Nice write up! The margin pressure I dont see as bad, as the tax hike was known and expected, so in my opinion it is just the higher operational costs which were not expected and this is purely linked to expected growth.
Players can deposit and play with local currencies from which EVO's USD or EUR billings are derived. So, although all their billings (and hence sales) are in USD/EUR/etc, EVO's revenue growth is exposed to local currencies that players wager on.
yeah i think your chart on where growth comes from nailed it. if Asia continues to grow at this pace then regulated revenue continues to fall as a % and invetors don't like that. but honestly its just a matter of time before brazil/more US states come on line.
Nice write up! The margin pressure I dont see as bad, as the tax hike was known and expected, so in my opinion it is just the higher operational costs which were not expected and this is purely linked to expected growth.
Any idea why they provide 24/25% constant currency growth?
Doesn’t seem correct because they say they get paid in USD, EUR, CAD & GBP.
24/25% would be the growth rate we’re looking for.
Players can deposit and play with local currencies from which EVO's USD or EUR billings are derived. So, although all their billings (and hence sales) are in USD/EUR/etc, EVO's revenue growth is exposed to local currencies that players wager on.
Company explained it in its Q3 earnings: https://www.dontdistribute.com/i/138309480/currency-effect
Thanks for the information!
Steady ship!
yeah i think your chart on where growth comes from nailed it. if Asia continues to grow at this pace then regulated revenue continues to fall as a % and invetors don't like that. but honestly its just a matter of time before brazil/more US states come on line.
Also that RNG chart looks so sad :( haha
Enjoy AGM - what will you ask them?
Really well written
Thanks Ali for the update 🙏 Have fun at the AGM 🥳
Great review of quarter like this, thank you. Evo looks cheap (again)