Betsson AB
1 July closing: SEK199.30
31 July closing: SEK166.10
Peak July closing: SEK202.40
It was a bittersweet July for Betsson AB, with the operator’s shares falling more than 15% over the course of the month, despite a strong Q2 performance that included a 12% year-on-year (YoY) jump in revenue to €303.7m (£263m).
The Q2 results also highlighted record revenue growth in both Latam and Italy, though the same quarter did see planned acquisitions in the Netherlands fail to materialise. Despite the significant fall in share value since the earnings were released, CEO Pontus Lindwall harbours little concern and is more focused on regulatory measures across Europe.
While the Betsson board remain calm, the stock currently trades well below its price from the beginning of the month.
Opening at SEK199.30 on 1 July, the time of the decline coincided with the Q2 results release on 18 July and has remained around that level ever since. The month’s lowest close came on 28 July, when Betsson ended the day at SEK163.50.
Evolution
1 July close: SEK762.80
31 July close: SEK872.40
Peak July close: SEK879.60
It was a contrasting story for Evolution, with the Stockholm-listed supplier’s strong Q2 earnings reflected in its share price.
Net revenue was up 3.1% to €524.3m, though bosses said they were “not satisfied” with the performance.
Having opened trading for the month at SEK762.80, Evolution remained fairly flat until the release of Q2 results sparked a significant climb in its stock to SEK831.20 by market close on the day of the earnings release.
CEO Martin Carlesund had his complaints with the quarter that saw Evolution yet again struggle to shake off cybercrime in its Asia segment, while he also expressed his frustration at the lack of company-wide growth.
“To be clear though, we are not satisfied with this quarter’s growth, and we are working hard to increase the pace,” he added. “However, operationally speaking we are where we set out to be at the beginning of the year.”
Despite the complaints, Evolution’s share price has remained on a largely upward trajectory since the results and closed the month at SEK872.40, marking growth of more than 14% since trading on 1 July.
Rush Street Interactive
1 July closing: $14.90
31 July closing: $20.16
Peak July closing: $20.16
Rush Street Interactive’s (RSI) stellar showing in Q2 sparked a 25% surge it shares, once the results were released on 31 July.
The company, which is behind the BetRivers and PlaySugarHouse brands in the US and RushBet in Latam, generated $269.2m in reported Q2 revenue, representing a new quarterly high for the casino-first outfit.
This marked a 22% increase when compared to the corresponding period in 2024, surpassing the previous record of $262.4m achieved in Q1.
For the majority of month, until 24 July, RSI’s stock has hovered between $14.90 and $14.70 per share, before its results inspired a rapid rise on the final day of the month.
The Chicago-based operator closed July at $20.16 per share, up 35% since the start of July.
Entain
1 July closing: 917p
31 July closing: 1,022p
Peak July closing: 1,022p
While Entain’s Q2 results have not yet been released, a strong showing from BetMGM, its US- and Ontario-facing joint venture with MGM Resorts International, helped stimulate a positive month for the Ladbrokes and Coral parent company.
Revenue returns of $692m in Q2, alongside a topline figure of $1.3bn for H1, has led to the JV updating its financial guidance for BetMGM’s fiscal year 2025.
Net revenue is now anticipated to total at least $2.7bn, alongside an adjusted EBITDA forecast of at least $150m.
For the first time in just under two years, Entain’s stock surpassed the £10 per share mark, crossing the threshold on 29 July when the operator closed the day at 1,003p.
From the market opening on 1 July, with shares valued at 917p, Entain ends the month having seen its stock price rise over 11%, closing at 1,022p.
CIRSA
9 July closing: €15
31 July closing: €14.25
Peak July closing: €15
July marked the month that Spanish operator CIRSA made its debut as a publicly listed company on the Barcelona, Bilbao, Madrid and Valencia stock exchanges, following its IPO, which valued the company at €2.5bn.
Shares were admitted to the exchanges on 9 July, with CIRSA stock closing at €15 a pop on its first day of trading, meeting the target price set by the operator.
CIRSA, which has majority stakes in online operators CasinoPortugal and Apueta Total, steadily declined in value since its float, closing the month at €14.25, a 5% decrease.
By taking the company public, CIRSA is expecting to raise around €400m, with net proceeds estimated to be €375m. The release of a further 3.5 million publicly traded shares is expected to raise an additional €53m.
The post Stocks Tracker: Q2 earnings spark contrasting share movements first appeared on EGR Intel.
EGR analyses the ups and downs of major industry players in July, including Betsson AB, Rush Street Interactive and CIRSA
The post Stocks Tracker: Q2 earnings spark contrasting share movements first appeared on EGR Intel.