Live-dealer online gaming technology supplier Evolution Gaming announced record results for the fourth quarter and for the full fiscal 2015. The company reported that fourth-quarter profit was up 81 percent over the previous year, to €7.5 million, on revenues that were up 62 percent, to €22.4 million.
For 2015 as a whole, Evolution’s revenue was up 55 percent to €75.2 million while adjusted operating profit soared nearly 82 percent to €25.1 million, as margins gained five points to 33 percent. According to the company, mobile was a key driver of growth, with Q4 mobile revenue rising one-third from Q3, now accounting for 32 percent of operators’ overall live dealer revenue.
Evolution’s operating expenses were also up sharply as the company’s payroll swelled to 1,922 employees as of December 31, up from 1,278 at the end of 2014. This month saw Evolution complete the acquisition of the building that houses its Riga live dealer studios, a deal the company felt necessary to ensure it had sufficient room for further expansion.
Since the new year began, Evolution has bolstered its client roster via an exclusive multi-year deal to provide Texas Hold ‘em Deal for Scientific Games, with the launch expected for sometime this summer. The company announced its intention to apply for a listing on the main Nasdaq Stockholm exchange this year.
