Over the past week (May 23–30), the online gambling stocks saw modest gains, with average share prices up 1%; just behind the Nasdaq Composite’s 2% rise. Kambi led the way with a 7% boost, thanks to upbeat Q1 results and ongoing expansion efforts, while Catena Media dropped 9%, weighed down by weak financials and cost-cutting announcements.

Overview of online gambling stocks

• Average growth – On average, share prices analyzed increased by +1% in the last week (23.05 to 30.05).
• “Winner” – The most significant leap in our sample of online gambling-focused companies was taken by Kambi with an increase of +7%, followed by Flutter (+5%).
• “Loser” – Catena Media and Playtech had the worst weekly performance in our analysis, with a change of -9% and -2%.
• Comparison to the Nasdaq Composite – Compared to the development of the Nasdaq Composite (+2.0%), the average development of the online gambling industry looks only slightly “worse”.

Kambi’s rise

Kambi’s 7% jump came on the heels of better-than-expected Q1 numbers. While reported revenue dipped 4% year-over-year, adjusting for one-time transition fees from 2024 revealed a 7% underlying increase. The company also posted stronger margins and turnover, despite some betting headwinds during March Madness.

Catena Media’s decline

Catena Media’s stock took a hit after a rough Q1 showing. Revenue fell 39% to €9.8 million, and adjusted EBITDA dropped over 50%. In response, the company announced a 25% staff reduction and suspended hybrid bond interest payments—moves aimed at cutting costs but that also spooked investors.

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