Online gambling stocks performance showed a mixed picture last week, with the sector overall trending lower despite a few standout gainers. While companies such as Evolution and Playtech posted solid gains, sharp declines from Gambling.com and Bragg weighed heavily on the broader market sentiment. Compared to the largely flat Nasdaq Composite, the online gambling sector underperformed, particularly in the affiliate segment.

Overview

  • Average growth – On average, share prices analyzed decreased by -3% in the last week.
  • “Winner” – The most significant leap in our sample of online gambling-focused companies was taken by Evolution with an increase of +5%, followed by Playtech (+5%).
  • “Loser” – Gambling.com had the worst weekly performance in our analysis, with a change of -45%.
  • Comparison to the Nasdaq Composite – Compared to the development of the Nasdaq Composite (-0.2%), 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 -0.6%; with DraftKings (+2%) leading the ranking.
  • Multi-channel operators – Among the multi-channel operators that also operate a relevant retail business, Evoke is the “winner” with +3% while the average share development was 0%.
  • Suppliers – The shares of the suppliers included in the analysis saw, on average, a decrease of -3%. The winner is Evolution with +5%.
  • Affiliates – On average, affiliates’ shares saw a decrease of -11% with Raketech (+2%) leading and Gambling.com (-45%) coming last.

The share increase of Evolution

Evolution’s share price received support last week following continued positive sentiment around its expansion strategy and strong positioning in regulated markets. Investors also reacted favorably to commentary tied to the company’s recent Q1 updates, including growth in North America and Latin America, as well as the rollout of new Monopoly-branded live casino products in the US market.

The decline of Gambling.com shares

Gambling.com’s shares came under pressure last week after the company released its first-quarter results, which included softer-than-expected revenue growth and a more cautious outlook for parts of 2026. Investor sentiment was also impacted by concerns around lower marketing activity from sportsbook operators in North America, a key market for the affiliate business.

 

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