The pandemic-related lockdowns resulted in high traffic on gaming platforms, which led to a sharp rise in players, revenue, and profitability. The gaming industry was valued at $198.40 billion in 2021, and by 2027, it is anticipated that this amount will have increased to $339.95 billion. The mobile gaming industry is anticipated to grow 1.7 times faster than the rest and generate more than $136 billion in sales by 2022. The Walt Disney Company, Alphabet Inc., and Sony Group Corporation are a few of the most important stocks to keep an eye on.
Insider Monkey highlighted the 10 best gaming stocks to buy now. The corporate headquarters of Super League Gaming, Inc., which was established in 2014, are located in Santa Monica, California. The business creates and manages games, content, and monetization solutions for metaverse gaming platforms. The monetization of advertising and content led to a considerable increase in revenue in Q1, according to H.C. Wainwright analyst. The electronic gaming and multimedia industries are where Avid Technology, Inc. operates. The business provides software and integrated solutions for the production of audio and video content. Asmar Christian, the company’s director, purchased 250,000 of its common shares for $6.2 million in May. A Japanese multinational business called Sony Group Corporation offers network services for game, video, and music content. Millions of people utilize its PlayStation on a monthly basis. By selling gaming gear for personal computers, the business hopes to grow in the gaming industry. Scientific Games Corporation’s subsidiary SciPlay Corporation was founded. The business creates leisure games like backgammon, solitaire, and bingo as well as social casino games. As of June 30, the stock has increased by nearly 6% year to date. A Boston-based provider of online gaming and digital sports entertainment, DraftKings Inc. The business provides gaming and sports betting technology. As the business draws closer to profitability, according to a JMP Securities analyst, the stock will experience an upbeat re-rating. For more details, click the 10 best gaming stocks to buy now.
Unsplash
