Gambling leader evoke has published its financial results for the three-month period ended September 30, 2025 (Q3). The company highlighted slight increases across the board and expressed confidence in delivering adjusted EBITDA ahead of current market expectations.

Evoke Reports Its Fifth Consecutive Quarter of Growth

In its report, evoke highlighted revenue of GBP 435 million ($577.6 million) for the year, up 5% year-on-year. This marked the fifth consecutive quarter of YOY revenue growth, the company pointed out. Evoke attributed the favorable metric to its return to growth in the retail sector. On a year-to-date basis, evoke reported revenue of GBP 1.32 billion ($1.75 billion).

Evoke added that it remains committed to growing its business sustainably and said that its contribution is growing faster than its revenue.

The UK&I Online division reported slight growth of 1% year-on-year. The division was underpinned by an 8% growth in online sports betting, which was mostly offset by a 2% decrease in gaming.

The international segment, on the other hand, experienced an 8% growth in revenue, thanks to favorable performance in certain markets, such as Italy, Denmark, and Romania. However, a slowdown in Spain and certain other markets inhibited the segment’s growth.

The retail sector, meanwhile, experienced improvement of 6%, reflecting 6% growth in both gaming and betting. These results were underpinned by weaker win margins in betting and the rollout of new gaming machines.

The company confirmed the successful refinancing of the 2027 EUR fixed rate notes and reported strong investor demand for the new 8.0% EUR fixed rate notes due 2031. Evoke also predicted GBP 5 million ($6.64 million) in annualized cash interest cost savings.

A Quarter of Significant Progress

Evoke also disclosed some of its Q3 highlights, which included growth in Denmark and continued market share gains in Italy’s casino sector.

In the meantime, the company migrated its 888 Romania brand into the localized Winner.ro platform. Despite an initial slowdown, the change has now begun to drive improvements.

The William Hill season has experienced a tremendous start to the soccer season, with its free to play game Final One Standing attracting some 300,000 entrants in the first week alone.

The William Hill Vegas app, on the other hand, introduced significant improvements, vastly enhancing the player experience.

Evoke also highlighted the launch of its omni-channel Acca Boost product, which delivered growth in soccer accumulator business.

Evoke on Track to Beating Market Expectations

Evoke’s CEO, Per Widerström, commented on the report, saying that he is pleased with the progress in executing the company’s strategy. While he acknowledged that there were a few setbacks, Widerström hailed what was the company’s fifth quarter of growth in a row.

According to the CEO, the company has clear plans for further improvements in Q4 and is also working on improvements to its customer lifecycle management capabilities, operating model and efficiencies.

As a result, Widerström remained optimistic about the company’s ability to achieve its implied Adjusted EBITDA guidance, which would outperform market expectations.

We continue to execute our turnaround with vigour and are making good progress against our plans to position evoke for long-term success and significant value creation.

Speaking of the company’s forecasts, the company reiterated its FY 2025 guidance of achieving adjusted EBITDA margin of at least 20%. The company’s medium-term financial targets include annual revenue growth of 5-9%, approximately 100bps of adjusted EBITDA margin expansion per year, and leverage below 3.5x by the end of 2027.