Evolution Gaming Group AB (publ) Q2 2026 Earnings Recap

The 3.6% stock lift reflects investor approval of strong RNG growth and solid margin performance, offsetting modest declines in Live revenues and ongoing challenges in Asia.

Key Takeaways

• Net revenues declined 1.2% year-over-year to EUR 517.8 million but improved 0.9% sequentially.
• EBITDA margin remained healthy at 65.9%, in line with guidance, supporting robust cash flow.
• Live revenue fell 3.6% year-over-year, primarily due to weakness in Europe, while RNG revenue surged 14% year-over-year, driven by strong North American slot performance.
• Operational progress includes launching a second Michigan studio and relaunching a studio in Argentina to bolster regional growth.
• Asia continues to experience volatility related to cybercrime challenges, tempering performance despite growth in regulated markets like the Philippines.