William Hill and 888 owner Evoke PLC (LSE:EVOK) has reported a 3% increase in revenue to £417 million for the third quarter of 2024, compared to the same period last year.
This marks its first quarter of year-on-year growth since Q1 2022, with progress driven by market share gains in key international markets.
Online revenue was up 8%, with core markets seeing an 11% rise.
Core markets, including Romania, now represent nearly 85% of online revenues.
The company’s international division performed strongly, with revenue growing 14%, bolstered by a 26% increase in core international markets including Spain, Denmark, and Romania.
Meanwhile, retail revenue declined by 9%, attributed to ‘customer-friendly’ betting margins and market share losses in gaming.
Chief executive Per Widerström, who has now held the reins for a year, told investors that the firm’s turnaround “is working”.
“We are achieving our plans to improve trading in the short term, while simultaneously radically transforming the group's capabilities for the long-term,” he said in the statement.
Widerström added: “We are moving decisively and at pace to position evoke for long-term growth, and I look forward to providing further updates about our progress in the coming months."
Looking ahead, the company reaffirmed guidance for the second half of 2024, in which it expects revenue growth between 5% and 9%.