tiprankstipranks
Trending News
More News >
888 Holdings Plc (GB:EVOK)
LSE:EVOK
Advertisement

888 Holdings (EVOK) AI Stock Analysis

Compare
128 Followers

Top Page

GB:EVOK

888 Holdings

(LSE:EVOK)

Rating:49Neutral
Price Target:
60.00p
▲(3.63% Upside)
The overall stock score is primarily influenced by financial performance challenges, including negative equity and profitability issues. Technical analysis indicates bearish momentum, while valuation is weak due to a negative P/E ratio. The earnings call provides a positive outlook with revenue growth and deleveraging efforts, slightly offsetting other concerns.
Positive Factors
Financial Performance
The company's LTM EBITDA of £363m already exceeds consensus expectations of £356m.
Revenue Growth
There was a 5% revenue growth in 2Q25, with online growth of 6% and a return to growth in Retail, which improved from 1% in 1Q25.
Negative Factors
Interest Costs
Higher interest costs are expected to lower EPS estimates by 18% for the fiscal year.
Leverage Concerns
The leverage target has been pushed out by one year, signaling potential financial concerns.

888 Holdings (EVOK) vs. iShares MSCI United Kingdom ETF (EWC)

888 Holdings Business Overview & Revenue Model

Company DescriptionEvoke 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 Money888 Holdings generates revenue primarily through its online gaming operations, which include sports betting, casino games, poker, and bingo. The company's revenue model is largely based on the collection of stakes from players, with a portion of the losses from customers translating into income for the company. Key revenue streams include the sale of gaming services, commissions from betting, and transaction fees. Additionally, 888 Holdings has established partnerships with various sports leagues and affiliates to enhance its market reach and customer acquisition efforts. Regulatory compliance and licensing in multiple jurisdictions also play a critical role in sustaining its earnings and expanding its operational footprint.

888 Holdings Earnings Call Summary

Earnings Call Date:Aug 13, 2025
(Q2-2025)
|
% Change Since: |
Next Earnings Date:Mar 18, 2026
Earnings Call Sentiment Positive
The earnings call reflects a positive sentiment with significant improvements in profitability, consistent revenue growth, and effective deleveraging efforts. However, there are challenges in certain markets and segments, particularly in U.K. online and retail sports.
Q2-2025 Updates
Positive Updates
Continued Revenue Growth
Achieved fourth consecutive quarter of growth with Q2 growth of 5%, driven by strong performances in international core markets and retail returning to growth.
Significant Increase in Profitability
EBITDA increased by 44% in H1 2025, reaching GBP 166 million. LTM EBITDA now at GBP 363 million, reflecting improved profitability.
Deleveraging Efforts
Leverage reduced to 5x, a 1.7 turn improvement over the last 12 months, with a target to reduce it below 3.5x by 2027.
Strong International Segment Performance
International segment revenue grew by 13%, driving a more than doubling of EBITDA to GBP 86 million, making up over half of the group's EBITDA.
Retail Growth
Retail returned to growth in Q2, driven by the rollout of 5,000 new gaming machines, resulting in a 15% increase in gross win per machine per week.
Negative Updates
Flat Revenue in U.K. Online
U.K. online revenue was down 1% for H1 2025, with challenges including poor marketing returns for the 888 brand and a focus on profitability over volume.
Decline in Retail Sports
Retail revenue down 2% for the half, driven by sports, impacted by market-wide issues like pressure on the racing industry and high street footfall dynamics.
Impact of Increased Costs
Higher fixed costs from National Insurance and National Living Wage changes impacted retail profitability, despite some cost savings.
Challenges in Specific Markets
While international growth was strong, there were specific challenges in markets like Spain, where sports product performance lagged, and recent tax increases in Romania.
Company Guidance
During the call regarding H1 2025 results, the company reported several key metrics that highlight its financial progress and strategic focus. Revenue growth was a central theme, with the company experiencing a fourth consecutive quarter of revenue growth, achieving a 5% increase in Q2. Adjusted EBITDA for the first half reached GBP 166 million, marking a 44% year-over-year increase. The company also reported a significant reduction in leverage, which decreased to 5x, down from 5.7x at the end of 2024. The international segment was a standout performer, contributing over half of the group's EBITDA with a 13% revenue growth, while the UK online segment showed flat revenue but a 37% increase in EBITDA due to a focus on profitability. Additionally, retail operations returned to growth in Q2, driven by new gaming machines, despite a 2% decline for the half. Looking ahead, the company reiterated its guidance for 2025, targeting 5% to 9% revenue growth and an EBITDA margin of at least 20%, while maintaining its focus on both short-term operational improvements and long-term strategic investments.

888 Holdings Financial Statement Overview

Summary
Strong revenue growth but persistent profitability issues with negative net profit margin and EBIT margin. The balance sheet is concerning due to negative equity and high leverage, posing financial stability risks. Positive operating cash flow but volatile cash flow management.
Income Statement
45
Neutral
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
30
Negative
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
60
Neutral
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.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue1.78B1.75B1.71B1.24B712.30M696.58M
Gross Profit961.20M1.15B1.14B798.30M459.10M561.74M
EBITDA311.40M234.40M354.40M134.20M102.30M61.28M
Net Income-113.30M-192.00M-56.40M-120.60M49.90M11.28M
Balance Sheet
Total Assets2.60B2.67B2.75B2.95B400.11M485.78M
Cash, Cash Equivalents and Short-Term Investments242.90M265.40M256.20M317.60M175.31M189.64M
Total Debt1.82B1.83B1.75B1.79B22.90M33.64M
Total Liabilities2.77B2.77B2.67B2.79B275.70M335.66M
Stockholders Equity-189.70M-116.40M79.90M159.20M124.33M150.12M
Cash Flow
Free Cash Flow101.20M131.10M81.10M-107.00M76.02M145.92M
Operating Cash Flow104.50M226.50M151.40M-30.20M98.69M178.86M
Investing Cash Flow-114.50M-93.70M-21.10M-428.90M-22.60M-30.84M
Financing Cash Flow4.90M-103.50M-188.60M588.30M-52.09M-58.79M

888 Holdings Technical Analysis

Technical Analysis Sentiment
Negative
Last Price57.90
Price Trends
50DMA
63.74
Negative
100DMA
58.58
Negative
200DMA
61.03
Negative
Market Momentum
MACD
-2.42
Positive
RSI
42.05
Neutral
STOCH
32.31
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:EVOK, the sentiment is Negative. The current price of 57.9 is below the 20-day moving average (MA) of 59.17, below the 50-day MA of 63.74, and below the 200-day MA of 61.03, indicating a bearish trend. The MACD of -2.42 indicates Positive momentum. The RSI at 42.05 is Neutral, neither overbought nor oversold. The STOCH value of 32.31 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:EVOK.

888 Holdings Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
72
Outperform
£639.87M13.9512.43%1.10%8.26%263.36%
71
Outperform
£1.21B12.526.42%
69
Neutral
£147.43M16.6730.30%21.54%48.51%
61
Neutral
$17.97B12.87-5.30%2.97%1.26%-14.45%
49
Neutral
£247.89M-379.34%5.26%32.20%
£15.21M
49
Neutral
£5.35B-28.60%1.93%5.14%-7.80%
* Consumer Cyclical Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
GB:EVOK
888 Holdings
57.90
-5.15
-8.17%
GB:GMR
Gaming Realms
50.40
12.40
32.63%
GB:RNK
Rank Group plc
136.60
59.81
77.89%
GB:B90
B90 Holdings
3.45
-0.95
-21.59%
GB:ENT
Entain plc
864.40
208.18
31.72%
GB:PTEC
Playtech
397.00
143.45
56.58%

888 Holdings Corporate Events

Business Operations and StrategyFinancial Disclosures
Evoke Plc Reports Strong H1 2025 Growth and Profitability
Positive
Aug 13, 2025

Evoke Plc reported its H1 2025 interim results, showcasing a fourth consecutive quarter of growth and improved profitability with a 44% increase in Adjusted EBITDA. The company achieved a 3% revenue growth, driven by strong international performance and efficient operations, despite a slight decline in UK&I Online and retail revenues. Strategic initiatives, including the use of AI and automation, have enhanced operational efficiency and customer engagement, positioning Evoke for continued growth and profitability in the latter half of 2025.

The most recent analyst rating on (GB:EVOK) stock is a Buy with a £74.00 price target. To see the full list of analyst forecasts on 888 Holdings stock, see the GB:EVOK Stock Forecast page.

Financial Disclosures
Evoke Plc Announces Live Presentation of 2025 Interim Results
Positive
Aug 4, 2025

Evoke Plc has announced that its CEO, Per Widerström, and CFO, Sean Wilkins, will present the company’s 2025 Interim Results through a live presentation on the Investor Meet Company platform. This event, scheduled for August 13, 2025, is open to all current and potential shareholders, allowing them to submit questions in advance or during the presentation. This initiative reflects Evoke’s commitment to transparency and engagement with its stakeholders, potentially enhancing its market position and investor relations.

The most recent analyst rating on (GB:EVOK) stock is a Buy with a £74.00 price target. To see the full list of analyst forecasts on 888 Holdings stock, see the GB:EVOK Stock Forecast page.

Regulatory Filings and Compliance
Evoke PLC Announces Total Voting Rights
Neutral
Aug 1, 2025

Evoke PLC, a company listed on the stock exchange, announced its total voting rights as of July 31, 2025. The company’s issued share capital consists of 449,835,316 ordinary shares, each with one voting right, totaling the same number of voting rights. This information is crucial for shareholders to determine their notification requirements under the FCA’s Disclosure and Transparency Rules.

The most recent analyst rating on (GB:EVOK) stock is a Buy with a £140.00 price target. To see the full list of analyst forecasts on 888 Holdings stock, see the GB:EVOK Stock Forecast page.

Business Operations and StrategyFinancial Disclosures
Evoke Plc Reports Strong Q2 2025 Revenue Growth
Positive
Jul 22, 2025

Evoke Plc reported a 5% revenue growth in Q2 2025, driven by a 6% increase in online activities and a successful rollout of 5,000 new gaming machines. The company expects its H1 Adjusted EBITDA to be significantly higher year-over-year, with a range of £163-167m, supporting its strong deleveraging strategy. The board remains confident in achieving its FY25 targets, focusing on product delivery, improved marketing returns, and cost savings.

The most recent analyst rating on (GB:EVOK) stock is a Buy with a £74.00 price target. To see the full list of analyst forecasts on 888 Holdings stock, see the GB:EVOK Stock Forecast page.

Regulatory Filings and Compliance
Evoke PLC Announces Total Voting Rights
Neutral
Jul 1, 2025

Evoke PLC has announced its total voting rights in accordance with the FCA’s Disclosure and Transparency Rules. As of June 30, 2025, the company has an issued share capital of 449,835,316 Ordinary GBP£0.005 shares, each carrying one vote. 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 £74.00 price target. To see the full list of analyst forecasts on 888 Holdings stock, see the GB:EVOK Stock Forecast page.

Executive/Board ChangesBusiness Operations and Strategy
Evoke PLC Director Joins Atlantic Grupa Supervisory Board
Positive
Jun 26, 2025

Evoke PLC has announced that Andrea Gisle Joosen, an Independent Non-Executive Director, will join the Supervisory Board of Atlantic Grupa d.d. starting from September 4, 2025. This appointment reflects Evoke PLC’s strategic move to strengthen its governance and expand its influence in the industry, potentially enhancing its market position and stakeholder relations.

The most recent analyst rating on (GB:EVOK) stock is a Buy with a £74.00 price target. To see the full list of analyst forecasts on 888 Holdings stock, see the GB:EVOK Stock Forecast page.

Executive/Board Changes
Evoke plc Director Joins Grafton Group Board
Neutral
Jun 18, 2025

Evoke plc has announced that Andrea Gisle Joosen, an Independent Non-Executive Director, will join Grafton Group plc as a Non-Executive Director starting July 1, 2025. Joosen will also serve on Grafton’s Audit & Risk, Remuneration, and Nomination Committees and is set to become Chair of the Remuneration Committee, potentially strengthening Evoke’s strategic connections and influence within the industry.

The most recent analyst rating on (GB:EVOK) stock is a Buy with a £74.00 price target. To see the full list of analyst forecasts on 888 Holdings stock, see the GB:EVOK Stock Forecast page.

Regulatory Filings and Compliance
Evoke PLC Announces Total Voting Rights
Neutral
Jun 2, 2025

Evoke PLC has announced its total voting rights in accordance with the FCA’s Disclosure and Transparency Rules. As of May 31, 2025, the company has 449,835,316 ordinary shares, each with one vote, making the total number of voting rights 449,835,316. 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 £74.00 price target. To see the full list of analyst forecasts on 888 Holdings stock, see the GB:EVOK Stock Forecast page.

Shareholder MeetingsFinancial Disclosures
Evoke PLC Reports Successful AGM with Revenue Growth
Positive
May 28, 2025

Evoke PLC, a company listed on the London Stock Exchange, announced that all resolutions were passed at its Annual General Meeting held on 28 May 2025. The company reported a year-to-date revenue growth of approximately 5% and expressed confidence in its plans for the remainder of the year. The AGM saw a 53% turnout, with significant support for most resolutions, although around 20% of votes were against two specific resolutions related to equity securities. The board plans to engage with shareholders to address these concerns and will publish a detailed outcome of this engagement within six months.

The most recent analyst rating on (GB:EVOK) stock is a Buy with a £74.00 price target. To see the full list of analyst forecasts on 888 Holdings stock, see the GB:EVOK Stock Forecast page.

Executive/Board ChangesBusiness Operations and Strategy
Evoke PLC Forms Technology Committee to Strengthen Strategic Oversight
Positive
May 28, 2025

Evoke PLC has announced the formation of a new Technology Committee within its Board, chaired by Independent Non-Executive Director Susan Standiford. This committee aims to oversee the company’s major technology investments and initiatives, ensuring they align with business strategy and risk management. The establishment of this committee is expected to enhance governance and strategic development, providing transparency and insight into technology trends that could shape Evoke’s long-term competitive advantage.

The most recent analyst rating on (GB:EVOK) stock is a Buy with a £74.00 price target. To see the full list of analyst forecasts on 888 Holdings stock, see the GB:EVOK Stock Forecast page.

Executive/Board Changes
Evoke PLC Announces Executive Bonus Share Purchase
Neutral
May 27, 2025

Evoke PLC has announced the purchase of annual bonus shares for its CEO, Per Widerström, and CFO, Sean Wilkins, in accordance with its remuneration policy. The shares were bought at a price of 54p each, with Widerström acquiring 68,958 shares and Wilkins 31,659 shares. This transaction reflects the company’s commitment to aligning executive compensation with shareholder interests, as the shares are subject to a holding period until the second anniversary of the purchase date.

The most recent analyst rating on (GB:EVOK) stock is a Buy with a £74.00 price target. To see the full list of analyst forecasts on 888 Holdings stock, see the GB:EVOK Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Aug 19, 2025