The online gambling stocks performance was slightly negative last week, with shares in our analysis falling by 0.8% on average, but still outperforming the Nasdaq Composite, which dropped 4%. Bragg led the group with a 9% gain, followed by Entain at 4%, while Grandstand (-9%) and Bet-at-Home (-8%) recorded the largest declines.

Overview

  • Average growth – On average, share prices analyzed decreased by -0.8% in the last week.
  • “Winner” – The most significant leap in our sample of online gambling-focused companies was taken by Bragg with an increase of +9%, followed by Entain (+4%).
  • “Loser” – Grandstand and Bet-at-Home had the worst weekly performance in our analysis, with a change of -9% and -8%.
  • Comparison to the Nasdaq Composite – Compared to the development of the Nasdaq Composite (-4%), 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, a decrease of -2%; with Betsson (+4%) leading the ranking.
  • Multi-channel operators – Among the multi-channel operators that also operate a relevant retail business, Entain is the “winner” with +4% while the average share development was -0.5%.
  • Suppliers – The shares of the suppliers included in the analysis saw, on average, an increase of +0.6%. The winner is Bragg with +9%.
  • Affiliates – On average, affiliates’ shares saw a decrease of -1% with Catena Media (+3%) leading and Grandstand (-9%) coming last.

The share increase of Bragg

Bragg’s share price increase may have been supported by the company’s October 12 announcement of new agreements with Trustly, CheckIn.com, Mindway AI and Mollie. The partnerships expand Bragg’s player account management platform with additional payment, identity verification and responsible gambling tools, strengthening its offering to operators ahead of Finland’s regulated market opening in 2027.

The decline of Grandstand shares

Grandstand’s shares declined during October 12–16, although no company-specific announcement was identified that would explain the drop. The weakness may partly reflect broader selling pressure in US equities during the week, alongside continued investor concerns about the company’s declining affiliate marketing earnings.

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