Evoke PLC Returns to Growth with Strong FY2024 Performance

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Evoke PLC Returns to Growth with Strong FY2024 Performance

888 Holdings ( (GB:EVOK) ) has issued an update.

Evoke PLC reported its FY2024 financial results, showing a return to growth with a 3% increase in revenue and a 4% rise in adjusted EBITDA, despite a challenging first half of the year. The company underwent a significant transformation, enhancing its operational efficiency and cost control, which led to improved profitability in the second half. Strategic initiatives included the sale of its US B2C business and the acquisition of Winner.ro in Romania, aligning with its focus on sustainable growth in attractive markets. The company also made progress in deleveraging and aims to achieve further cost savings in FY2025, maintaining its revenue growth and EBITDA margin targets.

More about 888 Holdings

Evoke PLC is a leading global betting and gaming company, known for its internationally recognized brands such as William Hill, 888, and Mr Green. The company focuses on online and retail betting and gaming services, with a significant presence in core markets like the UK and international regions.

YTD Price Performance: 16.76%

Average Trading Volume: 1,712,336

Technical Sentiment Signal: Buy

Current Market Cap: £320M

Learn more about EVOK stock on TipRanks’ Stock Analysis page.

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