Evolution — report for Q3 and the period from January to September 2023
Q3 results (3 quarters of 2023):
1. Operating revenue — +19.6% (452.6M EUR);
2. EBITDA — +22.1% (318.6M EUR);
3. Net profit for the period amounted to EUR 272.8M (Q2 — EUR 221.3M).
Results from January to September 2023:
1. Operating income +26.1% (1.3B EUR);
2. EBITDA +27.6% (930.5B EUR);
3. Net profit — EUR 788M (similar period last year EUR 619.9M).
Evolution shows, maybe not spectacular, but quite stable results. The CEO of the company claims that in Q3 the company released more games than ever. At the same time, the most confident growth is shown by Live products. Also, according to him, the US online gambling market is still at an early stage of development, and the company will continue to invest a significant amount of funds in it in order to occupy a leading position there in a few years.
I have question - how do they make that much money if their games are fair?
Their profit per month is 73.7666667M, le'ts imagine this is 20% of total comission...And it's shocking. Don't they suppose to have negative months, or years? Like operators have?
I mean, all of this videos of their rigged game shows, blackjacks...I'm about to think that all of them are true