Evoke Reports Retail Growth in Q3
Evoke PLC posted year-on-year revenue growth in its UK retail operations during Q3 2025, driven by positive performance in both sports betting and gaming. However, the company acknowledged that the online division continues to be impacted by underperformance in its 888 Brands business.
Retail Division Shows Clear Momentum
The group reported a 6% rise in retail sports betting revenue and a 6% increase in retail gaming. New gaming cabinets installed in William Hill shops earlier in the year supported the quarter’s result. Some outlets were highlighted as contributing more significantly to the turnaround, indicating strong regional variation. Evoke also signalled that earlier concerns over potential shop closures may lessen if performance remains stable.
Per Widerström said:
“During Q3 we continued to execute against our strategy which is transforming our long-term competitive capabilities and building a more efficient and profitable business. With retail continuing the improving trend from Q2, all three divisions were in growth during the quarter.”
Online Division Remains a Challenge
Evoke’s online business grew by 1% year-on-year during the quarter. Online sports betting revenue increased by 8%, while online gaming revenue declined by 2%. The firm attributed the downturn in gaming to reduced marketing and ongoing challenges within the 888 Brands segment, which it referred to as “a drag on growth.”
As part of its strategy, the company is now shifting focus toward channels with stronger marketing returns. International markets delivered better results than Spain and several smaller territories, with momentum building in Denmark, Romania and in newly regulated Italy. The company reaffirmed full-year guidance, aiming for revenue growth of 5–9% and an adjusted EBITDA margin of at least 20%.