Evolution AB (publ) Stock Analysis (April 2026)

Evolution AB (publ)

OM:EVO

kr 646,20

+ kr25,20 (4,06%)

646,20 kr

+kr25,20 (4,06%)

End-of-day quote: 04/24/2026

Evolution AB (publ) Stock Value

The current analyst rating for OM:EVO is Hold.

Hold

Evolution AB (publ) Company Info

EPS Growth 5Y

28,27%

Market Cap

kr128,74 B

Long-Term Debt

kr0,06 B

Quarterly earnings

04/22/2026

Dividend

kr0,00

Dividend Yield

0,00%

Founded

2006

Industry

Consumer Discretionary

Country

Sweden

Website

Evolution AB (publ)

ISIN Number

SE0012673267

Website

http://www.evolution.com

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

kr629,34

-2.61%

Last Update: 04/25/2026

Analysts: 16

Highest Price Target kr1.052,77

Average Price Target kr629,34

Lowest Price Target kr487,17

In the last five quarters, Evolution AB (publ)’s Price Target has fallen from kr1.775,29 to kr901,49 - a -49,22% decrease. Fourteen analysts predict that Evolution AB (publ)’s share price will fall in the coming year, reaching kr629,34. This would represent a decrease of -2,61%.

Top growth stocks in the consumer discretionary sector (5Y.)

What does Evolution AB (publ) do?

Evolution AB (publ) (Evolution) develops, produces, markets, and licenses fully integrated live casino and slots solutions to gaming operators. The company operates as a B2B supplier, primarily focusing on the online gaming industry. The company's unique live casino platform serves as a comprehensive solution, addressing all aspects necessary for gaming operators. A key feature includes live game presentations, where a game presenter or dealer interacts with players in real-time through a video...

Business Segments

The company operates across multiple business segments concentrated mainly on live casino solutions and slot game offerings.

Live Casino

This segment includes a variety of traditional table games such as poker, blackjack, and roulette, all streamed in real-time from production studios equipped with cutting-edge technology. This allows players to enjoy a seamless gaming experience akin to that of a brick-and-mortar casino from the comfort of their homes or on the go.

Slot Games

This segment emphasizes high-quality graphics, animated features, and immersive storytelling. Each title is designed with meticulous attention to detail, ensuring that players experience captivating gameplay that heightens user engagement. The company continually works on creating new and innovative slots, leveraging market trends and player feedback.

These gaming segments are underpinned by robust technological infrastructure. By maintaining high operational standards, Evolution ensures reliability and performance in its services, which is vital for customer satisfaction and retention. Furthermore, the close collaboration with operators enhances the company's ability to adapt its offerings to meet the specific needs of its clients, creating tailored solutions that drive mutual success.

Business Strategy

Evolution's business strategy is anchored in innovation, expansion, and customer engagement. The company remains committed to continuous research and development to create next-generation gaming products that captivate players and meet the evolving demands of the market. By investing in technology, Evolution aims to enhance its gaming offerings with better graphics, smoother functionality, and an overall improved user experience.

The company recognizes the importance of strategic partnerships with gaming operators as it aims to broaden its customer base globally. By strengthening these relationships, Evolution ensures the seamless delivery of its gaming solutions while leveraging operators' marketing capabilities to reach a broader audience. This strategy not only promotes business growth but also enhances brand recognition in competitive markets.

Moreover, Evolution focuses on regulatory compliance and responsible gaming practices as integral components of its strategy. By adhering to stringent gaming regulations across jurisdictions, the company creates a trustworthy environment for consumers and gaming partners alike. It prioritizes sustainability and ethical gaming, implementing measures in line with industry standards to foster long-term success.

The company proactively monitors market trends and adjusts its strategic focus as necessary. Keeping abreast of changes in gaming preferences, technological advancements, and regulatory developments allows Evolution to maintain its competitive edge.

Products and Services

The product offerings of Evolution are centered on live casino games and slot games, along with a distinctive live gaming platform that integrates various functionalities for gaming operators. In the live casino category, Evolution offers traditional games such as blackjack, roulette, baccarat, and poker, which are facilitated by professional dealers in real-time. Each game is streamed from state-of-the-art studios that offer a dynamic and immersive environment for players.

The company's slot games encompass a broad spectrum of themes and styles, each crafted to provide unique gaming experiences. These games employ advanced graphics, sound design, and innovative mechanics to engage players effectively. Many of the slot titles incorporate features like bonus rounds and free spins, enhancing the potential for player engagement and retention.

Evolution also specializes in mobile gaming solutions, ensuring that its games are optimized for play on smartphones and tablets. The quality of mobile gaming experiences is comparable to those available on desktop platforms, reflecting the company's commitment to user satisfaction across varied devices.

In addition to gaming products, the company delivers comprehensive backend solutions to gaming operators. These include game integration services, analytics tools for tracking player behavior, and marketing support aimed at promoting games effectively. Such backend solutions empower operators to manage their gaming portfolios efficiently and optimize player engagement.

Geographical Markets Served

Evolution operates in multiple geographical markets, with a significant presence in Europe and the USA.

Seasonality

Seasonal trends play a vital role in the operational dynamics of Evolution. The company observes fluctuations in gaming activity that correlate with calendar events, holidays, and seasonal festivities. These seasonal patterns can significantly impact player engagement and overall revenue generation. Understanding these trends, Evolution employs strategic marketing campaigns timed to capitalize on peak gaming seasons, resulting in heightened player activity and acquisition.

To prepare for seasonal demand, the company also ramps up its product offerings, often releasing new games or special promotions during peak periods to attract and retain players. This proactive approach helps maintain consistent revenue flow despite potential dips in off-peak seasons. By analyzing and responding to seasonal trends, Evolution ensures sustained engagement and profitability throughout the year.

Customers

Evolution serves a large and diverse client base within the gaming industry including several high-profile online casino operators and a variety of land-based casinos. The client categories include large-scale online casinos, sports betting companies, and operators specializing in niche gaming segments.

Sales and Marketing

The company's sales and marketing approach operates through a B2B model, emphasizing relationships with gaming operators worldwide. Evolution employs a multi-channel strategy to promote its offerings and engage with potential customers. Trade shows, online marketing, and direct sales form an integral part of its marketing efforts, allowing the company to showcase its innovative products and solutions to a global audience.

Furthermore, Evolution provides extensive support materials and resources to assist operators in effectively marketing its products. This includes comprehensive training, promotional content, and tailored marketing strategies that enable operators to maximize player acquisition and retention.

In terms of distribution, Evolution integrates its gaming offerings into operators' platforms, ensuring a seamless user experience across various devices. The company's commitment to ensuring smooth integration and availability of its games enhances operators' ability to engage users effectively.

History

Evolution AB (publ) formerly known as Evolution Gaming Group AB (publ) was founded in 2006. The company was incorporated in 2014.

Evolution AB (publ) Questions and Answers

Which sectors generate sales and which are the top 3 markets?

**Industry Revenue Breakdown:** - **Live Casino:** approx. 75% - **RNG (Random Number Generator) Games:** approx. 25% **TOP 3 Markets:** - **Europe:** approx. 50% - **Asia:** approx. 30% - **North America:** approx. 15% Evolution AB (publ) generates the majority of its revenue from the Live Casino...

At which locations are the company’s products manufactured?

**Production Sites:** Several locations in Europe and North America (as of 2023) Evolution AB (publ) is a leading provider of live casino services. The company mainly produces its products in specialized studios located in various countries. The main locations include Latvia, Malta, and Georgia. Th...

What strategy does Evolution AB (publ) pursue for future growth?

**Revenue Growth:** 20% (estimated for 2025 based on the latest available data from 2023) **Profit Growth:** 18% (estimated for 2025 based on the latest available data from 2023) Evolution AB pursues a strategy focused on expanding its product portfolio and geographical footprint. The company cont...

Which raw materials are imported and from which countries?

**Main materials:** Playing cards, roulette balls, table materials **Countries of origin:** USA, China, EU countries Evolution AB (publ) is a leading provider of live casino services and requires various materials for operating its studios. This includes playing cards, roulette balls, and specifi...

How strong is the company’s competitive advantage?

**Market Share:** 70% in the live casino segment (2024) **EBITDA Margin:** 68% (2024) Evolution AB (publ) has a significant competitive advantage in the live casino segment, reflected in an impressive market share of 70%. This dominance is supported by their advanced technology, a wide portfolio o...

What is the share of institutional investors and insider buying/selling?

**Institutional Investor Share:** Estimate around 60-70% (2025) **Insider Buys/Sells:** No specific data available for 2025 Evolution AB (publ) has traditionally had a high institutional investor share, which has ranged between 60% and 70% in recent years. This is typical for large publicly traded...

What percentage market share does Evolution AB (publ) have?

**Market share of Evolution AB:** 25% (estimated for 2025) **Main competitors and their market shares:** 1. **Evolution AB:** 25% 2. **Playtech:** 15% 3. **NetEnt:** 12% 4. **Microgaming:** 10% 5. **Scientific Games:** 8% 6. **IGT:** 7% 7. **Betsoft:** 5% 8. **Yggdrasil Gaming:** 4% 9. **Pragmatic...

Is Evolution AB (publ) stock currently a good investment?

**Revenue Growth:** 35% (2024) **EBITDA Margin:** 69% (2024) **Market Share in Europe:** 60% (2024) Evolution AB (publ) achieved an impressive revenue growth of 35% in 2024, driven by strong demand for its live casino products and expansion into new markets. The EBITDA margin of 69% demonstrate...

Does Evolution AB (publ) pay a dividend – and how reliable is the payout?

**Dividend Yield:** 1.5% (estimated for 2025) **Dividend History:** Regular payouts since 2018 Evolution AB (publ) is known for distributing dividends to its shareholders. The dividend yield for the year 2025 is estimated to be around 1.5%. The company has been consistently paying dividends since...

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Evolution AB (publ) Stock Value

Evolution AB (publ) Company Info

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the consumer discretionary sector (5Y.)

What does Evolution AB (publ) do?

Evolution AB (publ) Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

New support ticket

Explore

Evolution AB (publ) Stock Value

Evolution AB (publ) Company Info

Analyst Price Target The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the consumer discretionary sector (5Y.)

What does Evolution AB (publ) do?

Evolution AB (publ) Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.