888 Holdings (EVOK) AI Stock Analysis

• Market Cap: £101.80M
• Dividend Yield: N/A
• Average Volume (3M): 1.06M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.56
• Revenue Growth: 5.26%
• EPS Growth: 32.20%
• Country: UK
• Employees: 5,903
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Gambling, Resorts & Casinos
• EPS (TTM): -0.14
• Shares Outstanding: 450,173,100
• 10 Day Avg. Volume: 1,580,821
• 30 Day Avg. Volume: 1,064,675
• PEG Ratio: >-0.01
• Price to Book (P/B): -2.95
• Price to Sales (P/S): 0.20
• P/FCF Ratio: 2.62
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: £59.00
• Price Target Upside: 159.91% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 41 Neutral
• Price Target: 24.00p ▲(5.73% Upside)

The overall stock score is primarily influenced by financial performance and technical analysis. Despite strong revenue growth, the company faces significant profitability and financial stability challenges. The technical indicators suggest a bearish trend, and valuation metrics are unfavorable due to ongoing losses.

Positive Factors

Revenue Growth

Consistent revenue growth over multiple quarters indicates a strong market position and effective business strategies, supporting long-term expansion.

Profitability Improvement

Significant EBITDA growth reflects improved operational efficiency and cost management, enhancing the company's financial health and sustainability.

Deleveraging Efforts

Reducing leverage strengthens the balance sheet, lowers financial risk, and increases flexibility for future investments and growth opportunities.

Negative Factors

Negative Equity

Negative equity indicates financial instability, posing risks to long-term viability and limiting the company's ability to secure financing.

Profitability Challenges

Ongoing negative profit margins highlight operational inefficiencies and profitability challenges, which can hinder sustainable growth and investor confidence.

High Leverage

Significant leverage increases financial risk and interest obligations, potentially impacting cash flow and limiting strategic flexibility.

888 Holdings Business Overview & Revenue Model

Company Description

Evoke plc, together with its subsidiaries, provides online betting and gaming products and solutions in the United Kingdom, Ireland Italy, Spain, and internationally. The company operates through Retail, UK Online, and International segments. It engages in the operation of gaming machines; and sports betting, casino, poker, and other gaming products, as well as offers telephone betting services. The company owns and operates its business through William Hill, 888casino, 888poker, 888sport, Mr Green, William Hill Vegas, SI Casino, and SI Sportsbook brands. The company was formerly known as 888 Holdings plc and changed its name to Evoke plc in May 2024. Evoke plc was founded in 1997 and is headquartered in Gibraltar, Gibraltar.

How the Company Makes Money

888 Holdings generates revenue primarily through its online gaming operations, which include sports betting, casino games, and poker. The company earns money by taking a percentage of the wagers placed by players, as well as through entry fees for poker tournaments and other gaming activities. Key revenue streams include the sale of gaming products, commissions from sports betting, and promotional offers that attract new customers. Additionally, 888 Holdings often partners with various gaming operators and affiliates to enhance its market presence and drive traffic to its platforms, further contributing to its earnings. The company also benefits from regulatory licenses in multiple jurisdictions, allowing it to operate legally and profitably in various markets, which is a significant factor in its revenue generation.

888 Holdings Financial Statement Overview

Summary

The company shows strong revenue growth but faces profitability issues with persistent net losses. The balance sheet is concerning due to negative equity and high leverage, posing financial stability risks. While cash flow from operations is positive, cash flow management remains a challenge.

Income Statement

The company has experienced significant revenue growth over the years, increasing from $439.2M in 2019 to $1.75B in 2024. However, the net profit margin has been negative for recent years, indicating ongoing profitability challenges. The gross profit margin remains healthy, at around 65.6% for 2024, but the negative EBIT margin highlights operational inefficiencies.

Balance Sheet

The company has a negative stockholders' equity as of 2024, reflecting more liabilities than assets, which is a significant risk factor. The debt-to-equity ratio cannot be calculated due to negative equity, but the high total debt of $1.83B suggests substantial leverage. The equity ratio is also negative, further emphasizing the financial instability.

Cash Flow

Operating cash flow has improved, contributing to positive free cash flow of $131.1M in 2024. The free cash flow to net income ratio is positive, indicating some financial flexibility. However, the free cash flow growth rate has been volatile, and overall cash flow management needs improvement.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.78B	1.75B	1.71B	1.24B	712.30M	696.58M
Gross Profit	961.20M	1.15B	1.14B	798.30M	459.10M	561.74M
EBITDA	311.40M	234.40M	289.70M	82.50M	89.20M	61.28M
Net Income	-113.30M	-192.00M	-56.40M	-120.60M	49.90M	11.28M
Balance Sheet
Total Assets	2.60B	2.67B	2.75B	2.95B	400.11M	485.78M
Cash, Cash Equivalents and Short-Term Investments	242.90M	265.40M	256.20M	317.60M	175.31M	189.64M
Total Debt	1.82B	1.83B	1.75B	1.79B	22.90M	33.64M
Total Liabilities	2.77B	2.77B	2.67B	2.79B	275.70M	335.66M
Stockholders Equity	-189.70M	-116.40M	79.90M	159.20M	124.33M	150.12M
Cash Flow
Free Cash Flow	101.20M	131.10M	81.10M	-107.00M	76.02M	145.92M
Operating Cash Flow	104.50M	226.50M	151.40M	-30.20M	98.69M	178.86M
Investing Cash Flow	-114.50M	-93.70M	-21.10M	-428.90M	-22.60M	-30.84M
Financing Cash Flow	4.90M	-103.50M	-188.60M	588.30M	-52.09M	-58.79M

888 Holdings Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 22.70
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:EVOK, the sentiment is Neutral. The current price of 22.7 is above the 20-day moving average (MA) of 22.06, below the 50-day MA of 28.16, and below the 200-day MA of 48.48, indicating a neutral trend. The MACD of -1.48 indicates Negative momentum. The RSI at 41.29 is Neutral, neither overbought nor oversold. The STOCH value of 59.43 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GB:EVOK.

888 Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GMR	74 Outperform	£116.58M	14.57	24.79%	―	21.27%	21.93%
PTEC	74 Outperform	£828.21M	―	―	163.36%	―	―
RNK	65 Neutral	£454.38M	10.29	12.43%	2.58%	8.26%	263.36%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
ENT	59 Neutral	£4.79B	-9.14	-28.60%	2.24%	5.14%	-7.80%
B90	53 Neutral	£18.07M	―	―	―	―	―
EVOK	41 Neutral	£101.80M	-0.90	―	―	5.26%	32.20%

888 Holdings Corporate Events

Evoke Confirms Total Voting Rights at Year-End 2025

Evoke plc has confirmed that, as at 31 December 2025, its issued share capital consists of 450,173,086 ordinary shares of £0.005 each, with one vote attached to every share. The company stated that this figure represents the total number of voting rights in Evoke and should be used by shareholders as the reference point for calculating whether they must disclose changes in their holdings under UK disclosure and transparency regulations.

The most recent analyst rating on (GB:EVOK) stock is a Hold with a £24.00 price target. To see the full list of analyst forecasts on 888 Holdings stock, see the GB:EVOK Stock Forecast page.

evoke plc to Publish FY 2025 Trading Update

evoke plc announced that it will release its FY 2025 post-close trading update on January 27, 2026, at 7:00am GMT. This announcement underscores the company’s continued commitment to transparency and stakeholder communication, showcasing its proactive approach to keeping investors and the industry informed about its performance and market positioning.

The most recent analyst rating on (GB:EVOK) stock is a Hold with a £24.00 price target. To see the full list of analyst forecasts on 888 Holdings stock, see the GB:EVOK Stock Forecast page.

Evoke plc Initiates Strategic Review to Explore Growth Options

Evoke plc has announced a strategic review to explore various options to maximize shareholder value, including a potential sale of the group or its assets. The company has appointed Morgan Stanley & Co. International plc and Rothschild & Co as joint financial advisers for this review. While there is no certainty of any transaction occurring, this move could significantly impact Evoke’s operations and market positioning.

The most recent analyst rating on (GB:EVOK) stock is a Hold with a £23.00 price target. To see the full list of analyst forecasts on 888 Holdings stock, see the GB:EVOK Stock Forecast page.

Evoke PLC Announces Total Voting Rights

Evoke PLC has announced its total voting rights as of November 30, 2025, in compliance with the FCA’s Disclosure and Transparency Rules. The company’s issued share capital consists of 450,173,086 ordinary shares, each carrying one vote, which shareholders can use to calculate their interests or changes in their interests in the company.

The most recent analyst rating on (GB:EVOK) stock is a Hold with a £33.00 price target. To see the full list of analyst forecasts on 888 Holdings stock, see the GB:EVOK Stock Forecast page.

Evoke Plc Warns of Negative Impact from UK Gaming Duty Increases

Evoke Plc has expressed concerns over the UK government’s decision to increase the Remote Gaming Duty from 21% to 40% by April 2026 and introduce a new 25% online sports betting duty from April 2027. The company believes these changes will lead to significant job losses, reduced investment in the UK market, and a shift of consumer activity to the unregulated black market, ultimately decreasing tax revenue and compromising player protection. Evoke plans to mitigate the financial impact through cost-saving measures and anticipates further market consolidation as smaller operators may exit due to rising costs.

The most recent analyst rating on (GB:EVOK) stock is a Hold with a £41.00 price target. To see the full list of analyst forecasts on 888 Holdings stock, see the GB:EVOK Stock Forecast page.

Evoke PLC Announces Total Voting Rights

Evoke PLC has announced its total voting rights as of October 31, 2025, in accordance with the FCA’s Disclosure and Transparency Rules. The company’s issued share capital consists of 449,990,776 Ordinary GBP£0.005 shares, each carrying one voting right. This information is crucial for shareholders to determine their notification obligations regarding their interests in the company.

The most recent analyst rating on (GB:EVOK) stock is a Buy with a £110.00 price target. To see the full list of analyst forecasts on 888 Holdings stock, see the GB:EVOK Stock Forecast page.

Evoke Plc Reports Continued Revenue Growth and Strategic Advancements in Q3 2025

Evoke Plc reported a 5% revenue growth in Q3 2025, marking its fifth consecutive quarter of year-over-year growth, driven by strong performances in its retail and international divisions. The company successfully refinanced its 2027 EUR fixed rate notes, achieving significant annual cash interest cost savings. Strategic advancements included growth in Denmark and Italy, and the launch of new products like the William Hill Vegas app, enhancing customer engagement and profitability. The company remains confident in achieving its FY25 financial targets, focusing on sustainable growth and operational efficiency.

The most recent analyst rating on (GB:EVOK) stock is a Hold with a £41.00 price target. To see the full list of analyst forecasts on 888 Holdings stock, see the GB:EVOK Stock Forecast page.

Evoke plc Announces Leadership Changes to Drive Future Growth

Evoke plc announced a significant change in its board leadership, with Lord Jon Mendelsohn stepping down as Chair and Non-Executive Director after five years. Mark Summerfield has been appointed as the new Non-Executive Chair, while Anne de Kerckhove takes on the role of Deputy Chair. These changes are expected to guide the company through its next phase of growth and stability, reinforcing its position as a leading player in the betting and gaming industry.

The most recent analyst rating on (GB:EVOK) stock is a Buy with a £95.00 price target. To see the full list of analyst forecasts on 888 Holdings stock, see the GB:EVOK Stock Forecast page.