The Online gambling stocks performance was slightly negative last week, with the companies analyzed declining by an average of 0.4%, underperforming the flat Nasdaq Composite. DraftKings stood out with an 8% gain, while Catena Media was the clear laggard, falling 30% and weighing heavily on the affiliate segment.

Overview

  • Average growth – On average, share prices analyzed decreased by -0.4% in the last week.
  • “Winner” – The most significant leap in our sample of online gambling-focused companies was taken by DraftKings with an increase of +8%, followed by Raketech (+4%).
  • “Loser” – Catena Media had the worst weekly performance in our analysis, with a change of -30%.
  • Comparison to the Nasdaq Composite – Compared to the development of the Nasdaq Composite (+0.5%), the average development of the online gambling industry looks “worse”.

Segment-specific developments

  • Online-focused operators – The shares of online-focused operators included in the analysis saw, on average, an increase of +2%; with DraftKings (+8%) leading the ranking.
  • Multi-channel operators – Among the multi-channel operators that also operate a relevant retail business, Entain is the “winner” with +3% while the average share development was +0.4%.
  • Suppliers – The shares of the suppliers included in the analysis saw, on average, a decrease of -0.2%. The winner is Sportradar with +4%.
  • Affiliates – On average, affiliates’ shares saw a decrease of -5% with Raketech (+4%) leading and Catena Media (-30%) coming last.

The share increase of DraftKings

DraftKings’ shares rebounded during the week as investors looked beyond its weaker Q2 results and focused on encouraging underlying trends, including double-digit sportsbook handle growth in July and continued traction in prediction markets. The company also maintained its full-year revenue guidance despite the quarterly earnings miss, helping restore some investor confidence after the initial post-results sell-off.

The decline of Catena Media shares

Catena Media’s sharp decline was tied to its Q2 2026 results released on 11 August, which became the key company-specific event for the stock during the week. The sell-off suggests investors were disappointed with the update and increasingly cautious about whether the company can sustain its recent recovery and deliver on its target of double-digit organic revenue and adjusted EBITDA growth in 2026.

 

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