Stocks Tracker: Super Group shines as evoke follows suit
EGR analyses the share price movements of major industry players, including Entain, Flutter and Kambi
Entain
2 January closing: 694p
31 January closing: 706p
Peak January closing: 706p
Entain has kicked off 2025 in solid fashion, with the operator reiterating its full-year 2024 revenue guidance, despite a string of customer-friendly US sports results.
The brief announcement in turn sparked a 5% jump in share price on 13 January, before settling by close of play.
It was a similar story for the operator’s EBITDA expectations, with bosses reaffirming they anticipate the metric to sit at the top end of the £1.04bn to £1.09bn guidance range.
At the start of the month, Entain’s shares were valued at 694p, but by January’s close, the stock had increased in value nearly 8.5%.
The stock’s strongest performance last month was matched across two days on 22 January and 31 January, where Entain’s shares were valued at 706p.
Post-January, and with the group’s US-facing JV BetMGM reporting strong full-year figures, Entain’s stock has leapt to 736p at the time of writing.
Flutter
2 January closing: $254.64
31 January closing: $266.97
Peak January closing: $271.99
Unlike Entain, January saw Flutter Entertainment adjust its full-year 2024 guidance, with revenue for the group’s US operations now expected to fall $370m lower than the previous guidance midpoint.
With NFL results going against the operator, an estimated $390m loss in revenue between 12 November and 31 December was chalked up by the New York-listed firm.
In a sign that the stock market and analysts are beginning to appreciate the nature of the beast in sports betting, Flutter’s stock was not hampered significantly by the trading update.
In fact, on 8 January its shares in the US rose against the previous day’s trading.
Flutter’s US stock was valued at $255 in early January, but by the end of the month climbed to $266.97.
The group’s strongest display come on 30 January, when Flutter’s New York-listed shares sat at $271.99.
It has now been 12 months since the FanDuel parent shifted its primary listing to the US, with its stock rising from $216 to $263 in that time.
Evoke
2 January closing: 60.45p
31 January closing: 70.55p
Peak January closing: 73.90p
The release of strong preliminary Q4 2024 and full-year 2024 forecasts meant evoke’s first month of 2025 was one that included a brief share price hike of more than 10% halfway through January.
Bosses cited a “continued improvement in the growth rate across core markets”, which are the UK, Italy, Spain, Denmark and Romania.
Q4 revenue is due to rise between 12% and 13%, while adjusted EBITDA is due to land towards £310m, according to the business.
The parent company of William Hill, 888 and Mr Green saw its share price cross the 70p threshold following the forecast release on 17 January and has not slumped lower than 68p since.
Super Group
2 January closing: $6.27
31 January closing: $8.09
Peak January closing: $8.31
January included an update from Super Group bosses, who expect Q4 2024 to be the firm’s “strongest ever ex-US quarter”, with revenue expected to total €486m for the reporting period.
As a result, the Betway parent company’s shares quickly jumped by 8% in pre-market trading in response to the announcement.
On 22 January, Super Group’s stock sat at $6.73, having more than doubled compared to the 12 months prior.
By the end of January, that stock had continued to climb and was valued at $8.31 on 30 January, the highest it would reach in the month.
It has marked a strong turnaround on the public markets for the operator, with its stock soaring 171% in the past 12 months.
The opening exchanges of February have seen Super Group shares continue to rise, slightly surpassing January’s peak closing already.
Kambi
2 January closing: SEK104
31 January closing: SEK123.10
Peak January closing: SEK125.40
Kambi began the year as bosses hope to go on, with the value of the operator’s stock rising by 22.5% from the start to the end of January.
The strong beginning to the year in Stockholm will be a welcome boost for the supplier, with its shares in the past 12 months down some 12%.
Kambi’s January peak came on 16 January, when shares were valued at SEK125.40.
Elsewhere, it was a month of incomings and outgoings for Kambi, with the firm’s former head of racing, James King, departing for Racing and Sports Technology.
In terms of incomings, the group landed ex-SKS365 head Brian Dean as its new chief people officer.