The online gambling stocks performance last week painted a mostly downbeat picture, with the sector averaging a 4% decline and lagging behind the broader Nasdaq Composite. A few names bucked the trend – most notably Codere Online and Kambi – while others, including Gambling.com and Flutter, saw steep drops. Across all segments, from operators to affiliates, weakness was the prevailing theme despite a handful of isolated gains.

Overview

• Average growth – On average, share prices analyzed decreased by -4% in the last week.
• “Winner” – The most significant leap in our sample of online gambling-focused companies was taken by Codere Online with an increase of +3%, followed by Kambi (+1%).
• “Loser” – Gambling.com and Flutter had the worst weekly performance in our analysis, with a change of -24% and -13%.
• 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, a decrease of -2%; with Codere Online (+3%) leading the ranking.
• Multi-channel operators – Among the multi-channel operators that also operate a relevant retail business, MGM is the “winner” with -1% while the average share development was -4%.
• Suppliers – The shares of the suppliers included in the analysis saw, on average, a decrease of -2%. The winner is Kambi with +1%
• Affiliates – On average, affiliates’ shares saw a decrease of -9% with Better Collective (-0.2%) leading and Gambling.com (-24%) coming last.

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