Skillz and Playtech shares rise during gaming stocks’ weak week
Skillz shares gained 13.6% and Playtech shares rose 7.4% in the week covered by the report. Skillz’s increase followed a second-quarter earnings release that exceeded expectations, while Playtech’s gain extended a rally after its interim results and trading update; the company expected first-half adjusted EBITDA of at least €90 million.
The share moves and earnings figures provide investors with performance indicators for two gaming companies.