Evolution AB (publ) (EVO) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the Evolution Q3 Report 2025 presentation. During the questions and answers 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. Good morning, everyone. Welcome to the presentation of Evolution's report for the third quarter. of 2025. My name is Martin Karlsson and I'm the CEO of Evolution with me our CFO Joakim Andersson. As always we will start with some comments on our performance in the quarter and then I will hand over to Joakim for a closer look at our financials. After that I will conclude with an outlook and then we will open up for your questions. Next slide please. So let's start with the financial and operational highlights in the quarter. And I would like to start by taking the bull by the horns and address the bad performance in Asia. This has been a recurring theme over the past quarters, but unfortunately this time it looks a bit worse. We were, as you remember, very cautiously optimistic about the reminder of the year in the last report. And there is really nothing that doesn't say the Q4 could be better. However, we are experiencing a lot of volatility, which makes the near-term performance hard to predict. At this stage, we want to be realistic and keep expectations low. So what are the main reasons behind the Asian development? First, it's the cybercrime activity that continues to hurt us. Every day and around the clock, we do everything that we can to mitigate the issues. However, some measures do impact also the end users, and this is what makes it tricky. At the point in time within the quarter, we did too much, causing loss in revenue. On the other hand, if we do too litt...