EarningsQ2 2026 Earnings Report
MX:EVON Q2 2026 EPS Results
Actual EPS$24.99
Consensus EPS$25.21
Beat/MissMissed by -$0.22
One Year Ago EPS$24.01
MX:EVON Q2 2026 Revenue Results
Actual Revenue$9.85B
Expected Revenue$10.26B
Beat/MissMissed by -$407.58M
YoY Revenue Growth-1.86%
Earnings Announcement Details
QuarterQ2 2026
Date07/17/2026
TimeBefore Open
Conference CallFriday, July 17, 2026
MX:EVON Upcoming Earnings
Evolution Gaming Group AB's next earnings date is estimated for October 23, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
No earnings call audio is available for this earnings event.
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented multiple clear positives: solid profitability (EBITDA EUR 341m, 65.9% margin), strong operating cash flow and balance sheet (EUR 258m operating cash flow, EUR 1.2bn cash), a return to double-digit RNG growth (+14% YoY), operational expansions and successful game launches, and an active EUR 2bn buyback program. Offsetting these are meaningful challenges: Asia volatility driven by cybercrime, a YoY revenue decline of 1.2%, live revenue down 3.6% YoY (notably in Europe), a regulatory settlement (GBP 4.75m), and uncertainty around the Galaxy Gaming transaction. On balance, management emphasizes disciplined cost control, margin guidance stability, and continued execution — and the number and impact of positive operational and financial metrics outweigh the listed headwinds.Company Guidance
Stable Revenue and Strong EBITDA
Net revenues of EUR 517.8 million (down 1.2% YoY but up 0.9% QoQ). EBITDA totaled EUR 341 million with an EBITDA margin of 65.9%, in line with guidance — management describes revenue and EBITDA as 'moving in the right direction.'
Robust Cash Flow and Profitability
Operating cash flow after investments of EUR 258 million for the quarter; last-12-month cash conversion at 86%. Profit for the period EUR 251.4 million and EPS after dilution EUR 1.27. Positive financial net of EUR 3.1 million and total cash of approximately EUR 1.2 billion on the balance sheet.
Ambitious Share Buyback and Capital Allocation
EUR 2 billion buyback program initiated; EUR 303 million used in the quarter to repurchase 5.1 million shares. Management views the program as a value-creating priority and buybacks will materially affect outstanding share count going forward.
RNG (Slots) Strong Double-Digit Growth
RNG revenue increased 14% YoY, returning to double-digit growth. North American slots business is performing well and contributed materially to the RNG strength.
Operational Momentum and Product Launches
Game rounds index showed an uptick and was described as an all-time high. Headcount increased 2.8% YoY (flat QoQ). Operational launches included a second Michigan studio, relaunch of an acquired Argentina studio, release of Hasbro titles (Monopoly Roulette and Monopoly Roll), and an upcoming Disco Balls release slated for Q3.
Regional Strength in the Americas and Africa
North America and Latin America achieved all-time high revenue in the quarter. Expanded market presence with Monopoly Live launches across multiple US states and entry into Alberta (Canada). Africa continues a positive trend and growing contribution.
Disciplined Cost Management and CapEx
Total operating expenses were EUR 220 million (up 1% YoY but down 0.2% QoQ), helping a slight QoQ margin expansion. Capital expenditures were EUR 34.7 million, stable as a share of revenue, indicating disciplined reinvestment.
Working Capital Improvements
Focused accounts receivable initiatives resulted in improved cash flow dynamics and contributed to the strong operating cash flow and 86% cash conversion over the last 12 months.
MX:EVON Earnings History
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.
Beat
Missed