Evoke Q1 revenue flat on tightening UK regulation and disappointing betting activity
Evoke’s Q1 group revenue remained flat with 1% growth, as it grappled incoming regulations in the UK and a drop in betting stakes.
Publishing a trading update this morning (25 April), Evoke sets out certain key figures for its Q1 period. This covers the three months through to 31 March, with full Q1 data due at a later date.
Group revenue hit £437.2 million (€512.5 million/$581.3 million), marginally ahead of the £431.2 million posted in the same period last year.
The operator said it was impacted by new safer gambling regulatory measures in the UK and reduced sports revenues. Its UK and Ireland business saw revenue decline 1% during the period.
The group revenue fell short of Evoke’s annual growth target of between 5% and 9%, but CEO Per Widerström said the group remained upbeat on future performance.
He expects the operator to achieve its full-year growth objectives despite revenue falling below its annual growth target and only increasing 1% year-on-year during Q1.
Evoke op..
