Best stocks to buy in marketwatch game8/29/2023 Instead, they produce software and hardware that are essential for eSports players. These stocks do not focus on game production directly. Still, time should bring Tencent and its stock valuation back into the light. This slow movement comes even as Tencent announced favorable financials for the third quarter of 2021. Shares have been quiet since July, with casual ups and downs but relatively flat overall. This diverse portfolio of products helps Tencent even if one section of the gaming market suffers. Tencent uses its WeChat messaging platform to promote eSports and generate even more interest. In addition to eSports titles, Tencent has invested in a dozen gaming companies, including Ubisoft and Activision Blizzard. Other names like Fortnite and PlayerUnknown’s Battlegrounds are also partly owned by the gaming giant. Most notably, the company 100% owns the League of Legends multiplayer game that has been in the eSports spotlight for years. Tencent Holdings has its hand in the eSports ring with its interests in several top gaming companies. They see the sky as the limit for Take-Two’s future in esports as it looks to bring some of its other games into the fold in the future. The company started the NBA 2K League back in 2017, with a draft later this month to kick off season five. It is NBA 2K that has pushed Take-Two full-bore into the esports arena. Take-Two also makes popular sports games like WWE 2K and NBA 2K. The Grand Theft Auto franchise alone has been insanely popular for years and shows no signs of slowing down. Its games appear on various systems, including PC, PlayStation, Xbox, and even mobile devices. The company owns two major brands and a handful of smaller ones, with a diverse range of products on the shelves. Take-Two Interactive Software (NYSE: TTWO)įounded in 1993, Take-Two Interactive is well-known for its long history of gaming franchises. This makes it one of the best stocks in the gaming industry to add to your portfolio. Its loyal fanbase keeps coming back for new releases.Īs a leader in the gaming and eSports space, Activision is likely to keep delivering.Įven among announcements of acquisition by Microsoft, Activision is staying strong in eSports. The company also has some of the most-streamed video game competitions in the world. Other games under Activision’s label include World of Warcraft, Starcraft, Diablo, and Tony Hawk.Īctivision Blizzard also has a presence in the mobile gaming world, owning the Candy Crush franchise. In 2020, Activision opted to set up a global Call of Duty league very similar to its Overwatch League. One of Activision Blizzard’s most popular games is Overwatch, with 20 different eSports teams worldwide.Īctivision reached a deal with Disney to broadcast Overwatch matches on ESPN, which will reach a much larger audience.Īctivision Blizzard is also known for Call of Duty, a genre-defining first-person shooter game. Out of all the video game companies in the industry right now, the company is arguably making the most considerable push towards competitive eSports. Share prices have traded sideways for much of the year, although revenue numbers are still up.įurthermore, the company has a strong balance sheet with plenty of cash and minimal debt, showing that EA isn’t going anywhere any time soon.Īctivision Blizzard is another of the best eSports stocks out there right now, standing out as one of the largest video game companies in the world. This new streaming platform will use cloud technology to make gaming more efficient and accessible. Moving forward, Electronic Arts is in the process of developing its own streaming platform for competitive video games. This inclusive approach is also a great way to generate a vast number of loyal fans. Many of their tournaments are open to anyone who wants to play, providing a more diverse range of income opportunities. One of the things that makes Electronic Arts unique is that it doesn’t exclude amateur players from its eSports leagues. In 2020, EA made its first foray into TV with Sims Spark’d, designed to appeal to a broader audience outside of the gaming world. Two of its top games are Madden NFL and FIFA, allowing users to play American football and soccer virtually.Įven the 2021 Pro Bowl was played virtually as a Madden game instead of on an actual field.Įlectronic Arts has a long history of producing successful game franchises such as The Sims and Apex Legends, appealing to both casual players and professionals. One of the things that make the company stand out is its presence in the world of traditional sports. Electronic Arts (NASDAQ: EA)Įlectronic Arts is one of the leaders in the eSports scene. These stocks consistently release new games and host eSport events. These eSports companies produce some of the most popular video games in the world.
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