Evolution Gaming released their Q1 interim results late last week.
Revenue up 54% on the same quarter last year. Profit up 69%.
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Big result to be sure, but the bigger story is probably the extent to which they are primed for even stronger growth later in the year.
As CEO CEO Martin Carlesund pointed out in a release accompanying the results, the full impact of recent studio expansions is yet to be felt. Also the results take almost no account of the record new game rollout for 2019 which has only just begun.
That pipeline comes with a heavy focus on the new 'soft gaming' category of games with a view to broadening the live vertical customer base. So in addition to the traditional roulette, blackjack, baccarat, poker etc they will have...Quote:
It is important to note that the new games haven’t had any extensive effect on the quarterly growth, as the roll-out has just begun... Our launch pipeline has never been as strong as it is now.
But the tradition line-up will certainly not be neglected. Studio expansions have enabled table/seat numbers to keep up with demand, while variations on classic table games (eg Free Bet Blackjack) are also on the way.Quote:
... a whole new product vertical in our game lobby that we refer to as Game Shows
