Online gambling stocks performance was broadly positive over the past week, with the companies in our analysis posting an average share price gain of 2%, outperforming the flat performance of the Nasdaq Composite. Gentoo Media delivered the strongest advance, while Entain and Gambling.com were the weakest performers, highlighting a mixed picture across individual stocks despite the sector’s overall resilience.

Overview

  • Average growth – On average, share prices analyzed increased by +2% in the last week.
  • “Winner” – The most significant leap in our sample of online gambling-focused companies was taken by Gentoo Media with an increase of +23%, followed by Catena Media (+13%).
  • “Loser” – Entain and Gambling.com had the worst weekly performance in our analysis, with a change of -11% and -6%.
  • Comparison to the Nasdaq Composite – Compared to the development of the Nasdaq Composite (+0%), the average development of the online gambling industry looks “better”.

Segment-specific developments

  • Online-focused operators – The shares of online-focused operators included in the analysis saw, on average, an increase of +2%; with Bet-at-Home (+7%) leading the ranking.
  • Multi-channel operators – Among the multi-channel operators that also operate a relevant retail business, FDJ United is the “winner” with +4% while the average share development was -1%.
  • Suppliers – The shares of the suppliers included in the analysis saw, on average, an increase of +1%. The winner is Jumbo Interactive with +9%.
  • Affiliates – On average, affiliates’ shares saw an increase of +6% with Gentoo Media (+23%) leading and Gambling.com (-6%) coming last.

The share increase of Gentoo Media

Gentoo Media’s strong share price performance during the week was likely supported by a regulatory filing on 3 July showing insider share purchases, with CEO Jonas Warrer disclosing that he had acquired additional shares in the company. Insider buying is often viewed by investors as a signal of management’s confidence in the business, which appears to have strengthened market sentiment and contributed to the stock’s advance.

The decline of Entain shares

Entain’s shares came under pressure after the market digested the company’s announced partial exit from its Central and Eastern European business, with analysts shifting the focus to the possibility of further asset disposals, including its Italian operations. While the long-term strategic rationale was viewed positively, the discussion reinforced investor concerns about Entain’s ongoing restructuring and the challenges facing the group, weighing on sentiment during the week.

 

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