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Redburn Atlantic warns Evolution faces valuation risk from regulatory scrutiny

Business

Redburn Atlantic analysts argued that increased regulatory scrutiny of Evolution’s supply chain could put the supplier’s valuation at risk. Evolution rejected the report’s claim that it controls every operator offering its games, saying some sites use shared integrations without its technical involvement.

Investors may weigh the analysts’ concerns alongside Evolution’s response when assessing regulatory exposure.

End-of-day close Evolution (EVO), SEK, to 10 March 2025
Story date10 December 202410 March 2025

Latest reported results

Evolution Nasdaq Stockholm: EVO

Quarter ended 30 September 2026

Revenue
EUR 526.1m

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