Evolution's Q3 revenue rises 3.7% to €526.1m while profit slips to €243.3m
Profit fell in the third quarter even as sales rose, and the live casino supplier has temporarily closed its Brazil studio, its CEO said, GamblingNews reported.
Evolution’s revenue grew in every region in the third quarter of 2026, the first time that has happened since 2024, GamblingNews reported. The live casino and games supplier said in its quarterly report that revenue rose 3.7% from a year earlier, while profit slipped.
By the numbers
- Adjusted EBITDA (core earnings): €345.9m, up 2.7% from €336.9m, a margin of 65.8%.
- Profit: €243.3m, down from €252.3m.
- Earnings per share: €1.31, against €1.25.
- First nine months: revenue €1,557m, up 0.3%; profit €746.7m, down from €755.3m.
What drove it
Europe and Asia, the two largest regions, grew 0.4% and 0.8%. North America rose 13.6%, Latin America 23.1% and Africa 23.7%. The live segment grew 2.6% and the RNG (software-based games) segment 10.1%.
The report adds that Evolution is working with Hasbro on a game called Game Night.
Brazil and AI dealers
Chief executive Martin Carlesund said the studio in Brazil was temporarily closed and the company is following the situation there. The report does not say how much revenue comes from Brazil.
Carlesund said Evolution is open to AI-powered dealers only as a complement to live dealers, and does not expect them to take over live casino soon.
Source
Report by GamblingNewsEvolution
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