Evoke reports slower revenue growth due to safer gambling measures but exceeds profit expectations.

Evoke, which owns brands like William Hill, reported a slower first-quarter revenue growth due to measures to reduce gambling harm, expecting a rise of only low single digits, lower than the projected 5%-9% full-year growth. Despite this, the company saw a 6% rise in online gambling sales in 2024 and plans to cut costs by £15-25 million in 2025 to offset the impact of safer gambling measures and increased wages. Overall, Evoke reported a £312.5m adjusted core profit, exceeding analyst estimates.