UK's Evoke falls after withholding 2026 outlook, Q4 revenue drop

Evoke

27/01/2026 08:10

** Shares of William Hill UK and 888 owner Evoke EVOK.L fall 9.5% to 24.75 pence; top loser on FTSE small-cap index

** Co reports 3% Y/Y decline in Q4 revenue, withholds guidance as it reviews strategic options following UK budget's increased gambling sector taxes

** "We continue to believe these tax increases will negatively impact the industry's economic contribution, customer protection, and will ultimately serve to support further growth in the illegal black market," says CEO Per Widerstrom

** Peel Hunt says EVOK's equity value has been substantially reduced, creating the potential for large changes in the share price and some clarity about the future of the business could emerge as soon as 2025 results

** Stock fell ~64% in 2025, while FTSE small-caps rose 10.1%

 (Reporting by DhanushVignesh Babu in Bengaluru)

 ((DhanushVignesh.Babu@thomsonreuters.com))