888 Holdings Plc (GB:EVOK)
LSE:EVOK
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888 Holdings
(LSE:EVOK)
Select Model
Select Model
Rating:41Neutral
Price Target:
26.00 p
▼(-13.04% Downside)
Action:ReiteratedDate:12/11/25
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
Consistent revenue growth
Four consecutive quarters of revenue growth, including Q2 +5%, indicate durable demand and successful market execution. Sustained top-line expansion supports scale economies, ongoing product investment and reduces reliance on short-term promotions, improving medium-term resilience and strategic optionality.
Negative Factors
Negative shareholders' equity
Negative equity and $1.83B of debt indicate the balance sheet is structurally weak. This limits financing options, raises refinancing and covenant risk, and constrains strategic initiatives. Recovery requires sustained cash generation and deleveraging, making capital structure a medium-term execution risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent revenue growth
Four consecutive quarters of revenue growth, including Q2 +5%, indicate durable demand and successful market execution. Sustained top-line expansion supports scale economies, ongoing product investment and reduces reliance on short-term promotions, improving medium-term resilience and strategic optionality.
Read all positive factors
888 Holdings (EVOK) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£165.92M
Dividend YieldN/A
Average Volume (3M)1.06M
Price to Earnings (P/E)―
Beta (1Y)1.22
Revenue Growth5.26%
EPS Growth32.20%
CountryUK
Employees5,903
SectorConsumer Cyclical
Sector Strength84
IndustryGambling, Resorts & Casinos
Share Statistics
EPS (TTM)-0.14
Shares Outstanding450,173,100
10 Day Avg. Volume1,580,821
30 Day Avg. Volume1,064,675
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)-2.95
Price to Sales (P/S)0.20
P/FCF Ratio2.62
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£34.00Price Target Upside13.71% Upside
Rating ConsensusHold
Number of Analyst Covering2
EPS Forecast (FY)0.09
Revenue Forecast (FY)£1.87B
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 e...
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...
888 Holdings Earnings Call Summary
Earnings Call Date:Aug 13, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Apr 29, 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.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.
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.
Read all updates
Q2-2025 Updates
Positive
Negative
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.
Read all positive updates
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
Income Statement
45
Neutral
Balance Sheet
30
Negative
Cash Flow
60
Neutral
| 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
Positive
29.90
Price Trends
28.05
Positive
27.74
Positive
42.50
Negative
Market Momentum
1.29
Negative
75.52
Negative
86.84
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:EVOK, the sentiment is Positive. The current price of 29.9 is above the 20-day moving average (MA) of 29.29, above the 50-day MA of 28.05, and below the 200-day MA of 42.50, indicating a neutral trend. The MACD of 1.29 indicates Negative momentum. The RSI at 75.52 is Negative, neither overbought nor oversold. The STOCH value of 86.84 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:EVOK.
888 Holdings Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | £84.64M | 14.08 | 22.77% | ― | 21.27% | 21.93% | |
65 Neutral | £424.40M | 6.26 | 9.03% | 2.58% | 8.26% | 263.36% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
60 Neutral | £934.06M | 0.68 | 92.10% | 163.36% | ― | ― | |
55 Neutral | £3.45B | -7.35 | -57.07% | 2.24% | 5.14% | -7.80% | |
53 Neutral | £11.02M | -73.85 | ― | ― | ― | ― | |
41 Neutral | £165.92M | -1.51 | 74.03% | ― | 5.26% | 32.20% |
* Consumer Cyclical Sector Average
GB:EVOK
888 Holdings
37.00
-13.15
-26.22%
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30.40
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888 Holdings Corporate Events
Regulatory Filings and Compliance
Evoke Confirms Total Voting Rights at Year-End 2025
Neutral
Jan 2, 2026
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 v...
Business Operations and StrategyFinancial Disclosures
evoke plc to Publish FY 2025 Trading Update
Positive
Dec 18, 2025
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...
Business Operations and StrategyM&A Transactions
Evoke plc Initiates Strategic Review to Explore Growth Options
Neutral
Dec 10, 2025
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...
Regulatory Filings and Compliance
Evoke PLC Announces Total Voting Rights
Neutral
Dec 1, 2025
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...
Business Operations and StrategyRegulatory Filings and Compliance
Evoke Plc Warns of Negative Impact from UK Gaming Duty Increases
Negative
Nov 26, 2025
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 l...
Regulatory Filings and Compliance
Evoke PLC Announces Total Voting Rights
Neutral
Nov 3, 2025
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 car...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Evoke Plc Reports Continued Revenue Growth and Strategic Advancements in Q3 2025
Positive
Oct 28, 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...
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.