Evoke revenue for the third quarter of 2024 was fuelled by a positive trajectory of gaming for the firm, which grew by 10%.
Overall, revenue for evoke reached £417m, a 3% increase on the same period from the previous year, causing the group to confirm expectations for the second half of 2024 are in line with the mid-term target of 5-9% year-over-year growth.
The quarter marks the first time that the operator has reported growth since the opening quarter of 2022, as it shifts focus from the UK.
Furthermore, online core market growth was key for the firm, as its revenue was enhanced by 11% in its most targeted regions.
This included a heightened focus on the Italian market, where the firm lauded its podium position following revenue growth in the region of 31%.
There was also praise for evoke’s entry into the Romanian market following the acquisition of Winner.ro in Romania, enabling the firm to take a leadership position in its new core market.
It underlines a period of transformation for the operator under the leadership of CEO Per Widerström, with the operator reporting year-to-date revenues standing at £1.27bn (-1%).
Widerström commented: “I have now been in position for a year, and I am pleased that the turnaround of the business is working, with the first quarter of revenue growth since Q1 2022 and positive underlying trends. We are achieving our plans to improve trading in the short-term, while simultaneously radically transforming the Group’s capabilities for the long-term.
“Our online business is a clear growth engine for the Group and we saw a return to double-digit online revenue growth in our core markets in Q3 2024 underpinned by our focused market strategy and supported by important product investments and the results of our clearer customer value proposition and segmentation.
“I am pleased to report a strong quarter of progress as we continue to implement our strategy for success and deliver our value creation plan. We are moving decisively and at pace to position evoke for long-term growth, and I look forward to providing further updates about our progress in the coming months.”
Q3 differences were however seen in the UK & Ireland, where a 12% increase in online gaming revenues to £115m was offset by a 13% decline in sports betting to £47m.
