Evolution’s North American revenue rose 13.6% year on year in the third quarter, as the supplier reported €84.3 million in revenue from players in the region, measured by IP address. That compared with €74.2 million a year earlier.
Group net revenue reached €526.1 million for the three months to September, a 3.7% increase from €507.1 million in the same quarter of 2025. Adjusted EBITDA rose 2.7% to €345.9 million, producing a 65.8% margin.
The company published its interim report on Oct. 23. Profit for the period was €243.3 million, while earnings per share were €1.31. GamblingNews reported that profit had fallen from €252.3 million a year earlier, while earnings per share rose from €1.25.
The quarter was the first since 2024 in which Evolution grew across all of its operating regions on a quarter-on-quarter basis. Europe grew 0.4% from the preceding quarter and Asia grew 0.8%.
North America was not the fastest-growing region on the company’s year-on-year measure. Latin American revenue increased 23.1% and African revenue 23.7%, alongside North America’s 13.6% rise. The differing time comparisons mean those regional rates are not directly comparable with the quarter-on-quarter figures for Europe and Asia.
Evolution’s RNG segment grew 10.1% year on year, ahead of the 2.6% increase in its Live segment. Chief executive Martin Carlesund said slots remained the dominant game type and that the company’s RNG portfolio was performing better, while Live was gradually finding its audience.
The company introduced Spinning Whale, a slots brand focused primarily on North America, during the quarter. Its first game was 888 Dragon’s Fortune Hold’n’Win, an Asian-themed slot inspired by classic land-based games. Evolution also became the exclusive live-dealer provider for Boyd Interactive’s North American online casino brands under a multi-year amendment to their partnership.
For the first nine months of 2026, net revenue was €1.56 billion, up 0.3% year on year. Adjusted EBITDA over that period was €1.02 billion, down 0.2%.
Evolution planned to roll out Ice Fishing in North America during the fourth quarter and to open a fourth U.S. studio in New Jersey, which will also serve Delaware. Spinning Whale’s wider North American network launch is planned for November, with further titles planned for 2027.
