contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


redeye-evolution-asia-visibility-remains-low

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

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.

Picked from X: player counts ATH, course at 5-year lows. I don’t know how reliable these player trackers are, but apparently player counts continue to grow. Additionally, Trump is considering removing taxation on gambling winnings. https://x.com/TomAlphaTrades/status/1999164658435887494?t=JYU0NAvXO1PRTwRLQCzFWA&s=19

New update TOP 10 owners as of November. Kenneth and Capital Group as the biggest additions. Otherwise no major changes.

Citigroup has downgraded Evolution from buy to neutral, setting a target price of 630 Swedish kronor, according to Bloomberg News (BN). STOCKHOLM (Nyhetsbyrån Direkt) Investment bank Citi sees changing competitive landscapes as a theme in its coverage of igaming in 2026 in the form of forecast markets. In a sector analysis, the bank points out Hacksaw as a sector favorite. According to Citi, Hacksaw has attractive growth prospects with limited risk from sweepstakes exposure. Evolution is simultaneously downgraded to neutral from buy with a target price of 630 kronor, which Nyhetsbyrån Direkt reported earlier on Tuesday. “Continued headwinds from cyberattacks in Asia make us more cautious about the visibility of Evo’s medium-term results as we lack a clear picture of when a solution might be in place,” the bank writes. Citigroup revised its rating from buy to neutral and subsequently lowered its target. Share repurchases continued                   Inderes              Acquisitions of own shares in Evolution AB (publ) - Inderes    Evolution AB (publ) ("Evolution") has, during the period 01 December - 05 December, acquired a total of 142,000 own shares within the framework of the repurchase programme introduced by the ...                              Evolution AB (publ) (“Evolution”) has, during the period 01 December - 05 December, acquired a total of 142,000 own shares within the framework of the repurchase programme introduced by the board of directors to improve the capital structure of Evolution by reducing the capital, and thereby creating added shareholder value. Following the above acquisitions, Evolution’s holding of own shares amounted to 5,102,409 as of 05 December 2025. The total number of shares in Evolution is 204,462,162.  Evolution already holds about 2.5% of the share capital through share repurchases.

I recall that in the Q2 earnings call, management predicted that Q3 would still be poor, but Q4 is expected to see growth. Your figures would support that forecast.

I have been following the tracker sent by @Porkku recently and have found that the player counts match the player counts provided by casino sites (excluding the Asian market, which I haven’t examined), and that player counts have permanently risen to a higher level since mid-October. The average player count has increased by approximately 10,000 players, and in Asia, there’s a clear jump from about five thousand players to 6-7.5 thousand players. However, the stock price isn’t gaining any momentum, even though the Q4 quarter is clearly better than previous quarters (I assume shorts are keeping the price down for now). Is this now the moment to sniff out a turnaround?

https://next.io/news/regulation/evolution-release-docs-in-black-cube-case/ the legal saga continues… The court rejected the disclosure of the agents’ identities and apparently granted the law firm access to Evolution’s internal investigation material. According to Evolution, there is nothing incriminating in the material (still, as a shareholder, I’m a bit nervous about what will be found there this time).

Here’s a YouTube video that explains the gentleman’s background and activities with these individual massive investments. The same operating model can be observed, for example, in British American Tobacco and Imperial Brands, i.e., share buybacks and capital returns, etc. Not immediately a quick-profit seeker destroying shareholder value, but rather a long-term anchor investor. I would guess some kind of merger at some point. Fattening up the pig for sale…

Evolution

Redeye updates on Evolution following Q4-results which were in with our forecasts. However, the margin guidance for 2025 was softer than expected owing to continued uncertainty in Asia and strengthene...

<div class="mfn-body"><p>Redeye updates on Evolution following Q4-results which were in with our forecasts. However, the margin guidance for 2025 was softer than expected owing to continued uncertainty in Asia and strengthened focus on regulatory issues. We have lowered our forecasts and valuation range.</p><p><a rel="noopener" href="https://www.redeye.se/research/1071270/evolution-asia-visibility-remains-low?utm_source=MFN&amp;amp;utm_medium=pmcour">Read more and download the Research Update.</a></p><p>Follow companies at Redeye to receive the latest equity research within Life Science and Technology.</p><p>This is a press release from Redeye - Research Powered Investment Banking. www.redeye.se/</p></div><div class="mfn-footer mfn-attachment mfn-attachment-general"><p><strong class="mfn-heading-1">Attachments</strong></p><hr><p><a rel="noopener" href="https://storage.mfn.se/c5d1c6e9-bebd-4544-9d7e-8b12603f6c06/evolution-asia-visibility-remains-low.pdf" class="mfn-generated mfn-primary">Evolution - Asia visibility remains low</a></p></div>