Can Evoke’s Digital and Retail Push Sustain Growth?

April 25, 2025 01:32 PM BST | By Team Kalkine Media
 Can Evoke’s Digital and Retail Push Sustain Growth?
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Highlights

  • First-quarter revenue edged higher at Evoke PLC (EVOK) alongside improved adjusted EBITDA

  • International segment performance strengthened by integration of Winner.ro operations

  • UK & Ireland online activity saw average revenue per user rise despite a slight revenue decline

The betting and gaming sector operates within a fast-paced environment shaped by regulatory updates, evolving consumer preferences and technological innovation. Operators in this field maintain diverse brand portfolios and distribution channels to meet demands across online and retail markets. Evoke PLC (LSE:EVOK) manages a collection of well-known gaming brands, with recent first-quarter data offering insight into its operational and financial positioning.

Revenue Trends and Efficiency Metrics

Evoke PLC reported an uplift in group revenue during the opening quarter, reflecting incremental sales across both digital and retail platforms. Adjusted EBITDA surpassed levels recorded in the prior cycle, driven by tighter cost management and enhanced margin controls. Expense initiatives focused on centralised procurement and streamlined marketing spend have contributed to a leaner operating cost base, supporting operational cash flows.

International Market Expansion

Revenue in international territories rose, underpinned by the acquisition and integration of Winner.ro’s Romanian operations. That addition amplified regional footprint and diversified revenue streams beyond core European markets. Growth in that segment benefited from localised promotions and tailored product offerings that align with consumer preferences in Central and Eastern Europe. Cross-border platform synergies have enabled shared back-office services, further supporting scale efficiencies.

UK & Ireland Online Operations

Online revenue in the UK & Ireland region experienced a modest contraction, with sports-betting turnover and active account numbers moving below prior-year levels. In contrast, average revenue per user saw substantial improvement, reflecting a shift toward premium product mixes and enhanced retention efforts. Personalised loyalty schemes and targeted customer communications have driven deeper engagement among existing account holders, offsetting volume declines.

Retail Footprint Performance

The retail estate reported a reduction in total revenue, influenced by evolving foot-traffic patterns and competitive pressures. Gaming machine performance in select outlets posted an uptick following refurbishment initiatives and introduction of state-of-the-art cabinets. Those capital investments aimed to elevate in-shop experience and drive footfall in high-density locations. Operator agreements with leasing partners ensured deployment of new hardware with minimal upfront capital requirements.

Technology Integration and Platform Alignment

Evoke PLC advanced its platform consolidation by migrating Mr Green onto the core 888 technology stack and completing the integration of William Hill’s Italian digital operations. Plans are underway to align 888 Romania with Winner.ro’s platform, creating a unified ecosystem for customer account management and payment processing. That technical rationalisation supports scalable feature deployment, reduces maintenance overhead and enhances the speed of new-product roll-out across multiple jurisdictions.


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