Business
FY2024 Results
FY2024 Results.
About this update from Evoke Plc
[{"type":"text","content":"\n\n \n \n26 March 2025 \n \nevoke Plc \n(\"evoke\" or \"the Group\") \n \nFY2024 Results\n \nFY2024 Adjusted EBITDA slightly ahead of top end of guidance range with strong second half of the year\n \nSignificant transformation of the business showing results; no change to FY25 expectations\n \nevoke (LSE: EVOK), one of the world's leading betting and gaming companies with internationally renowned brands including William Hill, 888 and Mr Green, today announces its preliminary unaudited financial results for the year ended 31 December 2024 (\"FY24\" or the \"Period\").\n \n\n\n\n\n \n\n\nReported\n\n\nAdjusted1\n\n\n\n\n£ millions\n\n\n2024\n\n\n20232\n\n\nYoY%\n\n\n2024\n\n\n20232\n\n\nYoY%\n\n\n\n\nRevenue\n\n\n1,754.5\n\n\n1,710.9\n\n\n+3%\n\n\n1,754.5\n\n\n1,710.9\n\n\n+3%\n\n\n\n\nEBITDA1\n\n\n230.6\n\n\n252.5\n\n\n-9%\n\n\n312.5\n\n\n299.5\n\n\n+4%\n\n\n\n\n(Loss) / profit after tax\n\n\n(191.4)\n\n\n(65.2)\n\n\n-194%\n\n\n(28.8)\n\n\n39.3\n\n\nNMF\n\n\n\n\n(Loss) / earnings per share (p)\n\n\n(42.7)\n\n\n(14.5)\n\n\n-194%\n\n\n(6.4)\n\n\n8.8\n\n\nNMF\n\n\n\n\n*NMF means not a meaningful figure\n \nFinancial highlights:\n\n\n\n\n· \n\n\nAchieved all commitments outlined in H1 results to deliver a significant step change in profitability in H2. H2 Adjusted EBITDA of £197m represented 33% growth year-on-year and 71% growth half-on-half driven by return to revenue growth, strong cost control, and increasingly efficient operating model. FY24 Adjusted EBITDA margin of 17.8% with H2 Adjusted EBITDA margin of 22.1%\n \n\n\n\n\n· \n\n\nTransformed the business and returned it to growth:\n \n\n\n\n\n \n\n\no \n\n\nGroup Revenue up 3% (4% cc3) returning to growth for the first time in three years, driven by Online performance and strong acceleration in H2 which was up 8% year on year\n \n\n\n\n\n \n\n\no \n\n\nCore Markets4 increased by 6%cc (+12%cc in online) and now represent c.90% of Group revenue\n \n\n\n\n\n \n\n\no \n\n\nUK&I Online back to growth, up 5%, with acceleration in H2, which was up 10% year-over-year, albeit partially helped by favourable sports results in Q4\n \n\n\n\n\n \n\n\no \n\n\nInternational Online increased 10%cc...