Gaming supplier Evolution has reported a drop in revenue for the third quarter of 2025, mainly due to weaker performance in Asia. The company said revenue fell 2.4 percent compared to the same period last year. Chief Executive Officer Martin Carlesund admitted that growth this year has been disappointing and that the challenges in Asia continue to hurt the business.

Carlesund said Evolution is focused on long term improvement and will continue investing in product quality and security. However, he also accepted that the company has more work to do to get performance back on track in the months ahead.

Asia Struggles Weigh on Performance

Carlesund said the revenue drop was mostly caused by criminal activity and strict rules in Asia. Revenue in the region fell to 189.1 million euros, down 6.5 percent from last year. He explained that Evolution took strong steps to block illegal players and protect the platform, but this also affected real customers. The company is now trying to find the right balance. Too much security hurts business, but too little gives criminals an advantage.

He added that market problems in the Philippines and unclear rules in India also made things worse. However, other regions performed better. Europe returned to growth, North America continued to grow strongly, and Latin America improved as Brazil’s new gambling rules became more stable.

RNG Products Outperform Live Games

For the first time in the company’s history, Evolution’s Random Number Generator games grew faster than its Live Casino products. This improvement was helped by the strong performance of Nolimit City and the launch of 22 new RNG games in the quarter. Evolution also introduced a new brand called Sneaky Slots which sits between NetEnt and Nolimit City in terms of design and gameplay.

For Live Casino games, Evolution launched a new game called Ice Fishing. It is the company’s first fast paced game show and early results show promising engagement from players. Carlesund said Evolution will continue to invest in new content to support long term success.

Focus on Regulations and Legal Protection

Carlesund said Evolution must always operate with a compliance first approach. He stressed that following the law is essential to business growth. He used the United States as an example, where Evolution only offers sweepstakes products in places where rules are clear and regulators agree with the company’s interpretation. Regulated markets made up 46 percent of total revenue in the quarter.

The CEO also addressed a legal dispute linked to a 2021 intelligence report. Evolution has now confirmed that Playtech was behind the report. Carlesund promised to take action to protect the company’s brand and future.

He said Evolution will use all necessary resources to fight cyber criminals, solve operational challenges and defend itself in court when required.