Three stocks to bet on the esports craze

The global esports industry is projected to hit US$1.1 billion by the end of the year, and these stocks are trading at discounts to our fair value estimates

Vikram Barhat 3 July, 2019 | 1:39AM

The video-game market is skyrocketing at breakneck pace, fuelled by newer technologies, innovation and growing appeal amongst the youthful global audience hooked on mobile devices. One of the fastest growing segments of the industry is the esports market.

This year is expected to be a watershed in the evolution of esports. While a small part of the larger gaming landscape, the global esports industry is projected by Goldman Sachs to hit US$1.1 billion by the end of the year, clocking a staggering 26.7% year-on-year growth, and is expected to reach US$3 billion by 2022. China is set to rack up US$210.3 million in revenue in 2019, leapfrogging Europe as the second-largest region by revenues, according to market research firm Newzoo

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Activision Blizzard Inc70.15 USD0.21
Electronic Arts Inc117.38 USD0.63
Take-Two Interactive Software Inc134.52 USD3.32

About Author

Vikram Barhat

Vikram Barhat  Vikram Barhat is a Toronto-based financial writer specializing in investing, stock markets, personal finance and other areas of the financial services industry. He also writes for CNBC, BBC, The Globe and Mail, and Toronto Star.

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