Evoke reports 2% FY25 revenue rise amid ongoing strategic review
Adjusted EBITDA up 14% to £356.2m ($477.3m) with margin expanding to 20%.
Adjusted EBITDA up 14% to £356.2m ($477.3m) with margin expanding to 20%.
The contest featured thousands of submissions before a statewide vote narrowed the field to 50 top dog finalists, with the 18 winners selected during a press conference held on April 29.
The real estate investment trust also unveiled an expansion to its strategic relationship with Cain and Eldridge Industries, providing a $1.5bn mezzanine loan for construction financing.
The operator managed to generate $82.7m of net income during the first quarter of 2026, also witnessing a 1.2% year-over-year decrease in adjusted EBITDA for a total of $212.6m.
The operator’s Las Vegas Strip resorts segment increased revenue by 0.2% to $2.2bn, representing the first year-over-year increase for Las Vegas operations since Q3 2024.
The figures represent increases of 41% and 134%, respectively, while the operator also managed to set a quarterly record in adjusted EBITDA after witnessing 81% growth to $60.2m.
Despite reporting a 2.7% net revenue increase for Q1 2026, the operator witnessed stagnant results from its Las Vegas segment, which generated just over $1bn during the quarterly period.
Total revenue for the quarter was €347m ($296.9m), up 11% year-on-year, while the company reported a €6m loss for the period.
Net gaming revenue was SEK 1.21bn ($130.3m), up around 0.5% from the same period last year, while operating profit rose by about 22.1% to SEK 326m.
Gaming and real estate segments contribute to first-quarter growth.