Evoke PLC (LSE:EVOK) has kicked off 2025 with a steady start, reporting first-quarter revenue of £437 million up 1% on last year and pretty much bang on with what it had guided.
So far this year, revenue is up around 4%, and the company says it's still aiming for full-year growth in the 5-9% range. More importantly for the bottom line, adjusted EBITDA came in significantly higher than a year ago, pushing the twelve-month figure to over £330 million.
There was a strong showing from International markets, where revenue jumped 11%, helped by growth in Romania after the Winner.ro acquisition. UK&I Online didn’t have quite the same momentum, down 1%, as a dip in sports revenue and fewer active players held things back. Still, average revenue per user rose by 26%, which helped balance things out.
Retail took a bit of a hit, with revenue falling 6% year-on-year. That said, gaming revenue was up 6% from the previous quarter, thanks in part to 5,000 shiny new gaming cabinets rolled out in March.
CEO Per Widerström said the performance was in line with what they shared at the full-year results, adding: "With improved customer lifecycle management, a clear customer value proposition, new retail gaming cabinets, and an exciting product pipeline, we remain highly confident in our market position and the growth profile of the business."
Behind the scenes, evoke has been busy upgrading its tech. Mr Green moved onto the 888 platform, William Hill Italy completed its migration, and work is underway to move 888 Romania onto Winner.ro’s localised setup.
evoke operates betting and gaming brands including William Hill, 888 and Mr Green.