Are you ready for the next level? SharpLink Gaming stock (NASDAQ:SBET) has already surged 150% this year, and with Ethereum climbing and a hefty $1.5 billion buyback on the table, the real question is whether it can double again and blast past $40.
Boyd Gaming continues to outperform peers, driven by strength in its Locals and Midwest & South segments, despite softness on the Las Vegas Strip. Q2 results showed 6.9% revenue growth and 18.2% EPS growth, with robust gaming and online performance offsetting weaker hotel and F&B segments. Shareholder returns are compelling, with $700 million annually in buybacks and dividends, translating to a potential 10% yield and significant share count reduction.
Regulatory and cybersecurity headwinds are moderating, with North American growth offsetting European declines and Asia showing early signs of recovery. Evolution remains fundamentally strong, with high profit margins, rising revenues, and a forward P/E of just 14x, signaling undervaluation. CEO insider buying and a €500 million buyback plan reflect management's confidence and support the investment case.
Boyd acquired 5% of FanDuel in 2018 for $1b and just sold it back to Flutter for $1.76b. Ignore the noise that Boyd made a mistake by selling this asset. I rate BYD shares as a Buy.
Gaming Realms PLC (LSE:GMR, OTCQX:PSDMF) reported an 18% increase in revenue to approximately £16 million for the six months ended 30 June. Earnings (adjusted EBITDA) rose by 30% to around £7.5 million.
Gaming Realms PLC (AIM:GMR, OTCQX:PSDMF) reported a year of strong growth, with revenue rising in both core content licensing and non-core social segments. CEO Mark Segal highlighted a “revenue increase, increase in our core content licensing business,” alongside gains in adjusted EBITDA and net profit, underlining operational leverage within the business.
Robust online betting demand bodes well for the Gaming industry. Stocks like GME and SGHC benefit from improving industry trends.
BYD's emphasis on property upgrades and strategic investments bodes well for its long-term growth prospects. However, high costs remain a concern.
Gaming Realms PLC (AIM:GMR, OTCQX:PSDMF) shares rose 5% in morning trading after the company reported a strong start to 2025 and confirmed it is trading in line with expectations. The mobile gaming content developer said revenue from its core licensing business is up 22% so far this year, driven by new launches in Brazil and the US.
Gaming Realms PLC (AIM:GMR, OTCQX:PSDMF) said it is on track for another strong year, with early 2025 trading in line with expectations and new launches already underway in Brazil and other key markets. It said it expects continued growth as it expands into regulated markets, including South Africa and British Columbia in Canada later this year.
Boyd Gaming's stock has shown strong performance, returning +25%, including dividends since May 2024, outperforming the S&P 500 by at least 10%. Despite initial headwinds in FY 2024, Boyd achieved three consecutive double-beat quarters, driven by exceptional top-line sales growth and strategic renovations. Boyd's diversified portfolio, especially in the Midwest and South, is a key strength, contributing 52% of its revenue and showing robust growth.
Bragg Gaming Group Inc.'s growth pipeline stands strong in especially the US and Brazil. The company is guiding accelerating revenue growth for 2025 along with gross margin expansion, while operating leverage still seems to be moderate. With continued gradual margin expansion, I estimate BRAG stock to be undervalued. In a base scenario, I estimate a 68% upside to a fair value of $7.12.