Online gambling stocks performance weakened over the past week, with the companies in our analysis posting an average share price decline of 2%, underperforming the Nasdaq Composite’s 1% loss. Gentoo Media stood out with the strongest gain at 8%, while Flutter recorded the sharpest decline, highlighting another mixed week across the sector.

Overview

  • Average growth – On average, share prices analyzed decreased by -2% in the last week.
  • “Winner” – The most significant leap in our sample of online gambling-focused companies was taken by Gentoo Media with an increase of +8%, followed by Bet-at-Home (+3%).
  • “Loser” – Flutter  had the worst weekly performance in our analysis, with a change of -11%.
  • 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 -3%; with Bet-at-Home (+3%) leading the ranking.
  • Multi-channel operators – Among the multi-channel operators that also operate a relevant retail business, Caesars is the “winner” with +0.7% while the average share development was -1%.
  • Suppliers – The shares of the suppliers included in the analysis saw, on average, a decrease of -3%. The winner is Kambi with +3%.
  • Affiliates – On average, affiliates’ shares saw a decrease of -0.2% with Gentoo Media (+8%) leading and Gambling.com (-5%) coming last.

The share increase of Gentoo Media

Gentoo Media’s shares were supported by the company’s announcement of Måns Svalborn as its new Chief Financial Officer on 13 July. Investors appeared to welcome the appointment, as Svalborn brings more than two decades of financial leadership experience in the iGaming sector, including his previous role as Group CFO at Raketech, reinforcing confidence in Gentoo’s management team following the CFO transition earlier this year.

The decline of Flutter shares

Flutter did not announce any material company-specific news between 13 and 17 July that would explain the sharp share price decline. Instead, the stock appears to have come under pressure as investors continued to rotate out of growth names during a broader market sell-off, while ongoing concerns about increasing competition from prediction markets and the company’s upcoming London Stock Exchange delisting continued to weigh on sentiment.

 

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