Last week’s Online gambling stocks performance showed modest but overall positive movement across the sector. While the average share price in our sample rose slightly, several companies posted stronger gains, led by Catena Media and Better Collective, even as a few operators recorded notable declines. Compared with the Nasdaq Composite, which fell over the same period, the online gambling sector held up relatively well.

Overview

  • Average growth – On average, share prices analyzed increased by +0.7% in the last week.
  • “Winner” – The most significant leap in our sample of online gambling-focused companies was taken by Catena Media with an increase of +13%, followed by Better Collective (+10%).
  • “Loser” – OPAP and Jumbo Interactive had the worst weekly performance in our analysis, with a change of -9% and -9%.
  • Comparison to the Nasdaq Composite – Compared to the development of the Nasdaq Composite (-2%), 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 Flutter (+7%) leading the ranking.
  • Multi-channel operators – Among the multi-channel operators that also operate a relevant retail business, Caesars is the “winner” with +7% while the average share development was +0.4%.
  • Suppliers – The shares of the suppliers included in the analysis saw, on average, a decrease of -2%. The winner is Evolution with +3%.
  • Affiliates – On average, affiliates’ shares saw an increase of +3% with Catena Media (+13%) leading and Gentoo Media (-7%) coming last.

The share increase of Catena Media

Catena Media’s share price increase in the first week of March likely reflects continued investor reaction to the company’s recently published Q4 2025 results and related communications. In its February report, the company highlighted improved profitability and revenue growth, signalling that ongoing optimisation measures are beginning to deliver results. That update appears to have supported positive sentiment among investors, which likely carried over into the following week and helped lift the stock.

The decline of OPAP shares

OPAP’s share price decline during the week of 2–6 March appears to be linked to the company’s FY2025 results released on 2 March. While OPAP reported record revenue, profitability indicators disappointed investors, with Q4 EBITDA falling 13.5% year-on-year and net profit down more than 16%, largely due to higher operating costs such as marketing and payroll expenses. This weaker-than-expected earnings momentum likely weighed on market sentiment in the days following the announcement.

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