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Evolution Gaming go from strength to strength

2017-02-17 16:35:46

The excellent Evolution Gaming achieved significant growth in 2016. The online gaming software developers specialise in providing top-class live casino games to many of the major online casinos.

For 2016, their full-year operating revenue amounted to €115.5 million ($122.9 million), up by 51% on the €76.4 million posted in the previous year.

Earnings before interest, tax, depreciation and amortisation (EBITDA) came in at €44.6 million, an increase of 44% on 2015, while profit for the 12 month period totalled €31.7 million.

The full-year results were boosted by an impressive showing by Evolution in the fourth quarter, during which operating revenues increased 53% year-on-year to €34.3 million.

Profit in the fourth quarter hiked from €6.9 million to €9 million, while EBITDA jumped 39% to €13 million.