Evolution Raises Revenue in Q3 as Profit Slips Slightly

Game content provider Evolution has released its financial report for the third quarter of 2026. According to the report, the company's net revenue rose 3.7 percent to 526.1 million euros. Adjusted EBITDA increased 2.7 percent to 345.9 million euros, a margin of 65.8 percent.

On the other hand, third quarter profit came in at 243.3 million euros, below the 252.3 million euros recorded in the same period last year. Earnings per share, however, rose from 1.25 euros to 1.31 euros.

Looking at the nine-month figures, net revenue reached 1,557 million euros, up 0.3 percent. Over the same period, adjusted EBITDA declined 0.2 percent. Nine-month profit stood at 746.7 million euros.

The report notes that the third quarter was the first period since 2024 in which Evolution grew in all of its operating regions. Europe and Asia grew 0.4 percent and 0.8 percent respectively, while North America, Latin America and Africa recorded double-digit increases. The live game segment grew 2.6 percent and the RNG segment grew 10.1 percent.

CEO Martin Carlesund described the period as a quiet quarter with no significant obstacles. He also pointed to uncertainty in Brazil, saying that Evolution's studio there has been temporarily closed due to a regulatory change in the country and that the situation is being closely monitored.