Evolution AB (publ) (EVO) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to Evolution Q2 Report 2026 presentation. During the Q&A session, participants are able to ask questions by dialing pound key five on their telephone keypad. Now I will hand the conference over to the speakers, CEO Martin Carleson and CFO Joachim Andersen. Please go ahead. Thank you. Good morning, everyone. Welcome to the presentation of Evolution's Interim Report for the second quarter of 2026. My name is Martin Karlsson and I'm the CEO of Evolution. With me, I have our CFO Joakim Andersson. As always, I will start with some comments on our performance and then hand over to Joakim for a closer look at our financials. After that, I will conclude and then we will open up for questions. Next slide, please. So let's start with the highlights. Net revenues were Euro 517.8 million, corresponding to year-on-year decline of 1.2%, but a quarter-on-quarter increase of 0.9%. EBITDA came in at 341 million, corresponding to a margin of 65.9%. I'm overall happy with the results in the quarter. Revenue and EBITDA both move in the right direction. The margin is in line with our guidance and cash flow is strong. The volatility in Asia continues to disturb the overall picture, but we will continue to address the cybercrime challenges day by day, one quarter at a time, and I'm certain that we will eventually win. Europe saw recovery compared to the start of the year, with generally good progress across markets. Latin America continues its strong momentum, and North America also shows good growth. Live revenue improved with 0.6% compared to the first quarter, but declined 3.6% on a year-on-year basis, mostly related to Europe. At the same time, R&G revenue showed a strong 14% growth year-on-year, and it can be noted that the North American slots business performs well at the mo...