Evolution AB reported its first quarter 2025 results, showing a revenue increase of 3.9% to €520.9 million, with Live Casino and RNG segments growing by 4% and 3.1% respectively. The company also reported a 2% growth in Asia and unspecified growth in North America. However, the company experienced a decline in EBITDA by 1.1% to €342.0 million, with the EBITDA margin dropping to 65.6% from 69% in the previous year. Profit for the period fell by 5.4% to €254.7 million, and earnings per share decreased by 2.8% to €1.24. The company's performance was impacted by actions taken to comply with regulations in European markets, strikes in Georgia, and countermeasures against cyber attacks in Asia. CEO Martin Carlesund expressed dissatisfaction with the quarter's results, stating that the company had to make tough decisions to address these challenges. He highlighted new game releases like Marble Race, Duck Hunters, and Ice Fishing, and mentioned ongoing expansion in Latin America and new game tables in Romania. Following the release of the report, Evolution's stock plummeted by as much as 19%, reflecting investor disappointment with the company's first-ever quarterly decline in Live Revenue. Carlesund remains optimistic, however, emphasizing the company's commitment to adapting and improving despite the setbacks.