Q3 2024 proved challenging for Evolution, as a strike at its studio in Georgia and cyberattacks in Asia took a toll on the supplier’s adjusted EBITDA margin.Evolution reported total operating revenue for Q3 2024 of €579m [$627m], up 27.9% year-on-year. Net revenue increased by 14.7% to €519.4m [$562
For the first time, Evolution CEO Martin Carlesund has spoken publicly about the strike at the supplier’s studio in Georgia, which has been ongoing for over three months.They say a picture is worth a thousand words — but for Evolution, one picture couldn’t tell the full story.On Evolution’s Q3 2024
Evolution Posts Strong Q3 Results Despite Challenges in Georgia, AsiaThe third quarter marked a challenging period for Evolution, the leading business-to-business (B2B) solution provider for casino operators across the globe. Despite challenges, the company reported strong operating revenues marking
LABOR, a union representing Evolution Georgia workers, has petitioned the Swedish Financial Supervisory Authority, Finansinspektionen, to review the gaming supplier’s public filings.In a separate letter, the union has warned Evolution’s shareholders that the company’s “adversarial treatment of emplo
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