Evolution Reports Strong Fourth Quarter and Full Year 2020 Results

Evolution has announced its financial results for the fourth quarter and full-year 2020.

Operating revenues in Q4 increased by 68% to €177.7 million with profit for the period amounting to €80.6m.

Operating revenues for the full year increased by 53% to € 561.1m, with profit for the period amounting to €284.6 million and earnings per share of €1.55.

2020 saw the company rebrand from Evolution Gaming to become Evolution and complete the acquisition of NetEnt and Red Tiger.

“We end an eventful 2020 on a high note with a quarter that marks a significant step forward for Evolution. Through the acquisition of NetEnt, we add a second vertical to our unrivalled live casino offer and two strong and fantastic new brands to our product portfolio,” Martin Carlesund, CEO of Evolution, said.

“This makes us well-placed for our long-term ambition of taking a leading global position in online casino. With a strong market penetration in live casino and slots across North America, Asia and Europe as our platform, we remain committed to creating the best gaming experience for every single user in both verticals. I am excited about what lies ahead for 2021 when we will continue to increase the gap to the competition,” Martin Carlesund added.