Evolution Q3 2026 Net Revenues Rise 3.7 Percent With Growth Across All Regions

Evolution reported net revenues of EUR 526.1 million for Q3 2026. This marks a 3.7 percent year-on-year increase from EUR 507.1 million in Q3 2025. The B2B live casino and RNG supplier achieved growth across all operating regions for the first time since 2024.

Adjusted EBITDA increased 2.7 percent to EUR 345.9 million from EUR 336.9 million. The margin stood at 65.8 percent, down from 66.4 percent. Profit for the period totaled EUR 243.3 million versus EUR 252.3 million, with earnings per share at EUR 1.31 compared to EUR 1.25.

Nine-Month Totals Show Near-Flat Performance

Net revenues for the first nine months edged up 0.3 percent to EUR 1,557.0 million. Adjusted EBITDA declined 0.2 percent to EUR 1,022.2 million at a 65.7 percent margin. Profit reached EUR 746.7 million with earnings per share of EUR 3.85.

Regional Momentum Meets Brazil Regulatory Setback

Europe grew 0.4 percent quarter-on-quarter. Asia advanced 0.8 percent over the same period. Year-on-year gains stood at 13.6 percent in North America, 23.1 percent in Latin America and 23.7 percent in Africa. Live rose 2.6 percent while RNG increased 10.1 percent.

As reported by iGaming Future, Brazil’s president rolled back the regulatory framework in early October. Evolution closed its Brazilian studio temporarily. The supplier stated that Brazil accounts for well below half of Latin American revenues by player IP. Momentum elsewhere in the region will offset part of the impact.

CEO Martin Carlesund said: “All in all, I am pleased to state that this was an uneventful quarter with focus on core business and stable to good development across our markets. For the first time since 2024, all regions reported quarter-on-quarter growth, while the group also reported year-on-year growth.”

Carlesund added that the company remained focused on managing any short-term challenge while prioritising the entertainment and user experience, growth, cash flow and cost discipline. Evolution will launch Ice Fishing in North America in Q4 and a Hasbro partnership title Game Night before year-end. New releases in the quarter included Monopoly Roll’em, Disco Balls and the US-focused Spinning Whale.

Reporting: iGaming Future

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