300 Billion Reasons To Buy The 3 Best Video Game Stocks Now

You don't often hear about the video game industry from Wall Street, but it's on the fast track to becoming bigger than both the film and music industries combined.

The global video game industry is worth a whopping $152 billion right now, while the music and movie industries are worth $19.1 billion and $136 billion, respectively.

Over the next five years, some of the best video game stocks to buy will help push the video game market to even greater heights. Between now and 2021, Statista reports it'll grow 20% to $180.1 billion. By 2025, Global Data says the video game market could rocket up to $300 billion.

That's close to half the size of the global sports industry, too.

These numbers alone might shock some of you, but video games are truly taking over entertainment as we know it.

Just last week, on Dec. 12, 2019, The Game Awards aired in Los Angeles. The Hollywood Reporter says that more than 45 million people tuned in to watch. To put that into perspective, 19.9 million watched the Grammys and 29.6 million watched the Oscars, according to the same source.

We're practically living in a gaming golden age, where a single, minute-long announcement like Microsoft Corp.'s (NASDAQ: MSFT) reveal of its next-generation video game console can get over 8 million viewers.

But it's a massive and growing industry that has somehow managed to fly under most investors' radars.

That's not necessarily a bad thing, either. It presents an opportunity for savvy folks to buy video game stocks before the industry soars another 100% higher over the next five years.

Unfortunately, with so many blue-chip companies, publishers, and developers in the mix, it can be hard to figure out which video games stocks are worth an investment. This is especially true if you don't regularly follow industry news.

Check out our top gaming stocks to buy below…

Best Video Game Stock, No. 3: Electronic Arts

With roughly $5 billion in annual revenue and over $1 billion in net income, Electronic Arts Inc. (NASDAQ: EA) is the second biggest gaming company in the United States. That's on top of its consistent share price growth since its 1989 IPO.

EA is commonly known for its video game sports franchises like "FIFA" and "Madden." But it's also the publisher behind the critically acclaimed and Games Award-nominated franchise "Apex Legends" – which hit 50 million players in a little under one month after release.

While EA stock fell nearly 48% in 2018 over controversial "loot boxes" (in-game purchasable items that give you randomized rewards), it has worked hard to reverse its mistakes.

Over the course of 2019, it has gained over 40%. This is thanks to the massive success of "Apex Legends" and its latest critically acclaimed game, "Star Wars Jedi: Fallen Order."

1 2 3 4
View single page >> |
How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.