183.7m Euro.
  • EBITDA increased by 150% to 160.1m Euro (64.1).
  • EBITDA margin 67.9% (55.7%).
  • With a Profit for the period up by 144% to 132m Euro (54.2).

Operational highlights

  • The Completion of the NeEnt integration and cost synergies.
  • Preparation for the launch of Live Casino in Michigan.
  • Start of construction of two new studios, one in Europe and one in North America.
  • Total product roadmap reconstruction.
  • Preparations for the new releases for 2021.
  • Continued expansion in all studios.
  • Highest ever recruitment – with more than 10,000 employees now working at Evolution.
  • Operational challenges and constraints posed by the Covid pandemic.

Press Release Summary

In the press release and subsequent presentation  CEO Martin Carlesund gave us a glimpse of the immediate future for Evolution. The main news was of course the acquisition of Big Time Gaming, which they hope to complete during the next quarter. This will put Evolution in a really strong position in the Slots market and no doubt we see some more collaborations between Live Casino and Slots.

The first to be released in June 2021 will be a collaboration with NetEnt. Gonzo’s Treasure Hunt Live will be an RNG/Live entertainment game like we’ve not seen before. Martin, promises more like this will come.

More innovation is also promised for the more traditional live table games, something I’m very much looking forward to.

Interestingly, now NetEnt has been fully integrated, we can see that in Q1 RNG contributed 22.1% to revenue, while Live contributed 77.9%.

Revenues By Region

The growth in all regions has been steady year on year. The most impressive figures relate to North America where revenues have nearly doubled in the last quarter.

Other markets with strong growth include the UK, the Rest of Europe, and Asia.

evolution revenue by region

Best 6 Live Casinos

GO TO CASINO

5 / 5 Stars

Leo Vegas Live Casino

UK Gambling Commission Certified

GO TO CASINO

4 / 5 Stars

Rizk Live Casino

UK Gambling Commission Certified

GO TO CASINO

4 / 5 Stars

Royal Panda Live Casino

GO TO CASINO

4 / 5 Stars

Mr Green Live Casino

UK Gambling Commission Certified

GO TO CASINO

4 / 5 Stars

NoBonus Live Casino

UK Gambling Commission Certified

GO TO CASINO

4 / 5 Stars

Casino.com Live Casino

UK Gambling Commission Certified

About Neil’s Casino Comparer Reviews

I have tried to be objective and consistent with all my live casino reviews. Hopefully, they will strike a chord with you, but I thought it might be helpful to explain the criteria I use to mark each of the casinos. Hopefully, the categories and explanations make sense.

Playability – What is the overall impression of the casino? Did I have a good time? are the dealers nice and chatty and is everything easy to understand? Does it have a good set of games and is there a comprehensive set of betting options? Are high stakes players taken care of?

Software – What is the software like to use and does it integrate well with the rest of the casino?. Are the images clear and is the video streaming fast? Have they taken more than the default shared tables? Is it available on mobile?

Payment Options – Does the casino have a good variety of payment options? Do they payout quickly and on time?

Security – How good is the reputation of the casino amongst other players? Do they hold a valid gaming license? Are they transparent about the security measures they have in place? Are they regularly audited? Do they publish this information?

Support – Do they have multiple methods for communication with me? Is support available 24×7? Do they have instant chat and are they quick to respond? Are they able to help me immediately? Do they have an online FAQ and self-help library? Are the support people knowledgeable about the product I’m playing?

Bonuses – Do they have bonuses?. How strict are the wagering requirements? Do they offer repeat bonuses?. Do they offer loyalty points and can they be redeemed for cash or playing credits?

After all that, would I play there regularly?

Neil’s Latest Live Casino Reviews

casino.com live casino review

My Casino.com Live Casino Review has all the latest information on the Live Dealer Games, Bonuses and promotions available at this Playtech based casino.

Rizk Live Casino Review

My Rizk Live Casino review reveals many reasons why you might want to play Rizk live dealer games on a regular basis.

SEE MORE REVIEWS