Motorsport Gamespresently carries a Zacks Rank 3.Įlectronic Arts Inc.
Shares of MSGM have gained 8.9% in the past three months. Motorsport Games’expected earnings growth rate for the current year is 82.1%. MSGM is a racing game developer, publisher and esports ecosystem provider of official motorsport racing series.
The Zacks Consensus Estimate for current-year earnings has improved 0.9% over the past 60 days. EA’s games can be played on video consoles, personal computers, mobile devices, tablets and electronic readers.Įlectronic Arts’ expected earnings growth rate for the current year is 25.1%. EA distributes gaming content and services through multiple distribution channels as well as directly to consumers (online and wirelessly) through its online portals.
#Market watch investing game software#
Light & Wonder presently carries a Zacks Rank 3 (Hold).Įlectronic Arts EA is a leading developer, marketer, publisher and distributor of interactive games (video game software and content). Shares of LNW have gained 22.8% in the past three months. Light & Wonder’s expected earnings growth rate for the current year is more than 100%. LNW operates under three operating segments - Gaming, SciPlay and iGaming. LNW is a leading developer of technology-based products and services and associated content for the gaming, social and digital gaming industries globally. Considering this favorable outlook, it might be advisable to consider investing in these three video game stocks. The video game industry is making a gradual recovery, with sales rising in the first half and anticipated growth further on new game releases. Moreover, video game spending totaled $26.6 billion in the first half of the year, a 2% rise from the previous year. This figure also marked the second-highest June performance on record. June witnessed a total expenditure of $4.7 billion on video game content, hardware and accessories. video game market jumped a solid 9% year over year in June, driven by robust sales of a slew of new titles.Īlso, consumer spending on PlayStation hardware hit a new high. SONY, the manufacturer of PlayStation, expects to hit a record 25 million units of PS5 consoles in sales this year, thanks to an improvement in supply-chain challenges.Ī separate report from market research firm Circana shows that the U.S. Moreover, the report mentions that the availability of new gaming consoles has, at last, matched the existing demand, which is boosting sales. Most of these titles are expected to be released in the second half of this year. Last year’s decline was primarily because gamers lost interest as several companies deferred their new title releases.
The projected higher sales this year can also be attributed to the release of a slew of highly anticipated delayed titles. Gaming revenues saw a 5% decline in 2022. Moreover, sales of consoles are expected to rise by a solid 7.4% this year. Video Game Poised to GrowĪccording to a new report from gaming market research firm Newzoo, the videogame market is projected to expand in 2023, driven by robust sales of gaming consoles like SONY’s SONY PlayStation 5.Īccording to the report, overall video game revenues are projected to jump 2.6% to $187.7 billion. Also, new title releases and console sales are expected to gives sales a further boost this year. However, the market is trying to make a turnaround and sales this year have been steadily increasing. A slump in demand coupled with a dearth of new title releases saw sales taking a hit in 2022. The video game market witnessed a massive downslide last year after a solid 20 when sales got a massive boost following the COVID-19 pandemic.
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