Q2 2025 Evolution AB (publ) Earnings Call Transcript
Key Points
- Evolution AB (EVVTY) reported a year-on-year revenue growth of 3.1%, reaching EUR524.3 million.
- The company maintained a strong EBITDA margin of 65.9%, aligning with their full-year guidance of 66% to 68%.
- North America showed robust growth with a 23% year-on-year increase in revenue, highlighting the region's potential.
- Evolution AB (EVVTY) signed a significant licensing agreement with Hasbro, expanding their game portfolio with iconic brands.
- The launch of new studios in the Philippines and Brazil marks a strategic expansion into regulated markets in Asia and Latin America.
- Revenue in Europe declined by 5% due to proactive ring-fencing measures, impacting short-term financial performance.
- The company faced ongoing challenges with cybercrime in Asia, although some progress has been made.
- RNG revenue growth was minimal at 0.3%, affected by a large payout during the quarter.
- Operating expenses grew by 10% year-over-year, outpacing revenue growth and impacting profitability.
- Currency headwinds negatively affected revenue growth, which would have been 8.8% without these impacts.
Welcome to the Evolution Q2 report 2025 Presentation. (Operator Instructions)
Now I will hand the conference over to the speaker's CEO, Martin Carlesund; and CFO, Joakim Andersson. Please go ahead.
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Thank you. Good morning, everyone, and welcome to the Presentation of Evolution's report for the second quarter 2025. My name is Martin Carlesund and I'm the CEO of Evolution, with me at our CFO, Joakim Andersson.
I will start with some comments on our performance as usual and then hand over to Joakim Andersson for a closer look at our financials. After that I will conclude with an outlook, and then we will open the call for questions.
Next slide, please. So, let's start with the financial and operational highlights in the quarter.
The two main operational themes for the first quarter continue to impact our financial results. Firstly, we continue to ring-fence the European markets in order to stay ahead of changes that we know
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