...Game developer Epic Games launched its Fortnite Battle Royale only last year, but the game has already made $1 billion in 2018 alone.
As of right now, about 125 million people play it—which makes it the second most popular video game of all time.
Epic Games is not publicly traded, but since 2012, Chinese tech giant Tencent (TCEHY) owns a 40% stake in the company.
Tencent is an amazing growth story in itself. Analysts expect 2018 year-over-year earnings to increase by 32% and revenue by 52%.
That’s huge. And Tencent’s expected long-term EPS growth is a whopping 30.5%.
...
The other gaming sensation you may have never heard of is Twitch, a live streaming video platform that is wildly popular in gamer circles.
Launched in June 2011, Twitch has seen a parabolic rise. In the first year after launch, the site went from 3.5 million to 20 million monthly unique visitors... and has grown since then to hundreds of millions.
By the end of 2017, Twitch was the leading service for streaming video games in the United States—bigger than YouTube Gaming.
...
Twitch is a subsidiary of Amazon (AMZN).
- Strategy #3: Buy Amazon (AMZN) shares on the dips.
No comments:
Post a Comment