EVVTY - Evolution AB: This Company Never Fails To Surprise
2024-02-06 02:45:04 ET
Summary
- Evolution AB continues to have a strong competitive advantage and unparalleled profitability, with revenues and EBITDA steadily improving quarter after quarter.
- The company's live casino games, such as Crazy Time and Funky Time, are driving significant revenue growth, while the RNG segment is experiencing a decline.
- Europe and Asia are the most relevant regions in terms of revenues, but Asia has the highest YoY growth; the North American market shows potential for double-digit growth once more licenses are obtained.
The Swedish company that is the world leader in entertaining bettors through live casinos continues to surprise. In my last article on Evolution AB ( EVVTY ), I had detailed its business model and why I believed it was a great company. Months later, FY2023 results have been released and my investment thesis remains unchanged....
Evolution AB: This Company Never Fails To Surprise