Evoke Releases Q4 2025 Financial Results and Continues Strategic Review
Strong Fourth-Quarter Results Highlight Evoke’s Performance
International gaming leader Evoke has announced its financial outcomes for the last quarter of 2025, showing steady casino operations despite challenges in the betting segment. The company remains actively exploring various strategies to enhance shareholder value.
Financial Highlights of Q4 2025
Evoke, the parent company of renowned gaming brands including 888, William Hill, and Mr Green, reported that Q4 2025 was its most robust quarter of the year. The company recorded quarterly revenue of GBP 464 million (approximately $638.6 million), representing a 7% increase compared to the previous quarter. However, this figure was 3% lower than the same period in 2024, which had benefited from exceptionally favorable sporting events.
The betting revenue for the quarter fell by 22% year-over-year due to challenging comparative results from the previous year. This decrease was balanced by a 9% increase in gaming revenue, with all divisions registering growth. Notably, 888casino experienced a resurgence in the UK market.
Evoke’s retail operations grew by 10% year-over-year, while its international business expanded by 14% during the same period. Based on these trends, the company anticipates full-year 2025 revenue to be around GBP 1.8 billion (about $2.5 billion), reflecting a 2% increase compared to 2024. This growth underscores Evoke’s commitment to enhancing profitability and optimizing costs.
The company also projects adjusted EBITDA for 2025 to be between GBP 355 million and GBP 360 million ($489-496 million), an improvement of 14-15%, aligning with its forecast and strategic objectives.
CEO Comments and Strategic Outlook
Evoke’s leadership continues to evaluate strategic alternatives aimed at maximizing shareholder value. Such options might involve the potential sale of the entire group or particular assets to third parties. Formal results from this ongoing review will be shared alongside the full 2025 annual report.
Chief Executive Officer Per Widerström expressed satisfaction with the quarter’s achievements and the advancement of the company’s key initiatives. He highlighted that Evoke’s focus on core markets yielded strong outcomes, with Italy and Denmark registering record revenue figures in Q4. The CEO also noted a promising start to 2026.
Challenges Arising from the UK Budget Changes
Despite these positive developments, Evoke was disappointed by the recent UK Budget, which the company believes delivers a severe setback to the British gaming sector. The budget changes are anticipated to accelerate growth in the black market.
In response, Evoke has prioritized reducing the negative effects of the new fiscal policies. Measures include closing retail locations deemed unsustainable and implementing broader cost-saving initiatives. Widerström assured shareholders that the company will provide updates on these mitigation efforts and its revised strategic plan in the near future.
