Online gambling stocks performance was broadly negative last week, with the companies in our sample posting an average share price decline of 2%, underperforming the Nasdaq Composite, which fell by 1%. While Bragg and Catena Media stood out with solid gains, weakness across several major operators and suppliers weighed on the sector, with Playtech and DraftKings recording the steepest declines. Across most segments, share prices moved lower, highlighting the cautious sentiment that continues to shape the online gambling industry.

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 Bragg with an increase of +5%, followed by Catena Media (+4%).
  • “Loser” – Playtech and DraftKings had the worst weekly performance in our analysis, with a change of -10% and -8%.
  • 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 PointsBet (+2%) leading the ranking.
  • Multi-channel operators – Among the multi-channel operators that also operate a relevant retail business, Evoke is the “winner” with +2% while the average share development was -3%.
  • Suppliers – The shares of the suppliers included in the analysis saw, on average, a decrease of -3%. The winner is Bragg with +5%.
  • Affiliates – On average, affiliates’ shares saw a decrease of -0.7% with Catena Media (+4%) leading and Gambling.com (-3%) coming last.

The share increase of Bragg

Bragg’s shares moved higher during the week after the company announced the results of its Annual Meeting of Shareholders on June 19, where all nominated directors were elected with strong shareholder backing. Investors also continued to react positively to the company’s recently announced private placement and the involvement of industry veteran Matt Davey, which reinforced confidence in Bragg’s growth strategy and long-term outlook.

The decline of Playtech shares

Playtech’s shares came under pressure last week as investors took profits following the strong rally that followed the company’s upbeat trading update in May. With no new positive announcements released during the week and ongoing uncertainty surrounding Playtech’s legal dispute with Evolution, some investors appeared to adopt a more cautious stance, contributing to the share price weakness.

 

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