888 Holdings (GB:888) has released an update.
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888 Holdings Plc, a premier global betting and gaming company, has reported Q1 2024 revenues of £431m, surpassing the anticipated guidance and indicating a positive trend with a 2% increase from the previous quarter. The company remains optimistic about returning to year-on-year growth from Q2 2024, fueled by strong customer engagement, new product launches, and strategic initiatives such as the ‘Value Creation Plan’ aimed at revenue growth and improved EBITDA margins. Additionally, the firm is set to rebrand as evoke plc, reflecting a ‘One Company’ approach, and anticipates operational cost savings to reinvest in marketing for further growth.
For further insights into GB:888 stock, check out TipRanks’ Stock Analysis page.
