Podcast on In-depth Business Talks, Speedwell Research

The Synopsis

Podcast on In-depth Business Talks

Speedwell Research

Speedwell Research spends hundreds of hours researching public businesses each month and in "The Synopsis" they share their key learnings. Most business podcasts are superficial and assume their listeners are unsophisticated. In contrast, The Synopsis trusts listeners are interested in learning about complex, industry-specific issues, so long as they are explained clearly. We cover businesses from inception to current day, coupling business analysis and an investors lens. Start listening today to become a better analyst and investor.

Equity Bottom-Up

<ul><li>Playtech was revealed to be funding negative research against Evolution, impacting their credibility</li><li>Evolution saw a 7% drop in stock after announcing continued revenue decline, particularly in Asia</li><li>Investor expectations for Evolution have shifted from growth stock to deep value territory due to stock performance and revenue contraction</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Playtech was revealed to be funding negative research against Evolution, impacting their credibilityEvolution saw a 7% drop in stock after announcing continued revenue decline, particularly in AsiaInvestor expectations for Evolution have shifted from growth stock to deep value territory due to stock performance and revenue contractionThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Dialogue. Evolution 3Q25, Negative Revenue Growth, More Asia Issues

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

<ul>
<li>Evolution Gaming Group, a prominent player in the online gaming industry, presented its Q2 2025 financial results showcasing a stable yet challenging period.</li>
<li>The company's strategic focus on regulatory compliance and combating cybercrime has both positive and negative impacts on its financial performance, revealing a nuanced picture for investors.</li>
<li>Positively, Evolution Gaming remains a dominant force with a steady revenue increase, reporting EUR 524.3 million for the quarter, a year-on-year growth of 3.1%.</li>
</ul>


Evolution Gaming Group, a prominent player in the online gaming industry, presented its Q2 2025 financial results showcasing a stable yet challenging period.
The company's strategic focus on regulatory compliance and combating cybercrime has both positive and negative impacts on its financial performance, revealing a nuanced picture for investors.
Positively, Evolution Gaming remains a dominant force with a steady revenue increase, reporting EUR 524.3 million for the quarter, a year-on-year growth of 3.1%.


Evolution AB’s 110-Game Blitz: Can This Explosive Expansion Redefine the Future of Online Gaming?

<ul><li>Evolution reported 2Q25 earnings, with stock up 7% on the day</li><li>Live casino revenue up 4%, RNG flat with potential for growth</li><li>Expansion of partnership with Hasbro for Monopoly IP in North America, positive outlook in the market</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Evolution reported 2Q25 earnings, with stock up 7% on the dayLive casino revenue up 4%, RNG flat with potential for growthExpansion of partnership with Hasbro for Monopoly IP in North America, positive outlook in the marketThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Dialogue. Evolution 2Q25 Business Update, Black Markets, UK Investigation, Asia Cyber Attacks

<ul>
<li>Evolution Gaming Group AB reported mixed results for the first quarter of 2025, reflecting a combination of strategic challenges and developments that the company is navigating.</li>
<li>The company's net revenue for the quarter was EUR 520.9 million, marking a modest year-on-year growth of 3.9%.</li>
<li>Meanwhile, EBITDA decreased by 1.1% compared to the same period last year, resulting in an EBITDA margin of 65.6%, slightly below the company's full-year guidance of 66% to 68%.</li>
</ul>


Evolution Gaming Group AB reported mixed results for the first quarter of 2025, reflecting a combination of strategic challenges and developments that the company is navigating.
The company's net revenue for the quarter was EUR 520.9 million, marking a modest year-on-year growth of 3.9%.
Meanwhile, EBITDA decreased by 1.1% compared to the same period last year, resulting in an EBITDA margin of 65.6%, slightly below the company's full-year guidance of 66% to 68%.


Evolution AB- A Tech Powerhouse Sets Stage for Global Domination With A Solid R&D Push!

Covering IPOs, Healthcare and Technology Stocks

Andrei Zakharov

Equity Capital Markets

<ul>
<li>Games Global, a promising iGaming content provider and B2B online gaming supplier, set terms for its U.S. IPO. The IPO price is expected to be between $16 and $19/share.</li>
<li>With the most recent F-1/A, the company may raise ~$114M at the high end of the range at $19/share. Zinnia Limited sells additional 8.5M shares in this offering.   </li>
<li>Games Global has created an impressive portfolios of iGaming content through a series of successful acquisitions, and I see upside potential vs. IPO price of $17.50 at the midpoint.</li>
</ul>


Games Global, a promising iGaming content provider and B2B online gaming supplier, set terms for its U.S. IPO. The IPO price is expected to be between $16 and $19/share.
With the most recent F-1/A, the company may raise ~$114M at the high end of the range at $19/share. Zinnia Limited sells additional 8.5M shares in this offering.   
Games Global has created an impressive portfolios of iGaming content through a series of successful acquisitions, and I see upside potential vs. IPO price of $17.50 at the midpoint.


Games Global IPO: Strong Profitability and Impressive Portfolios of IGaming Content

Sweden

Evolution AB operates as a gaming company. The Company develops, produces, markets and licenses fully integrated B2B live casino solutions to online casino operators. Evolution serves customers worldwide.

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Evolution (EVO SS)

Dialogue. Evolution 3Q25, Negative Revenue Growth, More Asia Issues

Overall, Playtech's funding of research discrediting negative claims against Evolution has led to a 7% stock drop, with declining revenue growth...

The Synopsis

Evolution AB’s 110-Game Blitz: Can This Explosive Expansion Redefine the Future of Online Gaming?

Evolution Gaming Group, a prominent player in the online gaming industry, presented its Q2 2025 financial results showcasing a stable yet...

Baptista Research

Dialogue. Evolution 2Q25 Business Update, Black Markets, UK Investigation, Asia Cyber Attacks

In summary, Evolution's 2Q25 earnings report showed positive growth in revenue, particularly in the live casino segment, despite challenges like...

The Synopsis

Evolution AB- A Tech Powerhouse Sets Stage for Global Domination With A Solid R&D Push!

Evolution Gaming Group AB reported mixed results for the first quarter of 2025, reflecting a combination of strategic challenges and developments...

Baptista Research

Games Global IPO: Strong Profitability and Impressive Portfolios of IGaming Content

The Isle of Man-based Games Global targets ~$2B IPO valuation. I like the company’s strong profitability/cash flow profile and see upside potential...

Andrei Zakharov

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