The gaming industry has a massive space that makes gaming stocks a golden bet.
The video gaming industry is bigger than the movie and music industries combined. It’s one of the biggest and fast-growing markets in the global economy. The gaming industry involves the development and commercialization of video gaming software and hardware.
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The gaming industry has thrived as the pandemic has played the role of a catalyst. As people have isolated themselves, more people are playing video games online.
Moreover, in recent years, the gaming industry has boomed with big tournaments being organized around the globe. Especially, the huge cash prizes have encouraged the video game players to stardom.
So, the gaming industry has way more scope than what people believe. In that premise, gaming stocks bring you a wide range of investment opportunities. Here are the three top gaming stocks for investment.
Tencent Holdings (TCEHY)
Tencent Holdings (TCEHY)is the largest video game firm by revenue. The Chinese multimedia titan is more dominant in social networking that includes its famous WeChat app. However, the company also has an overriding gaming network with major holdings in other gaming companies. This makes Tencent Holding a compelling stock for investment.
League of Legends, the most famous game by Tencent, has become popular among gamers since its release in 2009. The game has a unique position as a top draw in esports. Moreover, Tencent is also known for another blockbuster mobile game Honor of Kings.
On top of that, the company holds major stakes in video game publishers including Ubisoft, Epic Games, Activision Blizzard, and Supercell.
Tencent Holdings stock is well-positioned for long-term growth. With the market evolving more than ever, the future holds much more for the company. The market cap of $707.55 billion speaks for itself and makes TCEHY a notable investment for the long run.
Glu Mobile (GLUU)
Glu Mobile (GLUU) is a leading developer of free-to-play mobile games that has in-game purchase options. The company has raised its earnings estimate. Glu expects the year to end with a change of 141.2%, earning up to $0.41 per share.
Recently, Zacks analysts have also raised their forecast for GLUU stock. In the past three months, the Zacks consensus estimate has increased by 36.4% for the company.
In addition, Glu has key partnerships with Disney that allows the game developer to create popular licensed games. This provides a broader platform to explore more spaces in the celebrity gaming. This year has been a thriving one for Glu Mobile and it holds an upside potential heading into the future.
The Chinese online entertainment platform, Bilibili (BILI) has been highly involved in mobile gaming. The company recorded 197 million active visitors monthly and 53 million DAUs in the third quarter of 2020. The gaming revenue for the company soared by 37% in Q3.
Bilibili has been one of the top-performing gaming stocks this year so far, with its shareholders gaining up to 200%. Moreover, its Games has been a key highlight this year. With this deal, the company has obtained exclusive rights for live broadcasting the popular ‘League of Legends’ in China from 2020 to 2023.
The growing ecosystem of Bilibili (BILI) makes it one of the top investments in the gaming sector.