EarningsQ2 2026 Earnings Report
DE:C8V Q2 2026 EPS Results
Actual EPS-€0.18
Consensus EPS―
Beat/Miss―
One Year Ago EPS-€0.17
DE:C8V Q2 2026 Revenue Results
Actual Revenue€1.05B
Expected Revenue―
Beat/Miss―
YoY Revenue Growth-0.03%
Earnings Announcement Details
QuarterQ2 2026
Date08/12/2026
TimeBefore Open
Conference CallWednesday, August 12, 2026
DE:C8V Upcoming Earnings
888 Holdings's next earnings date is estimated for March 31, 2027, based on past reporting schedules.
Q2 2026 Earnings Call Audio
No earnings call audio is available for this earnings event.
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a mixed picture: the business showed clear resilience with stable group revenue (GBP 888m), like-for-like growth, strong UK&I online and select international market outperformance (Italy, Denmark), effective mitigation actions that offset more than half of a GBP 46m duty headwind, positive underlying free cash flow (GBP 85m) and solid liquidity (~GBP 150m). However, adjusted EBITDA declined ~10% to GBP 150m, international EBITDA fell 20%, leverage increased to 5.6x and there were material one-off/exceptional costs and significant store closures. Management highlighted strategic action (recommended acquisition) to address capital structure constraints. Overall, positives around operational execution and cash generation are balanced by notable profitability and capital-structure challenges.Company Guidance
Group Revenue Stable with Like-for-Like Growth
Group revenue was GBP 888 million (stable year-on-year) and increased by 2% on a like-for-like basis after accounting for 270 store closures.
Strong UK&I Online Performance
Total online revenue increased 1% with UK&I online up 4% and gaming up 7%; UK&I online adjusted EBIT/EBITDA increased 28%, driven by William Hill Vegas (double-digit growth), marketing efficiency and operational gearing.
Marked International Outperformance in Key Markets
Italy revenue grew 21% and Denmark grew 13%, contributing strong top-line performance in core regulated markets.
Retail Profitability Improvement Despite Smaller Estate
Retail reported revenue declined 3% due to 270 fewer shops, but like-for-like retail revenue grew 4% and retail adjusted EBITDA increased 5%, supported by machine rollout (2,000 new self-service betting terminals) and closures of structurally loss-making shops.
Mitigation Actions Offsetting Duty Headwind
Management offset more than half of the GBP 46 million year-on-year gaming duty headwind through lower but more productive marketing, promotional efficiency and operational cost savings, limiting adjusted EBITDA decline.
Positive Cash Generation and Liquidity
Underlying free cash flow was GBP 85 million for the period; period-end cash was GBP 106 million with GBP 43 million undrawn RCF giving total liquidity of approximately GBP 150 million.
World Cup Outperformance
World Cup commercial and operational execution exceeded revenue expectations and delivered stronger-than-expected customer engagement, providing a positive commercial springboard into the football season.
Strategic Outcome to Address Capital Structure
Board recommended acquisition by Bally's Intralot after strategic review; acquisition expected to complete in Q4 2026 or Q1 2027, intended to provide a clearer path to a more sustainable capital structure.
Sportsbook Margin Expansion
Sportsbook stakes declined 9% but sportsbook margin expanded by c.60 basis points to ~13.2%, reflecting improved product, pricing and focus on higher-margin products (Accas, Bet Builders).
DE:C8V Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed