3 Videogame Stocks to Play

The global videogames market is projected to top US$175 billion in revenue in 2021, nearly half of which will be from mobile gaming

Vikram Barhat 9 June, 2021 | 2:51AM
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Video gamer

The pandemic pushed interest in video games to an all-time high. Industry experts contend the gaming boom won’t fizzle when the economy reopens following vaccine rollouts. This makes gaming publishers look like attractive prospects for portfolio allocation.

Videogaming has a large, loyal, and growing following that drove global console sales to a record US$56 billion in 2020. The global videogames market is projected to top US$175 billion in revenue in 2021, nearly half of which (US$90.7 billion) to come from mobile gaming. The market is forecasted to continue to enjoy healthy growth surpassing US$204 billion at the end of 2023, growing 7% annually.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Activision Blizzard Inc79.56 USD0.35Rating
Electronic Arts Inc133.88 USD-1.53Rating
Take-Two Interactive Software Inc151.66 USD-0.15Rating

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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