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Evolution reported third-quarter 2026 net revenue of €526.1 million, up 3.7% year over year, and introduced a new US-focused slots brand, Spinning Whale. The quarterly increase contrasted with revenue growth of just 0.3% over the first nine months of the year.
The company’s January–September interim report also detailed new game launches and growth across all regions compared with the previous quarter. Its US-focused brand launch was one of several product developments reported alongside the financial results.
Quarterly Growth Outpaces Nine-Month Results
Evolution’s adjusted EBITDA, increased 2.7% to €345.9 million in the third quarter. Its adjusted EBITDA margin was 65.8%.
Quarterly profit totaled €243.3 million, with basic earnings per share of €1.31.
CEO Martin Carlesund said the regional results marked a change from recent quarters:
“For the first time since 2024, all regions reported quarter-on-quarter growth, while the group also reported year-on-year growth.”
Brazil Closure and Other Corporate Developments
After the reporting period, Evolution said its Brazil studio was temporarily closed following regulatory changes, pending clarification of the regulatory situation. The supplied details do not quantify the closure’s revenue impact or provide a reopening date.
Third-quarter operating expenses included a settlement fee with the UK Gambling Commission, plus termination and legal fees relating to the Galaxy Gaming acquisition.
Evolution also continued repurchasing shares under a program authorized for up to €2 billion. From May 19 through September 30, 2026, it acquired 16,925,584 shares for €1.127 billion.
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Source: As reported by Evolution.
