Evolution Gaming Group AB (publ) Q1 2026 Earnings Recap

Evolution delivered a resilient Q1 with EUR 513 million in revenue amid regional challenges, supported by growth in North and Latin America, and progress on strategic deployments and product launches.

Key Takeaways

• North America and LatAm achieved record-high revenues, with North America’s US dollar growth at ~21%, driven by new Monopoly-themed titles and studio expansions.
• Europe continued to decline due to regulatory headwinds and player channeling issues, despite launching a second Riga studio and implementing ring-fencing measures.
• Asia showed its second consecutive quarter of quarter-on-quarter growth, though cautiously optimistic amid ongoing regulatory and cybercrime mitigation efforts.
• The company expanded its studio footprint in Latvia, U.S., and Argentina, supporting its 2026 product roadmap and growth ambitions in regulated markets.
• Overall, Evolution remains focused on accelerating growth in the US and Latin America, with a strong pipeline of innovative launches planned for the remainder of 2026.