Earnings call transcript: Evoke holds revenue steady in H1 2026 as duties bite
Evoke reported steady revenue in the first half of 2026 despite higher gaming duties impacting profitability. The company's revenue stood at GBP 888 million, with adjusted EBITDA at GBP 150 million, a 10% decrease from the previous year. Evoke offset over half of a GBP 46 million duty headwind through cost and marketing improvements.
Its core U.K. and Ireland online business, William Hill Vegas, and stronger customer monetization drove growth. Despite strong revenue in Italy and Denmark, Spain and other markets faced weaker performance. The company closed 270 loss-making stores, improving its remaining retail estate. Evoke absorbed the duty increase and protected revenue, demonstrating resilience in a challenging environment. The stock saw a 0.88% increase, trading near its 52-week high.
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