Evolution 2020 Profit Soars Mid-Pandemic Thanks to NetEnt Deal

Feb 16, 2021 Anna Kiselova
The iGaming industry leader, Evolution, has published its 2020 report, which shows that the company almost doubled its profit last year. The growth happened primarily thanks to a rise in commission from new and existing players. Of course, the groundbreaking event of buying NetEnt contributed significantly as well.
Most of Evolution’s success lies in its impressive range of live casino games that bring immersive and unique gameplay to customers. Figures published on Wednesday show the Stockholm-listed Evolution produced revenue of €177.7m in the Q4 2020, showing an increase of 68% on Q4 2019. Earnings went up 72% to a staggering €96.2m on a brilliant 54.2% margin. The period ended with a profit of €80.6m, a 72.2% rise compared to the previous year. Evolution ended the challenging 2020 on a high note. On December 2, the software creator acquired its biggest competitor NetEnt in a jaw-dropping SEK19.6b deal. Even though they sealed the deal in Q4, the NetEnt acquisition only brought the revenue up by 5%. Due to its geographic expansion, the company’s operating expenses climbed 62% to €92.8 million, €12.4 million related to NetEnt. Unsurprisingly, Martin Carlesund, Evolution’s CEO, has stated that he is very excited to see what 2021 brings. As far as we can see, Evolution has kickstarted this year by launching new products. The developer has continued its streak following the introduction of the first-ever live craps game that appeared in Q4 last year. Although both Evolution and NetEnt dominate Europe, there’s also another market up for grabs — the USA. While Evolution launched a live casino in Pennsylvania in Q4 and NetEnt entered Michigan’s online casino market, we’re still waiting for them to conquer other states.

Additional information

This news item is about game provider Evolution. You can get more information on this provider.

If you are interested in getting games of this provider on your casino site, please click the button below.

Anna Kiselova

Anna is the Head of Partnerships at SoftGamings, a leading iGaming developer in the world.

She is responsible for developing and executing strategic plans to maximise the software provider portfolio, solidifying the company’s reputation as a leading game solution provider.

She has a deep understanding of negotiations, business development, communication, and partner relations, and she always keeps her finger on the pulse of the latest industry innovations.

Leave a comment

Your email address will not be published. Required fields are marked *

Characters: 0
0

Characters: 0

Latest News & Articles

Read all

How to Start an Online Casino in Brazil

Mar 29, 2025
SoftGamings makes launching an online casino in Brazil easy! Don’t wait — join the revolution and dominate this emerging market today!
Read more

How to Start an Online Casino in South Africa

Mar 28, 2025
Dive into South Africa's booming iGaming market! Discover how SoftGamings can help you launch a successful online casino and attract local players. Join the $431M wave!
Read more

Start an online casino in Asia-Pacific region

Mar 27, 2025
Unlock the potential of Asia’s online casino market with SoftGamings! Despite strict regulations, the region’s thriving gambling culture offers unmatched opportunities.
Read more

Contact us

I am interested in getting EVOLUTION games for my casino

Solutions
Products
About us
Game providers
Legal