Evolution, the world’s biggest provider of live casino software and content, has announced that it recorded impressive financial results in the 2021 fiscal year, increasing both profit and revenue.
The company’s total operating revenue for the twelve months of the 2021 fiscal year amounted to 1.07 billion euros, a figure which represents an increase of 90.6 percent over the 561.1 million euros recorded in the previous year.
Evolution revealed that the significant increase was mainly due to increased revenue from commissions received both from new and existing customers. The largest chunk of the revenue came from the live casino division, a segment which grew 54.5 percent to 839.2 million euros.
However, the company’s random number generator titles drove in revenue of 229.5 million euros, which represents a staggering increase of 1,189.3 percent compared to the previous fiscal year. That incredible increase is the result of Evolution’s acquisition of NetEnt in December 2020.