Evolution Gaming, considered to be the leading Live Gaming company in the industry, posted its trading update for the first quarter of 2022, showcasing an excellent start to the year.
Evolution posted corporate revenues of €327 million – an increase of 38% compared to the same period last year.
A breakdown of the numbers show:
- The Live Gaming division saw a 44% increase in revenue thanks to a growing demand for the group’s flagship products.
- The RNG division saw a 2% growth in sales to €62 million.
- Revenues from the Asian market nearly doubled from €53 million in Q1 2021 to €103 million in the first quarter of 2022.
- North America also proved to be a successful market, with a 36% increase in revenues to €37 million.
A Good Start to 2022
The group CEO for Evolution Gaming, Martin Carlesund said that 2022 started off very well for the company.
“The entertainment and excitement that Live games offer continues to drive new, as well as existing customers to our games,” he said. “RNG growth of 1.8% year on year pro-forma is in line with our expectations.”
“While structural efforts such as the One-Stop Shop and other cross-sales activities are important elements, at the end of the day the key for improved growth is developing great games for all players.”
“End-user satisfaction is always key and taking us there is not done overnight. The road to success will not be straight-lined but the focus and ambition is clear, and I’m convinced that we will reach our growth ambitions over time.