How to Capitalize on the eSports Boom
The eSports boom is upon us.
After peaking in June 2018, the industry fell off, dropping precipitously during the Covid selloff from Febuary through April. Since then, the industry has roared back.
“eSports’ impressive audience and viewership growth is a direct result of an engaging viewership experience untethered to traditional media,” says Newzoo CEO Peter Warman, as quoted by Which-50. “Plenty of leagues and tournaments now have huge audiences, so companies are positioning themselves to directly monetize these eSports enthusiasts. While this began happening last year, the market is constantly expanding on its early learnings. The result: 2019 will be the first billion-dollar year for eSports, a market that will continue to attract brands across all industries.”
The research group also believes revenue will reach $1.1 billion for the first time in 2019 – 26.7% year over year growth.
By 2022, the market could reach $1.8 billion, and as much as $3.2 billion shortly thereafter.
So, it makes sense to look at stocks that could benefit.
Turtle Beach Corporation (HEAR)
Turtle Beach Corporation operates as an audio technology company, providing gaming headset solutions for various platforms, including video game and entertainment consoles, handheld consoles, personal computers, and mobile and tablet devices under the Turtle Beach brand.
With gaming contests increasing, it’s just beginning to spark interest in top-end headsets.
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HUYA Inc. (HUYA)
HUYA operates game live streaming platforms in the People’s Republic of China.
Its platforms enable broadcasters and viewers to interact during live streaming. The company also provides advertising and online game-related services. The company also works with e-sports event organizers, and has developed e-sports live streaming as one of the most popular content genres on its platform.
ETMFG Video Game Tech ETF (GAMR)
Another way to trade the explosive gaming boom is with ETF, GAMR.
The fund seeks to provide investment results that correspond to the price and yield performance of the Fund Video Game Tech Index. The Index tracks the performance of the common stock of companies across the globe that are actively engaged in a business activity supporting or utilizing the video gaming industry.
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