### Flutter Entertainment
– **Start of November:** $231.16
– **End of November:** $276.32
– **Peak:** $278.35
November was an excellent month for Flutter Entertainment, which strengthened its position as the most valuable gambling company in the world, nearing a $50 billion market cap. After transitioning its primary listing to New York in May, the company’s shares have consistently risen, with a notable 19.5% increase throughout November. Flutter has now surpassed Las Vegas Sands as the top global gambling brand, driven by its extensive international online presence.
On November 13th, the parent company of FanDuel released impressive third-quarter results, showing a 27% increase in revenue year-on-year to $3.2 billion. This growth was spurred by an increase in average monthly players, leading company leaders to raise the full-year forecast. The stock price peaked on November 25th at $278.35, slightly dipped thereafter, but still closed a strong month at $276.32. Additionally, Flutter retained its top ranking on the EGR Power 50 for the fifth year, accompanied by a corporate restructuring that appointed a new CEO for the UK and Ireland regions.
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### FDJ
– **Start of November:** €39.16
– **End of November:** €37.40
– **Peak:** €39.82
For La Française des Jeux (FDJ), November marked the first full month following their €2.5 billion acquisition of Kindred Group, culminating in enhanced strategic positioning. During this period, FDJ effectively managed to place a €1.5 billion bond and secure a €400 million loan to refinance the acquisition. Despite these developments, FDJ’s share prices fluctuated, starting the month at €39.16 and experiencing a drop following the bond issuance. Mid-month, Kindred Group, under FDJ’s ownership, announced it was exiting the Polish market to focus solely on locally regulated markets, impacting the stock, which hit a low of €37.62 on November 20th. Despite a slight recovery, FDJ’s shares fell 4.5% throughout the month, settling at €37.40.
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### DraftKings
– **Start of November:** $35.69
– **End of November:** $43.65
– **Peak:** $43.80
DraftKings had a promising month in November, highlighted by the release of its Q3 2024 earnings report, featuring a sizable 39% rise in revenue to $1.1 billion. Both its sportsbook and online gaming divisions showed significant year-on-year gains, and CFO Alan Ellingson projected confidence, revealing ambitions for broader revenue expansion and product diversification. After opening the month at $35.69, shares peaked days after the earnings announcement, landing at $43.21. Although there was a minor downturn, the stock ultimately closed at $43.65, marking a 22.3% increase from the start of November.
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### Gambling.com Group
– **Start of November:** $9.52
– **End of November:** $13.26
– **Peak:** $13.26
The Gambling.com Group enjoyed a substantial increase in share price during November, driven by their record-breaking Q3 revenue and EBITDA performance. The company reported $32.1 million in revenue, up 37% year-over-year, with significant growth seen in Europe and other international markets. Adjusted EBITDA likewise surged 108% to $12.6 million. This robust performance resulted in an almost immediate rise in share prices from $10.31 to $12.43. CEO Charles Gillespie reflected on the firm’s competitive stance, and by the month’s end, the stock had ascended to $13.26, the highest so far this year, with a nearly 40% gain since the beginning of the year.
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### Codere Online
– **Start of November:** $7.77
– **End of November:** $7.75
– **Peak:** $8.07
Codere Online also reported positive Q3 growth alongside DraftKings and Gambling.com Group, with net gaming revenues up 20% year-on-year to €51.7 million and adjusted EBITDA reaching €1.5 million. Despite strong performance metrics, Codere faced challenges following a delisting notice from Nasdaq due to the late filing of their annual report, causing the share price to plunge to $7.01 on November 19th. While the stock managed to rebound slightly, it closed November at $7.75, representing a modest decline of 0.26% from its opening value, but failed to match the earlier peak of $8.07.
