Online gambling stocks performance was mixed over the past week, with the sector overall under pressure despite a few notable standouts. While average share prices across the industry declined by 3% and lagged behind the Nasdaq Composite, companies like Evoke and Raketech delivered solid gains, offsetting sharp losses from names such as Betsson. Performance varied by segment, with affiliates showing slight growth, while operators and suppliers generally trended lower.

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 Evoke with an increase of +7%, followed by Raketech (+5%).
  • “Loser” – Betsson had the worst weekly performance in our analysis, with a change of -21%.
  • Comparison to the Nasdaq Composite – Compared to the development of the Nasdaq Composite (-1%), 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 -5%; with Zeal (+3%) leading the ranking.
  • Multi-channel operators – Among the multi-channel operators that also operate a relevant retail business, Evoke 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 -4%. The winner is Jumbo Interactive with +0.5%.
  • Affiliates – On average, affiliates’ shares saw an increase of +0.6% with Raketech (+5%) leading and Gambling.com (-5%) coming last.

The share increase of Evoke

Last week’s positive share development for Evoke largely stemmed from a trading update the company released highlighting stronger-than-expected revenue growth in the fourth quarter, particularly in its online segment, which helped lift investor sentiment. This upbeat outlook, with projected double-digit year-on-year revenue increases and improved performance across key markets, was widely reported and drove confidence in the stock.

The decline of Betsson shares

Last week Betsson’s share price slid sharply after the company issued a Q4 earnings warning, reporting that revenue would be slightly lower year-on-year and that operating profit was expected to fall significantly, which rattled investors. The outlook cited weaker performance in some regions and higher costs, prompting profit concerns that hit sentiment and drove the stock lower. See here more info about the Q4 performance of Betsson.

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