Esports is booming. That is a fact that not many seem to oppose. WIth recent NBA and Soccer advancements into esports and pioneers such as Elon Musk heralding esports; it looks set to launch itself into the mainstream.
Traditional sports clubs such as Sporting FC have also expressed interest in eSports.
But if you are looking to invest in eSports stocks, where should you look into? There are but a few eSports organisations which are listed right now. A recent report helps you to find such stocks and potentially invest in them, before they see a big leap.
One of these has to be Electronic Arts (EA – Free Report) . In December 2015, Electronic Arts launched its “EA Competitive Gaming Division,” which promised to set up leagues for its biggest titles, such as FIFA, Madden NFL, and Battlefield. In its latest earnings report, EA noted that this division is off to a hot start.
Another company to look out for is Tencent Holdings (TCEHY – Free Report) . Tencent owns Riot Games, the developer of one of the world’s most popular games, League of Legends. At the latest world championship tournament for League of Legends, worldwide viewership peaked at 14 million people, with well over 30 million people tuning in over the course of the event.
Finally, investors need to look out for Activision Blizzard (ATVI – Free Report) . Activision recently purchased a major esports company, Major League Gaming, for $46 million, and the company is looking for new ways to continue cashing in on its massive Call of Duty and Overwatch titles. ATVI announced last week that it will eventually launch its own league for Overwatch, which currently has over 20 million active users.
The third and one of the most prominent eSports Organisations Valve Co. refuse to become publicly listed. The reason as stated by Gabe Newell is because they do not want to be influenced by People who fund them.
With Activision blizzard posting huge growth in their revenues, it does look very positive for Blizzard and in turn esports.
Source : Zacks