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Following today's results Evolution now has a trailing twelve-month P/E of 94. Looking at Evolution on a Price/EBITDA basis tends to make the company's valuation additional lucrative with a ratio of 79 - nonetheless highly-priced even though. Evolution Gaming shares leaped 14% in Tuesday trading as the enterprise delivered another quarter of massive YoY growth in each the best and bottom lines. The industry keeps growing its expectations of the corporation and the B2B provider keeps outperforming expectations.
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Increases in our volume is partly mainly because we have been able to create total new games that have attracted completely new groups of players. Evolution develops, produces, markets and licenses fully-integrated Live Casino solutions to gaming operators. Considering the fact that its inception in 2006, Evolution has developed into a leading B2B provider with much more than 300 operators as consumers. Revenues enhanced by 31.5 percent to EUR 429.6 million in the very first quarter, with 83.8 percent of revenues deriving from live casino games and the rest from RNG. Live casino grew strongly with 36.1 percent compared to final year and revenues amounted to EUR 360.1 million. We continue to see a powerful demand each from existing and new clients and fantastic momentum from new games.