Evolution AB Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 26, 2023 at 01:30 am EDT
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Evolution AB (publ) reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was EUR 452.64 million compared to EUR 378.53 million a year ago. Revenue was EUR 452.64 million compared to EUR 378.53 million a year ago. Net income was EUR 272.76 million compared to EUR 221.3 million a year ago. Basic earnings per share from continuing operations was EUR 1.28 compared to EUR 1.04 a year ago. Diluted earnings per share from continuing operations was EUR 1.26 compared to EUR 1.02 a year ago.
For the nine months, sales was EUR 1,323.29 million compared to EUR 1,049.26 million a year ago. Revenue was EUR 1,323.29 million compared to EUR 1,049.26 million a year ago. Net income was EUR 788 million compared to EUR 619.86 million a year ago. Basic earnings per share from continuing operations was EUR 3.69 compared to EUR 2.91 a year ago. Diluted earnings per share from continuing operations was EUR 3.62 compared to EUR 2.85 a year ago.
Evolution AB specializes in the development, publishing and marketing of live casino games on the Internet for gaming operators. The group operates in the fields of roulette, blackjack, baccarat and poker games, while offering software solutions and online casino platforms live on computers, smartphones and tablets.
At the end of 2022, Evolution AB had 11 production studios located in the United States (3), Belgium, Canada, Georgia, Latvia, Lithuania, Malta, Romania and Spain.
Net sales are distributed geographically as follows: Sweden (0.1%), Malta (67.5%), Australia (3.3%), Curaçao (21.8%), North America (0.6%) and others (6.7%).
EVOLUTION AB 
