Evolution AB Jumps 5% After Q1 Earnings Beat Across the Board; BofA Sees H2 Growth

• (PLX AI) - Evolution shares rose 5% at the open after the company reported Q! revenue and EBITDA that exceeded expectations across the board.
• • EBITDA margin also improved
• • Evolution's recent derating is unwarranted, trading at only 23 times expected 2023 P/E ratio, analysts at Bank of America said, reiterating a buy recommendation
• • Expect a stronger pipeline of new RNG game launches in the second half of the year, which should support growth, BofA said