This morning, we were pleased to announce our H1 post-close trading update reporting Q2 revenue growth of 5% and Adjusted EBITDA significantly higher year-on-year. Selected highlights from today’s announcement include: - Revenue growth of 5% in Q2, driven by continued strength in our Core Markets - Retail returned to growth in Q2 following the successful rollout of 5,000 new gaming cabinets - Expected to deliver H1 Adjusted EBITDA in the range of £163-167m, reflecting an increasingly efficient operating model and improved marketing returns - This would bring last twelve months Adjusted EBITDA to over £360m, representing significant year-over-year growth and delivering another period of strong deleveraging The Board has reiterated its FY25 targets of 5-9% revenue growth and Adjusted EBITDA margin of at least 20%. Our CEO, Per Widerström, commented: "Q2 2025 marked our second strongest quarterly revenue performance since the beginning of 2023, a particularly encouraging result given the tough comparator from lapping the Euros. Importantly, this growth was also delivered profitably, in line with our focus on sustainable profitable growth, with H1 Adjusted EBITDA significantly ahead year-over-year, supporting our strong deleveraging trajectory. Our disciplined strategy with clear focus on our Core Markets and driving operational excellence is delivering improved profitability and enabling further deleveraging.” #Growth #ValueCreation #Transformation #TeamEvoke To read the full statement, visit https://lnkd.in/g9J6NpfQ
A brilliant baseline to build on indeed 😊
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