888 Issues Q1 Review, Aims for Q2 Expansion
Slammin' Quarter for 888, Baby!
Global gaming titan 888 ain't no slouch, as they've just gobbed up a chunky €535.8 million ($535.8 million) in Q1 revenue, beating their own damn estimates. That's an impressive 2% boost compared to the last quarter, signaling the start of a positive trend. And get this — they're predicting a whopping 5-9% revenue increase throughout the year, starting with Q2.
In the UK & Ireland, the online sector saw a surge in engagement, racking up a whopping 9% more active users per month. Revenue dropped slightly, but we can expect that to change from Q2 onwards. The company's international online segment is doing swell too, with a 6% increase in Q1 revenues compared to Q4.
Now, let's talk about the retail sector. Sorry to say, but a 7% revenue decline was had due to shop optimization. Ain't no party in that part of the business just yet, but we'll keep our eyes peeled for a turnaround.
The CEO, Per Widerström, wore a big ol' grin when he talked about the report. He's chuffed as a clam about outlining the company's Value Creation Plan in March and can hardly wait to show off the improvements.
The company's got big plans, kid. They're trimming down, positioning themselves for long-term success, and there's lots more to come in the next few months. And if that ain't enough, they're gunning for growth in Canada, aiming to capitalize on new opportunities north of the border.
Now, let's set the record straight. There seems to be some confusion between 888 Holdings and Evoke, but we'll focus on 888 for this ride. For detailed info on Evoke, I'd recommend checking their press releases or financial reports. Stay tuned for more updates on our favorite gaming giant!
Thanks for the insightful report on 888's Q1 performance, highlighting a revenue of €535.8 million ($535.8 million) and a predicted 5-9% increase throughout 2023. It's interesting to note that the UK & Ireland online sector saw an increase in active users, while the retail sector experienced a 7% revenue decline.
CEO Per Widerström expressed his satisfaction with the report, and we eagerly await the implementation of his Value Creation Plan. With a focus on long-term success and potential growth in Canada, it's an exciting time for investors in the 888 Holdings' business.
However, it's important to distinguish 888 Holdings from Evoke. For more information on Evoke, please refer to their press releases or financial reports. Keep an eye on updates from our favorite gaming giant and stay tuned for more developments!
