British betting and gaming firm Evoke has today reported a 3% growth in third-quarter group revenue, helped by market share gains in its key international markets, and reaffirmed its expectations for the next fiscal year.
The company's revenue growth comes at a time when betting firms face challenges from rising competition and regulatory scrutiny across several several international markets as well as potential tax hikes in the UK.
Evoke, whose brands include William Hill, 888 and Mr Green, posted an online revenue growth of 8% for the three months ended September 30.
The group issued a profit warning in July on weaker-than-expected online revenue growth in the quarter to June-end.
Chief executive Per Widerström said the online business is a clear growth engine for the group and said he was pleased that the turnaround of the business is working, after the company posted its first quarter of revenue growth since the March quarter of 2022.
Evoke, which has locally licensed markets in 10 European countries and six US states along with some other regions, reiterated its forecast for the second-half period ending December 31, 2024, with revenue growth of 5%-9% and adjusted core profit margin of about 21%.
