Evoke (EVOK) Q3 2026 TU earnings summary

Executive summary

• Q3 revenue was £406m, down 7% reported and 2% like-for-like at constant currency excluding the impact of ~270 fewer retail shops; normalized revenue was broadly stable.

• Underlying performance was described as resilient, with continued emphasis on profitability, cash generation and operational efficiency amid higher gaming duties.

Financial highlights

• Q3 revenue of £406m declined 7% YoY on a reported basis and 2% YoY like-for-like at constant currency, excluding the impact of ~270 fewer retail shops.

• Customer-friendly sports results at the start of the football season were a 1–2ppt headwind to Group revenue growth; revenue was broadly stable on a normalized basis.

Outlook and guidance

• Acquisition completion is expected in late Q4 2026 or early Q1 2027, subject to satisfaction or waiver of remaining conditions.

• Continued focus on disciplined execution, operational efficiency, profitability and cash generation.