





Evolution AB Q3 earnings $EVO Revenues +28% EBITDA +30% EPS +23% Stock is up 14% this morning https://t.co/1PvSSbOTcV
$EVO.ST Earnings were great. 14.7% net revenue growth in face of Georgia strike is very solid. Found this little nugget about RNG actually doing well. If RNG doesn’t become a huge drag on the business things could get really interesting. 🔥 https://t.co/BDiaGdFQqY
$EVO Evolution CEO: "...the quarter also presented near-term challenges & 2 exogeneous factors that have had a -ve impact on the quarter" Q3 24 [EUR, YoY]: —Net revenues: +27.9% to 579M —EBITDA: +30.3% to 415.3M —Net profit: +20.5% to 328.6M —EBITDA margin: 71.7% [Q3 23: 70.4%] https://t.co/yKJOFo5b0a

Evolution AB reported strong third-quarter earnings for 2024, with net revenues increasing by 28% to €579 million and EBITDA rising by 30.3% to €415.3 million. The company's earnings per share (EPS) also showed a significant increase of 23%. The results surpassed consensus expectations, which had predicted a 1% increase in EPS. Notably, the live casino segment grew by 16%, while the RNG segment saw an 8.5% increase. The adjusted EBITDA margin improved to 71.7%, up from 70.4% in the previous year. Despite challenges faced during the quarter, the CEO expressed optimism about the company's future, highlighting opportunities in the online casino market. Following the earnings release, Evolution's stock rose by 14% in morning trading.