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Evoke
Evoke (EVOK) investor relations material
Evoke Q4 2025 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 TU earnings summary27 Jan, 2026
Executive summary
FY25 revenue grew 2% year-over-year to approximately £1,786m, with Q4 delivering the strongest quarter at £464m, up 7% sequentially but down 3% year-over-year due to tough comparatives.
Adjusted EBITDA for FY25 is expected to be £355-360m, up 14-15% year-over-year, with an EBITDA margin of about 20%, in line with guidance.
Strategic review is ongoing, including potential sale of the group or assets, with no forward-looking financial guidance provided during this process.
Financial highlights
Q4 revenue reached £464m, the highest quarterly result of the year.
Gaming revenue grew 9% year-over-year in Q4, with all divisions contributing, including a return to growth for 888casino in the UK.
Retail and International segments saw strong Q4 growth, up 10% and 14% year-over-year, respectively.
Betting revenue declined 22% year-over-year in Q4 due to a strong prior-year comparative.
Outlook and guidance
No forward-looking financial guidance is being provided while the strategic review is ongoing.
Positive momentum continued into 2026, with a strong start across all divisions.
How do UK tax changes influence strategic review?
Timeline for updated strategic plan and mitigations
Is Q4 gaming growth sustainable into 2026?
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Latest events from Evoke
- H1 lagged plans, but cost savings and new products set up 5%-9% H2 growth and margin recovery.EVOK
Trading Update3 Feb 2026 - Revenue down, losses widen, but transformation and H2 margin recovery on track.EVOKH1 20241 Feb 2026
- Growth resumed in 2024 with rising margins, strong core markets, and a clear deleveraging plan.EVOKH2 202426 Dec 2025
- Business transformation, renewed growth, and enhanced governance were key AGM themes.EVOKAGM 202527 Nov 2025
- Strong revenue and EBITDA growth, improved margins, and significant deleveraging achieved.EVOKH1 202523 Nov 2025
- Revenue up 5% in Q3 2025, all divisions grew, and FY25 EBITDA margin guidance reaffirmed.EVOKQ3 2025 TU28 Oct 2025
- Q2 revenue up 5% and Adjusted EBITDA up 43% year-over-year, with FY25 guidance reaffirmed.EVOKH1 2025 TU22 Jul 2025
- Double-digit online growth and strong international gains drive evoke's Q3 revenue rebound.EVOKTrading Update13 Jun 2025
- Q1 revenue up 1% to £437m, with strong international growth and higher EBITDA.EVOKTrading Update6 Jun 2025
Next Evoke earnings date
H2 202525 Mar, 2026
Evoke
Next Evoke earnings date
H2 202525 Mar, 2026
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@ankurshah47_ x.com
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Amina0781App Store
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@theshortbearx.com
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