Evolution’s Financial Report Revealed Its Operating Revenues Increased by 36% in Q4 in 2022

Feb 21, 2023 Anna Kiselova
Evolution’s CEO, Martin Carlesund, expressed his satisfaction as the company completed another successful financial year. He added that they had a strong last quarter despite the challenging market environment, including the inflation, the recovery of the post-pandemic world economy, and the war in Ukraine.
As one of the industry’s most successful casino business solutions, Evolution has shared its financial report, revealing the numbers for the fourth quarter of 2022. According to the report, the company increased operating revenues by 36% to $437.8 million. Its profit for the same period amounted to $240.6 million, while EBITDA increased by 35% to $300.9 million, corresponding to a margin of 69.2%.

The company was also delighted with its performance in the previous year. Operating revenues increased by 36% to $1.6 billion, while the profit for the entire 2022 reached $908.3 million.


Carlesund added that there had been a high demand for their Live casino products, whose revenue increased by 41.1% compared to last year. Plus, players were overly interested in games such as Monopoly Big Baller in 2022.

RNG revenues were not the developer’s forte, as they only increased by 5.1% compared to the previous year. Since their performance is still below the company’s expectations, they know the quality and efficiency must be improved as the company moves forward.

Additional information

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

Learn more about "Evolution"

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

Aside from that, the developer is content to have delivered 88 releases in 2022. Those include live games such as Football Studio Dice and Dead or Alive Saloon, and RNG games from their subsidiaries (Dead Canary from Nolimit City, Cupcakes from NetEnt, Shadow Society from Red Tiger, and Christmas Bonanza from BTG). And they don’t plan to stop here — Evolution disclosed its plan to launch over 100 games in 2023.

Carlesund also pointed out the company invested immensely in studio expansion over the last quarter. They continued the regional development and opened a second New Jersey Live casino studio, which has been a critical point of their North American expansion. The developer also increased the number of live tables by 300, so at the end of 2022, there were a total of 1,300 tables in Evolution’s live studios worldwide.

The CEO concluded that in 2023, the company would continue to expand and release new products while remaining loyal to its core principles.

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 *

Latest News & Articles

SoftGamings and TaDa Gaming Unite to Bring Magical Gaming Experiences to Players Worldwide

Nov 5, 2024
SoftGamings and TaDa Gaming Unite to Bring Magical Gaming Experiences to Players Worldwide

SoftGamings Gears Up to Conquer the Upcoming SiGMA Malta Conference

Oct 31, 2024
Join SoftGamings at SiGMA Malta 2024 from Nov 11-14! Discover innovative iGaming solutions and connect with industry leaders at this premier event.

SoftGamings Enhances Platform with Gabsys’s Advanced Sportsbook Solutions

Oct 22, 2024
SoftGamings enhances its platform with Gabsys's advanced sportsbook technology, delivering customizable solutions and extensive event coverage for operators.