Evolution publishes January–September 2026 interim report: stable revenues and margin

Evolution AB published its interim report for January–September 2026 and reported net revenues of EUR 1.557,0 million in the first nine months and a net profit of EUR 746,7 million. In Q3 2026 the company recorded net revenues of EUR 526,1 million and adjusted EBITDA of EUR 345,9 million.

Key results for the period

For the third quarter of 2026 (compared with Q3 2025) the figures reported by Evolution are:

• Net revenues: EUR 526,1 million (EUR 507,1 million)

• Adjusted EBITDA: EUR 345,9 million (EUR 336,9 million), with a margin of 65,8% (66,4)

• Profit for the period: EUR 243,3 million (EUR 252,3)

• Earnings per share: EUR 1,31 (1,25)

For the accumulated January–September 2026 period (9M 2025 in parentheses) the company reported:

• Net revenues: EUR 1.557,0 million (EUR 1.552,3 million)

• Adjusted EBITDA: EUR 1.022,2 million (EUR 1.024,1 million), with a margin of 65,7% (66,0)

• Profit for the period: EUR 746,7 million (EUR 755,3)

• Earnings per share: EUR 3,85 (3,71)

CEO comments

"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," said Martin Carlesund, CEO of Evolution.

Carlesund noted it was the first time since 2024 that all regions reported quarter‑on‑quarter growth and that the group showed year‑on‑year growth. The two largest regions remained stable, with quarter‑on‑quarter growth of 0,4% in Europe and 0,8% in Asia. The rest of the world showed year‑on‑year dynamism: 13,6% in North America, 23,1% in LatAm and 23,7% in Africa. By product line, Live grew 2,6% year‑on‑year and RNG 10,1%.

Releases and product

During the quarter Evolution launched several titles: Monopoly Roll’em, Disco Balls and the US‑focused slot brand Spinning Whale. The CEO said the hit "Ice Fishing" will roll out in North America in Q4 and that another major title under the partnership with Hasbro, called Game Night, will launch before year end.

Brazil and LatAm operations

In early October Brazil’s regulatory framework was reversed following a presidential decision. Evolution describes the final outcome as uncertain and says its studio in Brazil is temporarily closed. The company estimates that, by player‑IP revenue split, Brazil represents "well below half" of LatAm revenues. Evolution says momentum in the rest of LatAm remains strong and will offset part of Brazil's impact; the company is closely monitoring developments and focusing on supporting employees and handling practical consequences on the ground. Part of that monitoring concerns compliance with regulators; Evolution reminds stakeholders that it is licensed and regulated by the Malta Gaming Authority under license MGA/B2B/187/2010 and holds licences in the UK, Belgium, Canada, Romania and South Africa, among other jurisdictions. [See our regulation](/regulation) coverage for context.

Investor presentation

Martin Carlesund and Joakim Andersson, CFO, will present the report and answer questions on Friday 23 October 2026 at 09:00 CEST by conference call; the presentation will be in English and can also be followed online. For additional queries the company cites CFO Joakim Andersson ([email protected]).

Evolution reminds that the information is published in accordance with the EU Market Abuse Regulation and that the filing took place on 23 October 2026 at 07:30 CEST.

About the company: Evolution AB (publ) develops, produces, markets and licences integrated B2B online casino solutions. Since its founding in 2006 the company has worked with 870 operators and employs approximately 23.400 people across studios in Europe, Asia, North and South America. The parent company is based in Sweden and is listed on Nasdaq Stockholm under the ticker EVO. Read more about their [casino](/casino) products and B2B offering.