Online gambling stocks performance was negative last week, with the companies analyzed falling by an average of 2%, compared with a 2% gain for the Nasdaq Composite. Gambling.com led the ranking with a 3% increase, while Gentoo Media was the clear underperformer, dropping 33%.

Overview

  • Average growth – On average, share prices analyzed decreased by -2% in the last week.
  • “Winner” – The most significant leap in our sample of online gambling-focused companies was taken by Gambling.com with an increase of +3%, followed by Better Collective (+2%).
  • “Loser” – Gentoo Media and Bet-at-Home had the worst weekly performance in our analysis, with a change of -33% and -6%.
  • Comparison to the Nasdaq Composite – Compared to the development of the Nasdaq Composite (+2%), 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, a decrease of -1%; with Zeal (+2%) leading the ranking.
  • Multi-channel operators – Among the multi-channel operators that also operate a relevant retail business, Caesars is the “winner” with +0.2% while the average share development was -2%.
  • Suppliers – The shares of the suppliers included in the analysis saw, on average, a decrease of -1%. The winner is Evolution with +1%.
  • Affiliates – On average, affiliates’ shares saw a decrease of -6% with Gambling.com (+3%) leading and Gentoo Media (-33%) coming last.

The share increase of Gambling.com

Gambling.com Group, now trading as Grandstand, benefited from improved investor sentiment after Zacks Research upgraded the stock from “Strong Sell” to “Hold” during the week. The move was also supported by reports of institutional buying, including AWM Investment Company disclosing a stake worth around USD 5.1m.

The decline of Gentoo Media shares

The main trigger was Gentoo Media’s Q2 report on 26 August, when the company reported a 9% revenue decline and cut its full-year 2026 revenue guidance to EUR 97–100m from EUR 105–115m. Investor concerns were compounded by the ongoing refinancing process, with Gentoo still evaluating options ahead of its bond maturity, helping explain the sharp sell-off during the week.

 

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