Publish: 28.10.2017

Evolution Gaming Reports Strong Q3 Results

All financial numbers are strong, including a 126% increase in Earnings Per Share backed by a 123% increase in profit to more than $20m.

Evolution Gaming – one of the world’s largest online casino companies and owner of the world’s largest live casino studio – reported strong results for Q3 2017, the company said via a report released on its website.

The report is highlighted by a 56% increase in operating revenues to more than $50m.

 

All financial metrics are strong, including a 126% increase in Earnings Per Share backed by a 123% increase in profit to more than $20m.

New Studios To Open In Canada

Evolution’s new live studio has driven growth for the company. It expects to increase the number of studio’s it operates, including the construction of a new facility in Canada that is due to begin operations in 2018. Once live, it will provide much needed support by increasing its capacity to handle the increase volume of customers its experiencing.

“During the quarter, a generally high level of growth was noted in all of our products. We are focusing heavily on meeting this growth, which is best expressed by the investments in our upcoming studios in Georgia and Canada. Work is continuing as planned and we expect to open the studio in Canada in early 2018, followed by Georgia during the second quarter,” said Martin Carlesund, Evolution Gaming’s President and CEO.

A Clear Strategy For Growth

Despite the strong results, the company does not plan on becoming complacent, and there is a clear strategy in place to continue the growth it enjoyed in Q3.

This includes a variety of tactics and product offerings, with a focus on creating new experiences that will appeal to a broad spectrum of customers. For that reason, it’s expected that these Q3 results are just the beginning of what will be a period of strong growth and profitability for the company.

“We are focusing on product innovation, regulated markets and land-based casinos – three key elements of our growth strategy. I am therefore pleased to note progress in all of these areas both during and after the quarter,” Carlesund said.