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Evoke Reports Modest Q1 Growth with Optimism for Stronger Momentum Ahead

The gaming group saw a 1% revenue increase to £437 million in Q1 2025, with international markets driving gains despite UK regulatory challenges.

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UK revenues from betting on sporting events such as the Cheltenham Festival were dented by the arrival of new protections for gamblers

Overview

  • Evoke recorded £437 million in revenue for Q1 2025, a 1% year-on-year increase, supported by international market growth.
  • UK & Ireland online revenue fell 1%, impacted by tighter gambling regulations and reduced sports betting income.
  • International revenue grew 11%, driven by strong performance in Romania following the acquisition of Winner.ro.
  • Retail business revenue declined 6%, though the company anticipates improvements with new gaming machines and upgraded in-store experiences.
  • Evoke expects stronger growth from Q2 2025, citing improved trends in April and a more efficient operating model.