Evolution Reports 3.1% Revenue Growth in Q2 2025
iGaming provider Evolution experienced a slowdown in growth due to proactive regulatory measures in Europe and cybersecurity challenges in Asia.
Key Financial Highlights for Evolution in Q2 2025
Evolution released its Q2 2025 results, showing a 3.1% increase in revenue year-over-year despite market challenges. Below are the main financial figures:
| Metric | Value | Change |
|---|---|---|
| Revenue | €524.3 million | +3.1% YoY, +0.6% QoQ |
| EBITDA | €345.3 million | Margin declined to 65.9% from 68.0% YoY |
| Net Profit | €248.3 million | -7.7% YoY |
| Live Casino Revenue | €453.7 million | +3.6% YoY |
| RNG Revenue | €70.6 million | +0.3% YoY |
Regional Revenue Trends
Revenue trends varied across regions due to external factors and regulation:
- Europe: Revenue declined to €180.2 million, impacted by proactive regulatory restrictions limiting growth;
- North America: Revenue increased to €74.0 million, up 22.9% year-over-year;
- Asia: Revenue rebounded to €209.1 million following successful efforts to combat cybercrime.
Impact of Regulation and Cybersecurity
The company faced new regulatory requirements in Europe, which slowed revenue growth. In Asia, addressing cybersecurity issues temporarily affected results but ultimately helped restore market position.
Key Developments and Outlook for 2025
Evolution took significant steps in 2025 to grow its business:
- Opened its first live studio in Asia, located in the Philippines;
- Signed an exclusive agreement with major company Hasbro;
- Maintained EBITDA margin guidance at 66-68%.
What Lies Ahead
The company plans to strengthen its presence in regulated markets and expand its product portfolio while maintaining cost control. The EBITDA margin forecast reflects confidence in stable financial performance.