Evolution Gaming Group AB earnings date
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Evolution Gaming Group AB (EVVTY) Q3 2026 Earnings Report
EVVTY Q3 2026 EPS Results
- Actual EPS
- $1.45
- Consensus EPS
- $1.53
- Beat/Miss
- Missed by -$0.08
- One Year Ago EPS
- $1.45
EVVTY Q3 2026 Revenue Results
- Actual Revenue
- $605.32M
- Expected Revenue
- $595.83M
- Beat/Miss
- Beat by +$9.49M
- YoY Revenue Growth
- +2.14%
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 10/23/2026
- Time
- Before Open
- Conference Call
- Friday, October 23, 2026
Evolution Gaming Group AB's next earnings date is estimated for February 4, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
Q3 2026 Earnings Slide Deck
Q3 2026 Earnings Call Summary
The call was predominantly positive, with revenue returning to year-on-year growth, strong EBITDA margins, robust cash flow and cash conversion, growth in North America, LatAm and Africa, continued studio and product expansion, and maintained margin guidance. The main negative topics were the uncertain Brazilian ban and studio closure, Europe's year-on-year decline, ongoing cybercrime issues in Asia, higher personnel cost growth, and continuing litigation.
For the full year, the EBITDA margin target remains 66%, and margin guidance remains “in line with last year”; buybacks will continue through Q4 and Q1, “although at a somewhat lower pace than in Q3” and aligned more closely with cash generation, while the company aims to remain in a net cash position with no debt. Evolution expects to open a fourth studio in New Jersey during Q4, also serving Delaware, taking its U.S. footprint to 8 operative hubs, with a “good ramp-up in medium term”; Spinning Whale’s first game will be available in November, Game Night will launch “very soon,” and management expects a “spectacular road map” and a “spectacular year” in 2027. In Brazil, the company is ready to reopen the studio on short notice if the market reopens and is planning further expansion in Colombia and building momentum in Argentina with its 2 studios there.
- Positive Revenue and EBITDA PerformanceQ3 net revenues were EUR 526.1 million, up 3.7% year-on-year and 1.6% quarter-on-quarter. Adjusted EBITDA was EUR 345.9 million, with a 65.8% margin.
- EBITDA Margin Tracking Near Full-Year TargetYear-to-date EBITDA margin was 65.7%, continuing to track well against the full-year target of 66%.
- Growth Across All Regions Quarter-on-QuarterAll regions contributed to quarter-on-quarter growth for the first time since 2024. Management also described the margin as stable and cash flow as very strong.
- Live and RNG Portfolio GrowthLive revenue increased 1.3% quarter-on-quarter and 2.6% year-on-year. RNG delivered double-digit growth for the second consecutive quarter, increasing 10.1% year-on-year and 3.2% quarter-on-quarter.
- Record Revenues in North America, LatAm and AfricaEvolution achieved all-time-high revenues in North America, LatAm and Africa. North America grew 13.6% year-on-year, LatAm grew 23.1%, and Africa and other markets grew 23.7%.
- North American ExpansionNorth American growth was supported by continued strength in slots and improved RNG performance. Evolution is expanding Live capacity, opened its second studio in Michigan earlier in the year, and plans to open a fourth studio in New Jersey during Q4, serving Delaware as well. This would bring the company to 8 operative U.S. hubs.
- LatAm Expansion PlansLatAm revenue grew 23.1% year-on-year, excluding any effects from the Brazilian ban that began in early October. Evolution is planning further expansion in Colombia and building momentum in Argentina with 2 studios.
- Operational Network ExpansionHeadcount increased 8.1% year-on-year and 2.3% quarter-on-quarter. Evolution launched 1 additional studio during the quarter, its third studio launched in 2026 and its 27th studio worldwide.
- Higher Network ActivityThe game rounds index showed a steady increase over recent quarters and a noticeable jump in Q3, indicating increased activity across Evolution's network.
- Strong Cash Flow and Cash ConversionOperating cash flow after investments was EUR 334.1 million. Working capital contributed EUR 32.5 million, and rolling 12-month cash conversion reached 85%.
- Working Capital ImprovementsIncreased focus on accounts receivable delivered tangible results. Management said stricter invoicing and collection processes contributed to improvements during Q1, Q2 and Q3, while additional opportunities remain.
- Higher Earnings Per ShareReported EPS was EUR 1.29, up 2.4% from Q3 last year. Adjusted EPS, excluding nonrecurring items, improved approximately 7.5%, driven primarily by the reduction in shares outstanding from the share buyback program.
- Strong Financial Position and Continued BuybacksCash and cash equivalents were EUR 656.4 million at quarter-end, while equity was EUR 3.6 billion. Evolution had repurchased 16.9 million shares year-to-date, corresponding to EUR 1.1 million as stated on the call, and plans to continue buybacks through Q4 and Q1 at a somewhat lower pace aligned more closely with cash generation.
- Stable Investment Levels and Cost DisciplineTotal investments were EUR 32 million during the quarter, consistent with the stable trend of recent quarters. Management said the investment level is expected to remain more or less the same and emphasized continued optimization of the distribution and cost mix.
- New Game Releases and Product PipelineMonopoly Roll’em and Disco Balls launched in Live during Q3 and were described as having a very good start. Game Night, developed through the Hasbro partnership, is expected to launch soon with a large money wheel and 5 bonus games inspired by Hasbro classics.
- Localized RNG Strategy for North AmericaEvolution is introducing Spinning Whale, a new U.S.-focused RNG studio. Its first game is expected to be available in November and will be distributed through the one-stop shop to cater to North American player preferences.
- Future Product RoadmapManagement described the 2027 game roadmap as spectacular, with complex and large-scale games expected to be released in addition to products shown at ICE.
- AI Development InitiativesEvolution is working across the group to evaluate where AI can improve functionality and efficiency. AI dealers are being explored as a complement to Live games, rather than as a replacement for Live.
- Technical Progress in AsiaManagement said it is taking long-term technical steps to protect its products from cybercrime-related issues in Asia and is happy with the traction from those technical efforts.
- No Major Customer Price PressureManagement stated that it does not see any major price pressure or changes in the underlying take rates agreed with its main customers.
- Maintained Margin GuidanceDespite uncertainty in Brazil, management said full-year margin guidance remains unchanged and in line with last year.
- Net Cash Capital Allocation PolicyManagement reiterated that the company intends to remain in a net cash position as a standard, citing the desire to remain free to make needed investments and operate without debt.
EVVTY Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Feb 04, 2027 | 2026 (Q4) | 1.57- | 1.82 | ― | ― |
| Oct 23, 2026 | 2026 (Q3) | 1.531.45 | 1.45 | -0.48% (-0.01) | |
| Jul 17, 2026 | 2026 (Q2) | 1.481.45 | 1.41 | 2.76% (+0.04) | |
| Apr 22, 2026 | 2026 (Q1) | 1.481.48 | 1.41 | 4.75% (+0.07) | |
| Feb 05, 2026 | 2025 (Q4) | 1.511.82 | 1.91 | -4.87% (-0.09) | |
| Oct 23, 2025 | 2025 (Q3) | 1.551.45 | 1.7 | -14.34% (-0.24) | |
| Jul 17, 2025 | 2025 (Q2) | 1.441.41 | 1.39 | 1.43% (+0.02) | |
| Apr 30, 2025 | 2025 (Q1) | 1.471.41 | 1.36 | 3.91% (+0.05) | |
| Jan 30, 2025 | 2024 (Q4) | 1.401.91 | 1.42 | 34.53% (+0.49) | |
| Oct 24, 2024 | 2024 (Q3) | 1.421.70 | 1.33 | 27.64% (+0.37) |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
