Evolution AB: Initiation of Coverage- A Tech Powerhouse Sets Stage for Global Domination With A Solid R&D Push!

Evolution Gaming Group AB reported mixed results for the first quarter of 2025, reflecting a combination of strategic challenges and developments that the company is navigating. The company’s net revenue for the quarter was EUR 520.9 million, marking a modest year-on-year growth of 3.9%. Meanwhile, EBITDA decreased by 1.1% compared to the same period last year, resulting in an EBITDA margin of 65.6%, slightly below the company’s full-year guidance of 66% to 68%.