Live dealer casino platform provider Evolution Gaming has released its year-end report for 2016.
For the fourth quarter of 2016, operating revenues increased to €34.3m compared to €22.4m in Q4 2015. Profit for the period was €9m, with earnings per share reaching €0.25.
For the full year of 2016, operating revenues increased by 51 per cent to €115.5m and EBITDA increased by 44 per cent to €44.6m. Profit for the period was €31.7m, with earnings per share reaching €0.88.
“2016 marked Evolution Gaming’s 10th year in business and I am happy to report that we wrapped up a very successful year with a strong quarter,” said chief executive officer Martin Carlesund. “Sales increased by 53 per cent compared with the fourth quarter of 2015. Adjusted for expenses related to the upcoming move to the main market, EBITDA amounted to €13.4m, corresponding to a margin of 39 per cent and an increase of 44 per cent compared to the fourth quarter of 2015.
“In addition to several new customers, existing customers are continuing to expand their offerings. This quarter, new dedicated environments were launched for 888, Virgin Games and bwin, among others.”