Evoke has announced its full-year 2025 results are expected to fall in line with previous guidance issued by the operator, leading to the London-listed company’s shares receiving a boost today, 18 March.
Although the William Hill, 888 and Mr Green parent company will officially publish its full financial results on 26 April, the company said the figures are expected to fall in line with its previous trading update published in January.
The update forecast preliminary full-year 2025 revenue of around £1.8bn, representing a 2% year-on-year (YoY) increase.
Adjusted EBITDA is expected to sit between £355m and £360m, which would equate to a rise of 14% to 15% YoY.
The trading update also estimated approximate Q4 revenue had climbed 7% quarter on quarter to £464m.
However, Q4 revenue was still down 4% in constant currency YoY due to the “strong comparative period with operator-friendly sporting results in the prior year”.
During the final quarter of the year, gaming revenue rose 9%, while betting revenue decreased 22%.
Evoke said Q1 2026 has started on a positive note, with “current trading being in line with the board’s expectations”.
At the time of writing, evoke’s share price sits at 28.4p, up 3.3% from market opening. Evoke’s shares are down almost 60% over the past 12 months.
The operator also confirmed its strategic review is underway, with a possible sale of parts or all of the business being explored.
An evoke statement read: “As previously announced on 10 December 2025, the board is undertaking a review of the group’s strategic options, including the consideration of a range of potential alternatives to maximise shareholder value.
“The strategic review remains ongoing, including discussions relating to a potential sale of the group, or some of the group’s assets and/or business units. A further update will be provided as and when appropriate.”
The review followed the Autumn Budget announcement in November 2025, when Chancellor Rachel Reeves upped remote gaming duty in the UK from 21% to 40% come April 2026.
Remote general betting duty will also increase from 15% to 25% from April 2027.
Evoke bosses previously warned the increases will see its total duty costs increase by up to £135m.
Since first announcing the strategic review, management has confirmed the closure of some retail locations as part of its mitigation plans.
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The post Evoke shares tick up as Q1 2026 performance starts “positively” first appeared on EGR Intel.
William Hill and 888 parent company announces 2025 revenue and EBITDA should be consistent with previous update issued in January, as the operator’s strategic review exploring a potential sale continues
The post Evoke shares tick up as Q1 2026 performance starts “positively” first appeared on EGR Intel.