Better Collective
4 May closing: SEK144.8
29 May closing: SEK120.4
Peak May closing: SEK144.8
Better Collective’s share price slide in May came despite a largely positive earnings report from the Danish affiliate, including a return to organic growth and the expansion of its Playbook partnership with X. However, a miss on the earnings per share expectations, as well as continued softness in Brazil, were slight drags on investor confidence. So much so, the affiliate’s shares fell more than 17% in May. Q1 revenue was up 5% to €86.3m, while post-tax profit rose from €3.6m to €7.3m. Co-CEO Jesper Søgaard told EGR the business would keep an eye on M&A as a suitable use for shareholder capital as it goes about completing the €40m share buyback scheme launched in March.
Genius Sports
1 May closing: $4.35
29 May closing: $5.86
Peak May closing: $5.86
Genius Sports had a positive May with stock climbing by more than a third, as it looks to regain the value lost in the wake of the $1.2bn Legend deal being announced. The New York-listed firm saw its stock slammed upon the deal being announced, but the stock rose quietly across May to inch towards the $6 mark. Earlier this year, Genius shares were trading above $11. The firm closed the Legend deal, which includes a $900m initial outlay, on 1 May. On 7 May, Q1 earnings showed a 30.5% jump in revenue, with bosses now targeting annual revenue of $1bn for 2026.
Gambling.com Group
1 May closing: $4.03
29 May closing: $4.51
Peak May closing: $2.38
A brutal May for Gambling.com Group as the affiliate saw its share price slump by more than 40%. The market reacted negatively when the business confirmed a 25% headcount cut as part of an AI pivot. Multiple departments have been impacted by the changes. Gambling.com Group’s stock declined from $4.14 to $2.40 between 14 May and 15 May. New CEO Kevin McCrystle said around 80% of code being generated at Gambling.com Group is being done by AI, while the cost of headcount reduction would hit $2.5m. Those cuts are expected to manifest as $13m in annualised savings for the business. Additionally, revenue and EBITDA in Q1 was flat, while the company is considering a rebrand as data and non-SEO segments of the business become more pertinent.
Banijay Group
4 May closing: €8.38
29 May closing: €8.78
Peak May closing: €9.52
Anticipation heading in Banijay Group’s Q1 earnings saw the Betclic parent’s stock climb to a monthly high of €9.52 on 18 May. The stock did not hit those heights again, but overall it was a positive month for the operator, with the share price up almost 6%. Banijay Group completed its majority stake in Tipico in April, with the deal further bolstering its European online sports betting and igaming aims. Divisional Q1 revenue increased nearly 14% to more than €433m. Banijay Group incorporates the TV and film production arm, with the group also snapping up All3Media. “Together, these transactions will significantly strengthen our scale, international footprint and IP capabilities across content, live experiences and sports betting and gaming,” CEO François Riahi said.
Caesars Entertainment
1 May closing: $28.38
29 May closing: $29.05
Peak May closing: $29.08
The end of May saw Caesars bring months of speculation to an end as Fertitta Entertainment locked in a $31-per-share takeover bid for the Las Vegas giant. Including Caesars’ debt pile, the deal is worth $17.6bn. Caesars will delist from the Nasdaq upon closure, with bosses, including CEO Tom Reeg, expected to remain in place. The $31-per-share bid put a 49% premium on Caesars’ shares at the end of February. On 13 February, Caesars was trading at just $18.14.
The post Stocks Tracker: Affiliates, AI and M&A dominate May first appeared on EGR Intel.
EGR analyses the share price movements of major industry players in May, including Gambling.com Group, Better Collective and Genius Sports
The post Stocks Tracker: Affiliates, AI and M&A dominate May first appeared on EGR Intel.