Evolution 633% Equity Per Share Increase

‘Evolution Q1 2021 revenue report shows a €132 million profit while shareholders see a year-on-year equity per share increase of 633%!’ (Image from evolution.com)

Evolution’s Q1 2021 revenue report reveals another amazing financial run for the iGaming giant, now boasting a €132 million profit, while shareholders reap the rewards of a sound investment via a year-on-year equity increase of 633%!

The report also shows a more valuable €13.31 equity per share, which is a marked improvement on its Q1 2020 figures—Just 1 year ago Evolution reported what may now feel like an insignificant €1.82 equity per share, which at the time was an amazing upshot over 2019’s valuation!

Meanwhile, investors’ total earnings per share hit €0.62—up 108% from last year’s €0.30. As for OCF per share before dilution, these figures came in at €0.48 which is 129% higher than Q1 2020’s €0.21.

All we can say is that we are not surprised! Evolution’s rise in shares is a result of one simple strategy—‘doing good business’! This is a company that knows its industry and understands where it fits in!

Heading Towards Half a Billion Profit Marker!

Profits also look remarkably promising, largely thanks to the acquisition of NetEnt and Red Tiger in a deal worth €1.6 billion. This latest Q1 2020 financial run is the first quarterly report that includes a contribution from that purchase, and with the additional income from the online slots’ vertical, operating profits soared to €142 million. That is a year-on-year increase of 148% on Evolution’s 2020 Q1 report! Adding to this, 2021 Q1’s operating margin was 60.1% up from 49.6% in 2020, while profit margins for the period were an incredible 56% corresponding to the official ‘profit for the period‘ coming in at €132 million. There are few stakeholders out there that could argue with those figures!

After just 3 months into 2021, the reported profits are a little over 45% of those gained in 2020 thus setting up Evolution for a record year that could reach the half-a-billion mark! FYI – profits for the entirety of 2020 came in at €284.6 million—Q1 to Q4 2020. You can read the details of Evolution’s 2020 revenue report here!

Revenue Growth Could Breach €1 Billion

Overall Evolution Q1 2021 revenue report shows a rise to €236 million which is a 105% improvement on Evolution’s Q1 2020’s €115 million revenue, while it is also worth noting that this is almost half of 2020’s entire revenue which came in it at €561.1 million. Also, EBITDA soared by 150% to €160.1 million; an improvement of €96 million on Q1 2020’s €64.1 million and once again just under half of 2020’s overall €332.2 million EBITDA.

If Q2 2021 matches Q1, Evolution’s 6-monthly revenue will be almost as much as its full 12-month revenue over the course of 2020!

Reading between the lines, and although it is still early in the year, it is not too farfetched to suggest that it looks highly likely 2021’s revenue will be double that of 2020 reaching over €1 billion!

Summary of First Quarter 2021

Evolution Q1 2021 Revenue

60% Growth in Evolution Live Casino Sector

The Evolution Q1 2021 revenue stats show the highest growth from its live casino sector ever recorded. There was a 60% year-on-year increase with success in this area coming from across the globe. Jens von Bahr, CEO + Co-Founder of Evolution, wrote that the brand owes the success of the live dealer gaming sector’s rising demand to strong momentum built up over the course of 2020. He also mentioned that live studios in North America and Asia are key contributors to the firm’s overall growth figures. Currently, live dealer and RNG games operate under Evolution in 5 major continents: Europe, North America, Africa, Asia, and Latin America!

In particular, Evolution’s live dealer studios in the USA’s Pennsylvania and New Jersey states are operating within mini iGaming economies that break state revenue figures on a monthly basis! The latter mentioned state recently reported US$932 revenue in 2020!

6% Growth Via NetEnt Acquisition

Since Evolution acquired NetEnt, this side of the business has seen 6% growth figures compared to Q1 2020. CEO Jens von Bahr mentioned these numbers are a reasonably accurate comparison and in line with expectations; however, he also rightly suggests that the next 3 quarters of 2021 will be tough to compare because of the pandemic affecting figures for Q2, Q3, and Q4. Meanwhile, through the NetEnt and Red Tiger brands, fans have much to look forward to as Evolution will continue to push this side of the business forward with new and exciting games!

Evolution will mark its connection with NetEnt via its brand new Gonzo’s Quest live dealer game show title bringing the world of RNG slots, and the adventurer Gonzo of course, into the realms of live dealer gaming with what looks to be another exciting new casino title!

Further Growth Expected from Evolution’s RNG Sector With BTG Acquisition

Some of the most exciting news confirmed in the Evolution Q1 2021 revenue report is that CEO Jens von Bahr confirmed the inevitable acquisition of Big Time Gaming (BTG)—the inventor of the Megaways feature and an avid slot developer. When the deal is finalised, (we are assuming ‘if’ is not the case here), Evolution will become a major player in the online video slots industry as it will own the Megaways trademark under its BTG brand. All other software providers that use this technology will pay royalties to Evolution which firmly puts its RNG side of the business on the map in this iGaming niche segment!

Adding to all of this, this month Evolution celebrates 15 years since it officially opened its first live dealer studio in Riga, Latvia! In that time, the brand pioneered the way for the live casino industry. WAs live dealer game fanatics, we owe a debt of gratitude to Evolution for its consistent release of high quality live games, which has also pushed other brands to ensure quality over quantity is the best approach!

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