Latest Evolution News & Updates

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Evolution

B2B live casino, slots, and gaming technology provider

evolution.com

Headquarters: Birkirkara, Malta
Founded year: 2006
Company type: Public company
Number of employees: 10,000+
Industry: Online Services

Last updated October 23

Latest news about Evolution

In short: Evolution reported Q3 growth, repurchased shares, launched games, and recommended rejecting Candle Lake's takeover bid.

Company announcements

October 23 Evolution

Evolution reports Q3 net revenue growth of 3.7%

Adjusted EBITDA rises to EUR 345.9 million with a 65.8% margin. CEO highlights regional growth and new game launches despite Brazilian regulatory uncertainty.

August 24 Evolution

Evolution advises shareholders to decline Candle Lake's mandatory takeover bid

The board considers the offer undervalues the company and expects no operational or management changes after a potential transaction.

August 13 Evolution

Evolution recommends shareholders reject Candle Lake's mandatory public cash offer

Candle Lake triggered the requirement after acquiring a thirty percent stake. The board explicitly advised against accepting the transaction during the specified period.

July 21 Evolution

Evolution terminates merger agreement with Galaxy Gaming

Evolution will pay a termination fee of USD 5,234,678 and expects to continue its commercial relationship with Galaxy Gaming.

Media coverage

October 22 Dagens industri

Evolution increases turnover and profitability but closes Brazilian studio

Live casino provider Evolution reported quarterly results in line with expectations, while a temporary closure of a studio in Brazil was reported.

October 22 Seeking Alpha

Evolution Q3 profit falls despite revenue growth (EVVTY:OTCMKTS)

Evolution Q3 earnings: EPS rose to €1.31 as revenue grew 3.7% and North America strengthened.

September 25 Realtid

Brazil bans online betting and Swedish betting companies lose on the stock exchange

The Brazilian ban on online betting negatively affects Swedish companies such as Kambi, Betsson and Evolution on the Stockholm Stock Exchange.

September 18 Yahoo Finance

Evolution (OM:EVO) Offer Has Become Unconditional

Evolution (OM:EVO) confirmed that Candle Lake Limited's public offer is now unconditional following the completion of the acceptance period. The bidder is set to begin...

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