Last updated - 2 weeks ago!

Evolution’s Q1 revenue doubles after NetEnt acquisition

Evolution’s Q1 revenue doubles after NetEnt acquisition

Published on by kirk

It is no surprise that 2020 was a record year for many in the online gambling industry. Perhaps more interesting is the continued success that some industry leaders are experiencing in 2021. After acquiring NetEnt in December 2020, Evolution announced its intention to maintain the momentum gained during the pandemic and keep it moving for the foreseeable future. True to its word, that is exactly what the company seems to be doing. According to Q1 2021 figures, Evolution has more than doubled its revenue.

NetEnt continues to fuel innovation and release industry classics

While the developer joined with Evolution in 2020, the company’s latest financial statements are the first to feature NetEnt’s figures in both the comparative accounts for 2020 as well as the Q1 2021 report. The result was a steep increase in both live dealer games as well as RNG titles. The former is listed at €183.6m while the latter came to €52.2m, bringing the total reported revenue to €235.8m.

Once operating expenses are removed, Evolution’s final profit was €132.0m. If that sounds like a low amount compared to the pre-operating costs total, don’t worry. The company saw its actual year-on-year profit rise by 143.6%.

More notable than the increase itself is the source from which much of it was gained. The company’s North American operating revenue rose by 204.2% in Q1 with the United Kingdom right behind with a 116.2% increase. Evolution has made it no secret that it intends to make an aggressive push for the North American market, and it certainly seems as though it is well on the way. The significant incline bodes well for the company’s future in the States as well as Canada.

Evolution is excited but unsurprised to see its efforts gain momentum. Martin Carlesund, Evolution’s chief executive, understands exactly from where the gains originate: “The positive trend from 2020 continues in to the first quarter of 2021 where we see a good momentum both in terms of growth and profitability.”

While some organisations might be willing to rest on their laurels, Evolution isn’t one of them. Carlesund continues: “We can already see good results from this work in the first quarter, and I believe that we are well-set to continue to capitalise on the growing interest in online casino worldwide.”

Top NetEnt Casinos

Last updated:

  1. Play now
    Exclusively at NetEnt Casino
    Exclusively at NetEnt Casino

    €2000 + 50 Free Spins

    T&C's Apply
  2. Play now
    18+. New players only. 1st Deposit offer is 100% up to €250 + 100 Bonus spins on Aloha Cluster Pays. One offer per player. Min Dep €10. Max bonus bet €5. Spins expire after 10 days, funds after 30 days. Bonus funds separate to Cash. Wager Req of 35x Deposit + Bonus apply. Play Responsibly. Full T&Cs apply. GamblingTherapy.org
  3. Play now
    Minimum deposit € 35. One bonus per person. 40x wagering requirement. Full terms apply.
  4. Play now
    Free Spins Before Deposit
    18+. Only new customers. 100% up to €/$100 Minimum deposit €/$10. 100 free spins on Book of Dead on deposit (20 per day for 5 days). 30x wagering requirement applies to deposits, bonuses and winnings from free spins. Play responsibly

Campeonbet Welcome Bonus

New Casinos

Last updated:

  1. Play now
    To receive a 100% welcome bonus of up to 100 EUR + 100 free spins a player should make the minimum deposit amount of 20 EUR without any other bonus code. Wagering requirements are 50x from the bonus. No maximum win cap on the cash part of the bonus. Free spins will be issued per 20 free spins daily, 5 days in a row. 18+. Gamble Responsibly.
  2. Play now
    For the first part of the bonus, eue the bonus code CB100 before placing a deposit. Min Deposit of €20, 100% up to a maximum of €100. 40x wagering requirement. The deposit bonus is valid for 5 days, starting from the date you receive it. 100 free spins are available on Book Of Dead (if this is not available in your region, you will receive 100 free spins on Gold Canyon). 20 free spins will be given per day within five days of the day you activated the bonus. Please note that spins must be activated within a day. The maximum bet amount when wagering is: EUR 1 / USD 1 / CAD 1,5 / NOK 10 / PLN 4 / NZD 1,5 / ZAR 16 / JPY 120. 18+. Gamble responsibly.
  3. Play now
    18+Gamble Responsibly. This casino match your first deposit. Max match bonus €/$/£150 or currency equivalent. 25x turnover on Deposit + Bonus.
  4. Play now
    18+. New Accounts Only. Varying Wagering Requirements Apply. Full terms apply for each individual offer. Gamble responsibly.
  5. Play now
    Min. Deposit €10. First Deposits Only. 35x Wagering Requirements.Full terms and conditions apply. 18+. BeGambleAware.org
  6. Play now
    Full T&Cs apply. New players only across two deposits. Cash rewards have 7 days from registration to opt-in from “My Promotions” page & each with 7 days wagering. Deposit £10, £25 or £50 & wager 75x. Only cash stakes on live games qualify & wagering contributions vary. 18+ BeGambleAware.org Full T&Cs.
  7. Play now
    18+. New Players Only. Promotion is for a cash reward once 35x wagering requirements are completed, plus 5 free spins on any chosen 2 deposits within one week of opening a new account. Once wagering requirement is met, you must claim your cash reward via the "My Promotions" section of the website. Full Terms Apply. Full T&Cs.
  8. Play now
    To receive 100%+100FS, min. deposit equals 50 EUR over two deposits. Free Spins will be able after 24 hours from the 1st deposit. 5 days - 20 FS each day. 18+. Full Terms Apply.
  9. Play now
    Gambling can be addictive. Play responsibly.

Wallacebet Welcome Bonus

✕︎
Register for 100+ free spins and more!

Register for 100+ free spins and more!

A valid email is required.

Invalid Email.

*This offer is not valid for residents of Great Britain.

*All emails include an unsubscribe link, where you can opt out any time.

Register for 100+ free spins and more!
Register for 100+ free spins and more!

Register for 100+ free spins and more!

A valid email is required.

Invalid Email.

*This offer is not valid for residents of Great Britain.

*All emails include an unsubscribe link, where you can opt out any time.