The Q2 2025 earnings season continued last week with major gaming companies, **Rush Street Interactive**, **MGM Resorts**, and **Caesars Entertainment**, disclosing their financial results.
While gaming stocks experienced mixed performance by the week’s end, the **Roundhill Sports Betting & iGaming ETF** significantly outperformed the broader **S&P 500 Index**.
Broader markets faced downturns last week due to the Federal Reserve’s hawkish stance, weak US jobs data, and tariff threats by **President Donald Trump**.
**Rush Street Interactive** and **Genius Sports** emerged as significant gainers last week, while **Skillz**, **Star Entertainment**, and **Caesars Entertainment** saw double-digit declines.
### Top Gaming Stock Gains
#### Rush Street Interactive: +27.2%
**Rush Street Interactive** soared with **gains of 27.2%**, making it the top performer among our covered gaming stocks. A substantial Q2 earnings beat fueled this rally, with year-to-date gains reaching 41%. For the ninth consecutive quarter, Rush Street’s revenues surged 22% to $269.2 million—a quarterly record and above forecast expectations. The company also shone in its bottom line, with **Adjusted EBITDA up by 88% YoY**, and **EPS landing at $0.11**, almost doubling the $0.06 anticipated by analysts. Moreover, the company raised its 2025 revenue and EBITDA forecasts, with midpoint projections suggesting year-over-year increases of 16% and 51%, respectively. The company’s monthly active user count in the combined US and Canada market grew by 21%, and in Latin America, it increased by 42%.
#### Genius Sports: +9.7%
Last week saw **Genius Sports** climb by 9.7%, reaching a 52-week high, following a dip of 6.4% in the previous week. The improvement was credited to several key strategic partnerships with well-known brands like **Nike** and **TurboTax**, and securing exclusive betting data rights for various competitions in European football leagues.
#### Electronic Arts: +3.6%
**Electronic Arts** notably advanced by 3.6% last week. The company exceeded earnings expectations for its fiscal Q1 2026 that ended on June 30, pushing the stock’s value higher. Following these results, brokerages raised their price targets, reinforcing investor confidence.
#### Playtech: +3.0%
**Playtech Plc** enjoyed a 3% rise after publishing encouraging interim results and trading updates. Since its annual general meeting on May 21, 2025, the company has shown strong performance, particularly driven by the B2B sector and income from associates, surpassing expectations.
### Largest Gaming Stock Losers
#### Skillz: -21.4%
**Skillz** took a dramatic downturn, plummeting 21.4% last week. Despite such volatility, which had previously shown a 22.3% gain followed by a 7% loss in subsequent weeks, the stock is still up more than 33% year-to-date. However, significant challenges lie ahead as the company’s paying monthly active users have decreased by over 41% over the last two years. **Skillz** is expected to release its Q2 earnings soon.
#### Star Entertainment: -20.0%
**Star Entertainment Group** suffered significant declines, losing 20% of its value last week after a failed attempt to sell its 50% stake in the **Queen’s Wharf Brisbane casino**. The Australian operator now faces substantial financial obligations to its partners and must manage a significant portion of project debt.
#### Century Casinos: -14.1%
**Century Casinos** saw a hit of 14.1%, influenced partly by the broader market downturn despite the absence of major company-specific news. Although the stock has recovered somewhat from its 52-week low earlier in the year, it remains notably down year-to-date.
#### Caesars Entertainment: -13.3%
Despite surpassing revenue forecasts and achieving strong digital growth in Q2, **Caesar Entertainment**’s stock dropped by 13.3% last week following an EPS underperformance, contrary to expectations of a profit.