|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||168.59 - 171.50|
|52 Week Range||61.86 - 201.76|
|Beta (5Y Monthly)||1.07|
|PE Ratio (TTM)||77.83|
|Forward Dividend & Yield||0.82 (0.47%)|
|Ex-Dividend Date||Apr 19, 2021|
|1y Target Est||N/A|
Sweden's Evolution Gaming Group reported a 150% jump in first-quarter core earnings, beating market estimates, as the pandemic boosted demand for online casino games, particularly in Asia and the United States. Evolution Gaming, which develops and licenses casino games such as online slot machines and roulette games, said quarterly EBITDA rose to 160.1 million euros ($193.27 million) from 64.1 million a year ago, beating the mean forecast of 144.3 million euros, according to Refinitiv estimates. "The positive trend from 2020 continues in to the first quarter of 2021 where we see a good momentum both in terms of growth and profitability," Chief Executive Martin Carlesund said in a statement.
Also known as iGaming, this global industry generated an estimated $45 billion in revenue in 2019 and that figure is projected to hit $77 billion by 2026, a 7.9% compound annual growth rate (CAGR). Surprisingly, one big reason for this expected growth (especially in the United States) is the rise of live casinos online. Enter Evolution Gaming Group (OM: EVO).
Earnings news continues to come out, as interesting acquisitions take place in the technology space.