August 12, 2021
Electronic video games have been one of the post-pandemic success stories because their success has translated well to the environment. Q2 earning are dropping soon, and some investors are losing the bullish vigor for the burgeoning industry as reopening could be bad for video games. The question remains how many players will remain home for the reopening and help support the industry that has almost doubled in value. Activision Blizzard will most likely have steady earnings this quarter and bookings of around $1.9 billion driven by their Call of Duty franchise. For EA, the consensus estimate is $1.3 billion, being driven by future titles in the FIFA franchise and Battlefield 2042. EA’s primary boost is expected to be in the third quarter after the acquisition of a mobile developer and the launch of these new titles.
FINSUM + Magnifi: Assuming the Delta variant causes delays to reopening plans, video game success is probably going to stick around.
Magnifi is changing the way we shop for investments, with the world’s first semantic search engine for finance that helps users discover, compare and buy investment products such as ETFs, mutual funds and stocks. As of August 2021, 500,000+ users with $569+ billion in Assets Under Influence, have used Magnifi over 14,000,000 times. Try it for yourself today.
This blog is sponsored by Magnifi. The information and data are as of the publish date unless otherwise noted and subject to change. This material is provided for informational purposes only and should not be construed as individualized investment advice or an offer or solicitation to buy or sell securities tailored to your needs. This information covers investment and market activity, industry or sector trends, or other broad-based economic or market conditions and should not be construed as investment research or advice. Investors are urged to consult with their financial advisors before buying or selling any securities. Although certain information has been obtained from sources believed to be reliable, we do not guarantee its accuracy, completeness or fairness. Past performance is no guarantee of future results. This content may not be reproduced or distributed to any person in whole or in part without the prior written consent of Magnifi. [As a technology company, Magnifi provides access to tools and will be compensated for providing such access. Magnifi does not provide brokerage or custody services.]