Thank you for sharing this. Do you know the reason why management would have such a large dividend rather than going all buybacks, given the share price?
Also did the CFO give any reason for stepping down? I was unable to find an explanation.
The dividend is part of their capital allocation framework and it’s something they have committed to. I don’t see them changing this even though I’d prefer all buybacks.
The CFO is leaving because he is burnt out and needs a break, it’s a demanding job. There wasn’t any ulterior motives.
An incredibly insightful breakdown—thank you for all the work you put into this! Given everything Evolution faced in 2024, delivering 15% revenue growth and a 64% margin is actually quite impressive. Excited to see how the new studios and expanding U.S. market play into 2025’s performance!
Thanks for the feedback, it’s much appreciated. We can get bogged down in single quarters, sometimes perspective is required. These results for the year would have fallen short of expectations at the beginning of 2024. However, if you had offered them in the context of all the challenges Evolution has faced, I’d definitely have taken them. Time to park 2024 now and look forward.
Thanks for saving me some time!
My pleasure 👍
Thanks for the breakdown. I think long term EVO will do great!
Thanks for the feedback 👍
Thank you for sharing this. Do you know the reason why management would have such a large dividend rather than going all buybacks, given the share price?
Also did the CFO give any reason for stepping down? I was unable to find an explanation.
Joe
:D
The dividend is part of their capital allocation framework and it’s something they have committed to. I don’t see them changing this even though I’d prefer all buybacks.
The CFO is leaving because he is burnt out and needs a break, it’s a demanding job. There wasn’t any ulterior motives.
An incredibly insightful breakdown—thank you for all the work you put into this! Given everything Evolution faced in 2024, delivering 15% revenue growth and a 64% margin is actually quite impressive. Excited to see how the new studios and expanding U.S. market play into 2025’s performance!
Thanks for the feedback, it’s much appreciated. We can get bogged down in single quarters, sometimes perspective is required. These results for the year would have fallen short of expectations at the beginning of 2024. However, if you had offered them in the context of all the challenges Evolution has faced, I’d definitely have taken them. Time to park 2024 now and look forward.