Online gambling stock performance was mixed last week, with the sector averaging a slight -0.3% decline compared to the Nasdaq’s +3% gain. Super Group led the way with a +19% surge, while Catena Media (-10%) and MGM (-7%) posted the weakest results. Overall, online-focused operators showed the most strength, while affiliates and suppliers lagged behind.

Overview

  • Average growth – On average, share prices analyzed decreased by -0.3% in the last week.
  • “Winner” – The most significant leap in our sample of online gambling-focused companies was taken by Super Group with an increase of +19%, followed by Evoke (+5%).
  • “Loser” – Catena Media and MGM had the worst weekly performance in our analysis, with a change of -10% and -7%.
  • Comparison to the Nasdaq Composite – Compared to the development of the Nasdaq Composite (+3%), 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 +0.9%; with Super Group (+19%) leading the ranking.
  • Multi-channel operators – Among the multi-channel operators that also operate a relevant retail business, Evoke is the “winner” with +5% while the average share development was +0.5%.
  • Suppliers – The shares of the suppliers included in the analysis saw, on average, a decrease of -1%, with Evolution (+2%) leading the ranking.
  • Affiliates – On average, affiliates’ shares saw a decrease of -2% with Better Collective (+3%) leading and Catena Media (-10%) coming last.

The share increase of Super Group

Super Group’s shares climbed between September 2 and 9, 2025, after investors welcomed its record second-quarter results. Revenue jumped 30% while EBITDA surged 78%, and the company also raised its full-year outlook. Adding to the optimism, management announced an Investor Day for September 18, promising more details on its growth strategy. These updates boosted confidence and helped push the stock higher.

The decline of Catena Media shares

Catena Media’s shares came under pressure last week after its Q2 update revealed a steep drop in revenue compared with last year. Even though earnings held up, the weak sales underscored ongoing traffic and marketing challenges, which dented investor confidence.

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