You want to know how to make money in the stock market, but don’t know where to start? Are you a fan of video gaming and wondering if making money investing in game stocks market is possible?
The video game industry has ballooned into a massive $140 billion dollar industry since its inception in 1971. Superstars like Fortnite have proven that it’s possible to get rich investing in gaming stocks. However, with ever-changing trends and new competitors entering the marketplace, it can be a challenge to know what companies are best positioned for success.
If you’re looking for an unconventional way of investing in stock market, then look no further than Epic Game Stock Market! Whether you’re an avid gamer or a total beginner, understanding how this stock market works could help turn your video game hobby into cold hard cash. Find out more about Epic Game Stock Market and the different ways you can make money through investing in game stocks.
Can You Buy Epic Games Stock Market? What to Know
Epic Games is a company that has chosen to remain private and not offer their stock marjetafor sale on the open market, making it impossible to purchase shares directly. This decision keeps their operations and profits out of public scrutiny, enabling founders and executives to raise capital.
GameStop Corp. (NYSE:GME)
GameStop Corp. (NYSE:GME) is a leading retail outlet for video game hardware, software, accessories, and merchandise. With over 4,000 stores located primarily in the United States, GameStop has been a major player in the gaming industry for decades. However, the company has recently suffered due to the shift to digital sales of popular titles like FIFA 22 and Grand Theft Auto V.
This shift has not only impacted new game sales and foot traffic at GameStop stores but also cannibalized their used game market which is where they have traditionally made most of their money.
In an effort to stay relevant in the ever-changing gaming landscape, GameStop has recently bet on NFTs with its venture GameStop Wallet. Unfortunately, this venture appears to be going belly up as revenue from it has slowed to a trickle since its launch in May. With 18 hedge fund shareholders currently invested in GME stock, investors are watching closely as GameStop attempts to navigate these turbulent waters and find ways to remain profitable despite the changing industry dynamics.
Sony Group Corporation (NYSE:SONY)
Sony Group Corporation (NYSE:SONY) is a Japanese gaming giant that has seen immense success in the past few years. The company’s gaming division alone pulled in $24.4 billion in revenue last year, and Sony also has numerous other segments, including music, financial services, imaging solutions, and electronic products.
Sony’s PlayStation 5 console is looking to replicate the success of the PS4, which sold over 117 million units worldwide to easily win the eighth generation console wars over Nintendo’s Wii U and Microsoft’s Xbox One.
However, Sony faces some competition from Nintendo’s Switch console which had a three year headstart and has already sold over 100 million units. Despite this challenge, Sony still has a considerable amount of hedge fund support with between 26 and 29 hedge funds having been long on the stock for 10 of the past 12 quarters. This shows that investors are confident in Sony’s ability to continue its success into the future despite any potential challenges it may face.
SciPlay Corporation (NASDAQ:SCPL)
SciPlay Corporation (NASDAQ:SCPL) is a mobile and social games developer that has attracted the attention of 25 hedge fund shareholders. The company’s portfolio of games includes popular casino titles such as slots, bingo, solitaire, and backgammon, some of which can be played against other players around the world.
Despite the pandemic, SciPlay Corporation performed well but there are concerns that its core social casino market has matured with a CAGR of just 2.7%.
The company pulled in $160.1 million in revenue in Q2 along with earnings of $0.23 per share, down a cent from a year earlier. While SciPlay has been outperforming the broader social casino market, it remains to be seen how much more market share it can attain going forward. Investors will be closely watching the company’s performance over the coming quarters to see if it can continue to grow despite an increasingly competitive landscape.
Playtika Holding Corp. (NASDAQ:PLTK)
Playtika Holding Corp. (NASDAQ:PLTK) is an Israel-based company that publishes a wide range of free-to-play mobile games, including casino and bingo games like Bingo Blitz, hidden object games like Pearl’s Peril and multiplayer combat games like Just Fall.
The company has seen its shares drop by 46% this year, with the biggest drop occurring in early May when the company’s Q1 results and full-year outlook came up short of expectations. Net income per share more than doubled year-over-year, but still fell short of estimates, while revenue grew by just 5.9% to $676.9 million and also missed estimates.
Despite the disappointing results, some of Playtika Holding Corp.games had strong quarters, including June’s Journey and Solitaire Grand Harvest which grew revenue by 30.4% and 41.7%, respectively. Hedge fund ownership of Playtika Holding Corp. (NASDAQ:PLTK) has been steady since the company’s $1.88 billion IPO in the first quarter of 2021 with 23 hedge funds currently owning shares in the company.
