Evolution Q3 Revenue Rises 3.7% as CEO Slams Brazil Gambling Ban

Evolution (STO: EVO) reported a 3.7% increase in Q3 revenue to €526.1 million ($590 million), with CEO Martin Carlesund welcoming a return to stability despite the regulatory disruption in Brazil. Evolution's Q3 revenue rose 3.7%. (Image: Shutterstock) Adjusted EBITDA rose 2.7% to €345.9 million ($388 million), although the margin narrowed a little from 66.4% to 65.8%. Net profit fell 3.6% to €243.3 million ($273 million). “This was an uneventful quarter, which I believe is something good,” Carlesund told analysts on an earnings call on Friday (October 23).