Online gambling stocks performance was mixed last week, with most gambling-related shares moving only slightly overall. Bet-at-Home posted the biggest gain in the group with a 15% jump, while Better Collective and Gentoo Media recorded the sharpest declines. Compared to the Nasdaq Composite, which rose 1% during the same period, the broader online gambling sector delivered a weaker weekly performance.

Overview

  • Average growth – On average, share prices analyzed increased by +0.1% in the last week.
  • “Winner” – The most significant leap in our sample of online gambling-focused companies was taken by Bet-at-Home with an increase of +15%, followed by Evolution (+5%).
  • “Loser” – Better Collective and Gentoo Media had the worst weekly performance in our analysis, with a change of -13% and -8%.
  • Comparison to the Nasdaq Composite – Compared to the development of the Nasdaq Composite (+1%), 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 +0.4%; with Bet-at-Home (+15%) leading the ranking.
  • Multi-channel operators – Among the multi-channel operators that also operate a relevant retail business, Evoke is the “winner” with +4% while the average share development was +2%.
  • Suppliers – The shares of the suppliers included in the analysis saw, on average, an increase of +0.1%. The winner is Evolution with +5%.
  • Affiliates – On average, affiliates’ shares saw a decrease of -3% with Gambling.com (+3%) leading and Better Collective (-13%) coming last.

The share increase of Bet-at-Home

Bet-at-Home’s share price increase between 18 and 22 May appeared to be linked to investor reaction following the company’s Q1 2026 update and the upcoming annual general meeting scheduled for 29 May. In its recent statements, the company pointed to cost-saving measures and expectations of stronger betting activity around the 2026 FIFA World Cup, while ongoing management and shareholder changes also kept attention on the stock.

The decline of Better Collective shares

Better Collective’s share price came under pressure after the company released its Q1 2026 results on 21 May, with investors reacting to weaker performance in Brazil and lower activity from US partners. The update showed a decline in new depositing customers and ongoing revenue pressure linked to regulatory changes in Brazil, even though the company kept its full-year guidance unchanged.

 

Please find more data and the methodology applied in the current edition of the OGQ Magazine. Also, find more content in our data section.