Evolution Acquires Streaming Provider Livespins

Evolution has announced that it has signed an agreement to acquire B2B social streaming game provider Livespins.

Todd Haushalter, Evolution’s Chief Product Officer, commented:

Livespins CEO Chris Scicluna added:

“This is an unprecedented milestone for Livespins and we couldn’t be happier to be joining the Evolution Group. Although we have content from 40-plus studios already integrated, we are still in a start-up phase, so to attract the attention of Evolution is incredible. It’s also a reflection of all the hard work that our team has poured into this concept, and the unwavering belief that the Livespins product would revolutionise the industry.”

Strong Start to 2024

Earlier this month, the company announced strong growth across in its latest financial briefing.

The trading update for the fourth quarter of 2023 showed Evolution’s operating revenues reaching €475.3 million ($513.9 million), a 16.6% increase from the same period in 2022. EBITDA for Q4 2023 also saw a significant rise, growing by 20.5% to €337 million ($364.3 million) from €279.5 million ($302.2 million) in Q4 2022.

Evolution’s operating revenues for 2023 amounted to €1.8 billion ($1.94 billion), marking a 23.5% increase from €1.46 billion ($1.58 billion) in 2022. The company’s EBITDA for the full year improved by 25.7% to €1.3 billion ($1.41 billion), with operating profit growing by 25.8% to €1.14 billion ($1.23 billion). Profit for the year rose by 27% to €1.07 billion ($1.16 billion), continuing the company’s positive financial trajectory.

Olivia Richardson

Olivia has worked as an editor and writer for major brands across multiple niches. She now focuses on the iGaming and sports betting industries.