Sweden · Delayed Price · Currency is SEK Evolution AB Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw revenues decline 1.5% year-on-year to EUR 513 million, with strong growth in North America and LATAM offsetting European regulatory headwinds. EBITDA margin remained robust at 65.4%, and major product launches are set for the second half of 2026.
Fiscal Year 2025
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Q4 2025 saw modest sequential growth but a year-on-year decline in revenue, with strong margins and cash flow. Regulatory headwinds in Europe and cybercrime in Asia weighed on results, while North America and Latin America hit record revenues. Over 110 new games, including major Hasbro titles, are planned for 2026.
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Q3 2025 saw a 2.4% revenue decline year-on-year, mainly due to Asia's volatility from cybercrime and regulatory issues, while Europe, North America, and Latin America showed growth or stability. EBITDA margin remained strong at 66.4%, and share buybacks continued.
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Q2 2025 saw modest revenue growth of 3.1% year-on-year, with EBITDA margin at 65.9%. Regulatory changes in Europe and cybercrime in Asia weighed on results, but new studios, exclusive licensing deals, and strong North American growth support a cautiously optimistic outlook for H2.
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Q1 2025 revenue grew 3.9% year-on-year to EUR 520.9 million, with EBITDA margin at 65.6% due to regulatory ring-fencing in Europe and cyber countermeasures in Asia. Studio expansion and product launches continue, and full-year margin guidance is maintained.
Fiscal Year 2024
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Q4 2024 saw strong revenue growth and robust performance in most regions, though Asia was impacted by cyberattacks. EBITDA margin guidance for 2025 is slightly lower due to Asia, resource mix, and regulatory focus, but long-term prospects remain positive. Dividend and share buybacks will return nearly all excess cash to shareholders.
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Q3 2024 delivered strong revenue and profit growth despite operational disruptions in Georgia and increased cyberattacks in Asia. Expansion continued with new studios, product launches, and improved RNG performance, while margins remained robust but slightly below initial guidance.
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Q2 2024 delivered 15% revenue growth and a 68% EBITDA margin, with strong expansion in regulated markets and new game launches. The period was impacted by a record EUR 35 million Crazy Time payout and increased costs from rapid hiring, but guidance for full-year margins remains unchanged.