Evoke Q3 Revenue Falls on Shop Closures
William Hill owner Evoke reported a two percent drop in third quarter revenue to four hundred six million pounds. The decline was driven by UK store closures and unfavourable sports results at the start of the football season.
Insights:
Evoke reported a 2% fall in third-quarter revenue to £406 million ($543.51 million) on Friday morning, weighed down by shop closures and unfavorable sports results. The William Hill owner's quarterly performance highlights the ongoing strain of increased industry taxation on its retail operations. Higher payouts to winning bettors at the start of the football season also trimmed revenue growth by 1 to 2 percentage points year-on-year.
