Esports Entertainment Group, Inc GMBL Stock Price, Quote & News

Modern Times Group Mtg AB is listed on the ST, has a trailing 12-month revenue of around SEK$5.9 billion and employs 1,015 staff. HUYA Inc. , through its subsidiaries, operates game live streaming platforms in the People’s Republic of China. Its platforms enable broadcasters and viewers to interact during live streaming. Last Friday, Ho took his company, NIP Group, public on the Nasdaq stock exchange. Ho holds 13.6% of the company’s shares and controls 36.6% of the voting rights, according to the company’s SEC filing earlier this month.

Best Esports Stocks to Buy

• Esports, which turns playing video games into a spectator sport, reached an audience of more than 530 million in 2022, according to market research firm Newzoo.
• In 2019, the first Free Fire World Cup attracted more than 27 million online views and had more than 1.1 million peak concurrent YouTube viewers.
• Competitive gaming leagues can also function as advertisements for the underlying franchises.
• Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
• If a brand is a referral partner, we’re paid when you click or tap through to, open an account with or provide your contact information to the provider.
• Roblox is a company with a platform that allows users to make their own games, interact and play in real time over the internet.

If it goes through, it appears Microsoft would add Activision Blizzard to its Xbox and other gaming subsidiaries to bet on video game subscription services. As a part of Microsoft or on its own, Activision Blizzard stock could be a long-term value in the esports space. Before the duo cofounded NIP Group, Ho was the chief marketing officer of iDreamsky Games, one of the largest game publishers in China. He said on a company website that he was the youngest-ever graduate of the MIT Sloan School of Management’s master of finance program. Ho is also the president of the Macau Esports Federation and the vice-chairman of MSI Finance Management Company, a Hong Kong-based family office platform.

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Finder monitors and updates our site to ensure that what we’re sharing is clear, honest and current. Our information is based on independent research and may differ from what you see from a financial institution or service provider. When comparing offers or services, verify relevant https://investmentsanalysis.info/ information with the institution or provider’s site. EA has taken a different approach to esports than many of its competitors. Instead of maintaining the traditional divide between professional leagues and spectators, it’s often made tournaments accessible to all players.

Esports Entertainment Group, Inc. Promotes Michael Villani to Chief Financial Officer

Freeman projects 13% compound annual revenue growth for EA over the next three years. CFRA has a “buy” rating and a $174 price target for EA stock, which closed at $133.77 on Sept. 28. With fast-growing global revenue and companies rushing to get a piece of the expanding market, the esports industry — competitive, organized video gaming as a spectator sport — is gaining Esports stocks popularity. Strange as it might sound, coverage of other people playing video games has already demonstrated impressive pull as spectator entertainment. Activision Blizzard is the world’s largest independent video game developer. The division runs the popular Overwatch League and Call of Duty League, esports leagues that hosted massive live events prior to the pandemic.

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Partnerships are not a recommendation for you to invest with any one company. The esports sector is young, and, consequently, it’s still rapidly evolving. That makes it an exciting and risky — but potentially very profitable — area for investment.

How to invest in esports

EA is also focusing on mobile esports as evidenced by its acquisition of Glu Mobile in 2021, which is responsible for titles such as Design Home and Diner Dash. Chahine, a former hedge fund manager for Oslo-based wealth management firm Formue, runs the company’s Western operations in Sweden. Ho, who lives in Hong Kong, runs the business in Asia, according to the company’s SEC filing. The growth in esports has generated interest from investors and could have the potential for significant profits.

Take-Two Interactive Software is a video game publisher and owner of popular franchises including Grand Theft Auto, Red Dead Redemption and Borderlands. One of the company’s most successful esports ventures has been its 2017 partnership with the National Basketball Association to create the NBA 2K League. In 2020, NBA 2K League Twitch viewership was up 69%, highlighting its tremendous growth trajectory. Macker says NBA 2K is the most popular sports video game in the U.S. and China and is Take-Two’s largest annual game franchise. Morningstar has a “buy” rating and a $200 fair value estimate for TTWO stock, which closed at $149.11 on Sept. 28.

One benefit of Take-Two’s business model is its ability to coax long-term playability from games developed years ago. This bodes well for game viewership since long-term fan engagement is key to any organized sporting event’s success. While the company is listed in the US, its leadership team is primarily based in mainland China, and some of its most prominent influencers are Chinese, NIP Group said in the July SEC filing. NIP Group plans to explore esports real estate, digital collectibles, and esports training camps, among other strategies, the company said in a filing. Volatility profiles based on trailing-three-year calculations of the standard deviation of service investment returns. Recent regulatory pressures in China and political tensions between the U.S. and China mean that Tencent stock comes with some added risk.

Morningstar analyst Neil Macker says recent allegations of discrimination and harassment at Blizzard have overshadowed solid growth numbers for the company. Macker says social distancing helped Overwatch League engagement, but the highly anticipated launch of Overwatch 2 has been delayed until at least early 2022. Morningstar has a “buy” rating and a $97 fair value estimate for ATVI stock, which closed at $75.08 on Sept. 28.

Bank of America has a “buy” rating and a $380 price target for SE stock, which closed at $316.72 on Sept. 28. There’s a lot of audience crossover for sports leagues and video games, and Electronic Arts (EA 1.81%), as a game publisher with a strong position in licensed content, enjoys several competitive advantages. EA’s Madden and FIFA stand out as two of the biggest franchises in gaming. It owns and operates approximately 50 websites that contain news, reviews, videos, live streams, and other video-gaming related content, and casual games. Modern Times Group MTG AB (publ), through its subsidiaries, provides game franchise services in Sweden, the United Kingdom, Germany, rest of Europe, Singapore, India, the United States, and New Zealand. It also provides in-app purchase, advertising, and third party distribution platform services.

Ho and 35-year-old Hicham Chahine are the co-CEOs of NIP Group, a holding company with subsidiaries in Sweden and China. Almost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap. In 2023, GMBL’s revenue was $22.97 million, a decrease of -60.64% compared to the previous year’s $58.35 million. Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.