Global iGaming giant Evolution released its Q2 2025 financial report, showing a 3.1% year-over-year increase in net revenue, but a decline in profit, indicating that its growth momentum is slowing. Despite the moderate revenue growth, profit dropped from last year's 269.1 million euros to 248.3 million euros, reflecting the increasing challenges in expanding into new markets.

CEO Martin Carlesund stated that although the overall performance met expectations, he is not satisfied with the current growth rate. He noted that the company is striving to accelerate progress and added, "On the operational level, we have achieved the goals set at the beginning of the year." The EBITDA for this quarter reached 345.3 million euros, and the company still adheres to the expected annual profit margin of 66-68%.

Revenue in the European market saw a decline, partly due to tighter regulations. The UK Gambling Commission previously found that some of Evolution's products were being used by black market operators, and the company has since blocked the relevant websites. Carlesund emphasized that excessive regulation could actually reduce the size of regulated markets and harm player protection.

Meanwhile, Evolution continues to expand into Asia and Latin America. Despite the pressure from cybercrime in Asia, the company established its first studio in the region in June and set up a new base in São Paulo, Brazil, demonstrating its ambition to expand in emerging markets. Carlesund remains optimistic about the future performance of these two markets.

It is worth mentioning that Evolution recently announced the launch of three new live dealer games in the third quarter and plans to launch 110 new products throughout the year to stimulate user growth. Additionally, the company has entered into a licensing agreement with Hasbro and entered the Rhode Island market in the United States, providing more support for its global expansion.