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Evolution

532.20 SEK

-1.11 %

2,711 following

EVO

NASDAQ Stockholm

Consumer Services

Consumer Goods & Services

-1.11 %
-9.83 %
-15.50 %
-15.42 %
-38.13 %
-35.68 %
-59.59 %
-50.63 %
+2,864.90 %

Evolution operates in the gaming industry and focuses on the development and delivery of live casino solutions for online gaming companies. The company's platforms offer realistic gaming experiences with live dealers. The business is global with the largest presence in Europe, North America and Asia. Evolution was founded in 2006 and is headquartered in Stockholm, Sweden.

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Market cap
108.81B SEK
Turnover
356.75M SEK
Revenue
22.32B
EBIT %
60.84 %
P/E
9.4
Dividend yield-%
-
Revenue and EBIT-%

Revenue B

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
22.4
2026

Interim report Q1'26

24.4
2026

General meeting '26

17.7
2026

Interim report Q2'26

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FOX 17 West Michigan News (WXMI) – 5 Feb 26 Online casino company bringing 300+ jobs to Grand Rapids Betting has become big business in the U.S. Now a service that runs the live games played by millions online is expanding to Grand Rapids, bringing hundreds of jobs to the neighborhood...
yesterday
by Bear of the nasdaq
24
Hmm. I don’t know if I can give a particularly exhaustive answer to this, but I’ll hammer the keyboard a bit just to pass the time. ESG pressures set by the big wigs might deter people from investing in Evolution? Funds and institutions pulling out due to reputational damage might...
2/13/2026, 4:32 PM
by Geralt Bergstein
23
Hacksaw doesn’t have its own thread, so I’ll post the main highlights of a competitor’s latest report here. EBIT +28% y-o-y ~8% dividend yield on offer 10% of the share capital to be removed via buybacks storage.mfn.se year-end-report-2025.pdf
2/17/2026, 6:42 AM
by poutapilviä
18
Valid point, thanks for the comment! Let’s also add some charts from Börsdata regarding Hacksaw’s valuation. If EV/EBIT is ~ 8-9 and P/FCF is ~ 10, and growth is +20% per year, it’s hard to see the share price dropping much further from here. Disclaimer: I have a small position myself...
2/17/2026, 7:13 AM
by poutapilviä
14
Updated view from Redeye. It seems to be behind a paywall, but the PDF can be downloaded from the right side of the page: redeye.se Evolution (Q4 Review): Asia and Europe continue to hold back growth Redeye updates on Evolution post Q4-results which were close to our forecasts while...
2/13/2026, 6:43 PM
by Rellibs
11
I’ve been following Hacksaw from the sidelines since the listing. It looked just like Evo in the sense that the numbers look good, but the share price just keeps falling. The listing took place in June at 25 and since then it has dropped 25%, and the share price is very close to ...
2/17/2026, 6:55 AM
by Odetus
10
Regulatory risks, Asian hackers + the industry simply isn’t allowed higher multiples than these P/E 8 or so. But in practice, the market is pricing in that the growth is over. In my opinion, the market is badly mistaken; new markets are opening up, online gaming is growing at a 10...
2/17/2026, 6:19 PM
by Gordon Gekko
8
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