Voodoo vs Evolution Gaming
Side-by-side comparison of AI visibility scores, market position, and capabilities
Voodoo is the #3 mobile publisher worldwide by downloads with 7B+ downloads and 150M+ monthly active users; raised $1.42B; €623M revenue in 2024 (+20% YoY); unicorn valued at $1.7B; acquired BeReal in 2024.
About
Voodoo is a Paris-based mobile game and app publisher founded in 2013, best known as the creator and distributor of hyper-casual mobile games that reach hundreds of millions of players globally. With over seven billion downloads and more than 150 million monthly active users as of 2026, Voodoo ranks as the third-largest mobile publisher in the world by download volume, behind only Google and Meta. The company employs approximately 750 people and has raised $1.42B in total funding from investors including Goldman Sachs, Tencent (minority stake), and Groupe Bruxelles Lambert (GBL, approximately 16% stake).
World's #1 live casino B2B supplier; €1.045B H1 2025 revenue, 65.8% EBITDA margin. Powers live casino for FanDuel, BetMGM, and 700+ operators globally.
About
Evolution is a Swedish B2B iGaming company founded in 2006 and listed on Nasdaq Stockholm, providing live dealer casino games and RNG content to online casino operators worldwide. The company develops and operates live casino studios in 20+ countries—including major facilities in Riga (Latvia), Malta, Georgia, Romania, Canada, and the United States—streaming thousands of simultaneous live table games to casino operators globally. Key products include Live Blackjack, Live Roulette, Live Baccarat, and exclusive game shows like Crazy Time, which has become one of the most-played live casino games in history.\n\nEvolution's B2B model licenses its live casino platform to 700+ operators—including FanDuel, BetMGM, Caesars Digital, DraftKings, and virtually every major online casino brand globally—under revenue-share agreements. This asset-light licensing model generates exceptional margins. Evolution has expanded beyond live casino into RNG slots through acquisitions of NetEnt (2020) and Red Tiger Gaming, adding a portfolio of 1,000+ digital slot titles.\n\nEvolution reported H1 2025 revenue of €1.045B (+3.5% YoY), with adjusted EBITDA margin of 65.8%—among the highest in the global gaming industry. Q2 2025 revenue was €524.3M, with live casino contributing €453.7M. Evolution holds approximately 45% of the global live casino B2B market, ahead of Playtech (30%) and Pragmatic Play (25%). The company launched its first Philippines studio and a new São Paulo facility in 2025.
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