Evolution returns to revenue growth in Q3 2026 after four-quarter decline

Evolution returned to year-on-year revenue growth in the third quarter of 2026, with net revenues up 3.7% to €526.1 million. Revenue had fallen year on year in each of the previous four quarters, by 2.4%, 3.7%, 1.5%, and 1.2%, before growth resumed in the third quarter.

Net profit fell 3.6% to €243.3 million in a quarter that included €12.1 million in one-off costs. The Stockholm-listed live casino supplier paid a €5.6 million settlement fee to the UK Gambling Commission, equal to £4.75 million, announced in July. Evolution also paid €6.5 million in termination and legal fees after ending its merger agreement with Galaxy Gaming in July, including a $5.2 million termination fee.

Revenue by product and region

Live casino revenue rose 2.6% to €443.0 million in Q3 2026. RNG revenue increased 10.1% to €83.1 million.

By customer location, LatAm revenue grew 39.3% to €76.6 million in Q3 2026. Asia revenue increased 42.5% to €19.1 million. North America revenue grew 11.0% to €81.0 million. Europe revenue fell 6.0% to €336.3 million.

Mobile devices generated 77.0% of operators’ gross gaming revenue through Evolution’s platform, up from 74.0% a year earlier. Regulated markets accounted for 49% of revenue by player IP, up from 46% a year earlier.

Brazil studio closure and share buybacks

Evolution closed its Brazilian studio on 5 October after the country banned licensed betting. Brazil’s ban on fixed-odds betting and online casino games was signed on 25 September, with licensed sites going offline from 6 October.

The company spent €823.9 million on share buybacks in the third quarter. Under the €2 billion buyback programme announced on 18 May, Evolution had bought 16,925,584 shares for €1,127.1 million by 30 September. Cash and cash equivalents stood at €656.4 million.

For the first nine months of 2026, net revenues rose 0.3% to €1,557.0 million. Operating profit fell 2.8% to €880.7 million.

Evolution launched Monopoly Roll’em and Disco Balls in Q3 2026 and introduced Spinning Whale, a slots brand focused on the US.