Everything is still coming up roses over at Evolution, one of the leading names of live casino gaming.

The acclaimed game provider recently released its financial reports for the second quarter of 2024. The company is still experiencing immense growth, showing a revenue increase of more than 15% year-on-year.

Soaring Revenue

Evolution, often still called Evolution Gaming, revealed its financial results for the first half of 2024. The reports highlight a 15.9% increase in revenue compared to Q1 of 2023, swelling up to $553.3m. All in all, revenue for the first half of the fiscal year has reached the $1 billion mark, which is a big milestone in the company's storied history.

On the other hand, profit margins saw a slight decrease down to 52.9%, compared to last year's 59.9%. This likely has to do with the provider's increased pace of releasing new games. Rolling out new products (and a lot of them) likely resulted in this marginal decrease, though the actual total net earnings are also growing.

Profits reported are also up by 4.5% year-over-year for H1 2024 to €538.3m.

Evo Strides Forward

We can point at a lot of factors for this windfall at Evo, but it's overall not very surprising. The supplier is already widely regarded as the number one provider of live casino games and products in the industry, and its market share growth is showing no signs of slowing down. Earlier this year, Evolution introduced a new capital allocation framework and launched a new share repurchase programme. It is also pushing into the US market, which has been a long-standing goal for many giants of the gaming world.

As for us players, the supplier has also been on a heavy streak of innovative new releases. Some of the new Evolution game's we've seen hit the casinos in 2024 include:

More are coming, too, so remember to stay up to date with all new Evolution releases with our live casino game reviews.