Entain
1 April closing: 574p
30 April closing: 637p
Peak April closing: 648p
Two months on from the departure of CEO Gavin Isaacs, who was at the helm for just five months, Entain named interim CEO Stella David as its permanent boss, with the market reacting positively to the move.
David’s appointment as permanent CEO came off the back of a flurry of media reports suggesting that several Entain shareholders were pushing for her to be handed the reins full-time.
The market responded to the news in emphatic fashion, with 29 April, the day David’s appointment was made official, also marking Entain’s peak closing for the month at 648p per share.
On the same day, the operator posted its Q1 2025 results, which it said were “better than expected”.
The earnings included a 9% increase in net gaming revenue (NGR), as well as 10% jump in revenue amassed by Entain’s online arm.
Both the results and David’s appointment made for a stellar month for Entain, with the company’s stock climbing just over 10%, representing a strong performance after the share price at one point plummeted as low as 501p on 4 April amid the economic headwinds brought about by US President Donald Trump’s trade war.
Evoke
1 April closing: 49.20p
30 April closing: 49.80p
Peak April closing: 50p
A turbulent month for evoke eventually saw the operator’s shares come out flat at the end of April, albeit while being buffered in the tariff war and its by its own Q1 update.
President Trump’s plans, announced on 2 April, sparked one of the largest two-day sell-off periods in history on 3 and 4 April, with investors offloading stock in their droves across Europe and Asia.
The sell-off hindered evoke during April’s opening exchanges, with the operator suffering its lowest point on 7 April, which included a close 36.70p.
However, the William Hill and 888 parent company soon saw its value rally, moving in an upward direction for most of the remainder of the month, barring brief marginal declines.
On 25 April, evoke posted its Q1 2025 results, which featured a slight 1% revenue gain, prompting bosses to reaffirm the company’s mid-term guidance of 5% to 9% growth for the remainder of the year.
Evoke’s Q1 performance did inspire a slight climb in stock value, with the company’s shares remaining on a positive trajectory for the rest of the month, with April’s highest close coming on 29 April at a value of 50p per share.
The firm’s shares had been hit in March after a preliminary trading update noted Q1 had not got off to strong start due to safer gambling measures and the fact 2024 was a leap year.
MGM Resorts International
1 April closing: $29.94
30 April closing: $31.46
Peak April closing: $32.21
MGM Resorts International’s share value followed a similar trajectory to many other operator giants both sides of the Atlantic in April, with Trump’s tariffs sparking concern early on, before a gradual rise eased concerns.
Given the operator’s land-based casino exposure, and concerns over consumer spend in the US, the Las Vegas-based business’ stock was hit hard in the early innings of the month, slumping to almost $25 at one point.
BetMGM, MGM’s and Entain’s US- and Ontario-facing JV, produced a strong Q1 display that included a $154m adjusted EBITDA increase, while net revenue also climbed 34% year-on-year (YoY) to sit at $657m.
Those results aided MGM’s stock price, with April’s peak closing of $32.21 coming on the same day as the figures were released.
MGM also published its group-wide performance for the first three months of 2025, in which digital revenue remained flat, while adjusted EBITDAR fell by 83% YoY, with the digital division posting a $34.4m loss.
The underwhelming return prompted MGM’s stock price to fall from its April close of $31.46 to $30.86 at the start of May trading.
Kambi
1 April closing: SEK105.20
30 April closing: SEK106
Peak April closing: SEK118
Suppliers were also not safe from the global sell-off in early April as Kambi’s stock was hit, falling to SEK97.90 by 9 April.
The Stockholm-listed business was able to recover throughout the remainder of the month, in the buildup to the publication of the firm’s Q1 earnings report.
However, after recovering to SEK118, in the immediate aftermath of the results release, Kambi shares fell by 7% to SEK106 as investors responded accordingly to a 4% YoY revenue dip and a 22% slump in adjusted EBITDA.
CEO Werner Becher said the results were “below what we should be expecting” of the company, as he issued a rallying cry for a return to growth.
“While revenue grew 7% when excluding the impact of transition fees, our financial performance was below what should be expected of a company of Kambi’s standing and far from the future level I aspire to,” Becher explained.
With the first week of May nearly completed, the early signs look promising for the supplier, as its share price continues to rise by more than SEK4.
Evolution
1 April closing: SEK745.40
30 April closing: SEK674.20
Peak April closing: SEK835.60
Evolution endured a roller coaster of an April that started with its stock valued at SEK745.40, before climbing 12% to a monthly peak of SEK835.60, though disappointing Q1 results meant the supplier ended the month with its shares suffering a near 10% fall from start to end.
The firm’s Q1 display featured a marginal 3.1% YoY uptick in revenue to €520.9m, alongside a similarly slight 1.1% decrease in adjusted EBITDA, which sat at €342m.
The performance resulted in a significant dent to Evolution shares, with the supplier’s stock falling nearly 18% in early trading.
There was to be little respite, with the shares falling further by the end of the day to mark a struggling end to the month, while early May movements have provided little cause for optimism.
At the time of writing, Evolution shares sit at SEK673, slightly lower than April’s close, with no sign of an uptick just days after CEO Martin Carlesund conceded: “Needless to say, I am not happy with the financial development in the quarter”.
The post Stocks Tracker: Entain shares shine but suppliers slip first appeared on EGR Intel.
EGR analyses the share price movements of major industry players in April, including Entain, evoke and Kambi
The post Stocks Tracker: Entain shares shine but suppliers slip first appeared on EGR Intel.