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The gaming sector has demonstrated remarkable growth over the past few years, and its momentum has brought gaming stocks along for the ride.
The global gaming market was worth US$162.32 billion in 2020, according to ReportLinker, and is expected to grow at a compound annual growth rate of 10.5 percent to reach US$295.63 billion by 2026.
The rise of global smartphone sales, 5G and mobile infrastructure are major drivers of this upward trend in the gaming industry. Although console gaming will remain a bulwark of the gaming industry, video game makers can’t ignore the revenue-generating power of mobile opportunities.
Here the Investing News Network has gathered the three top NASDAQ gaming stocks so far in 2021 by year-to-date share price performance. Data for each gaming stock was compiled using TradingView’s stock screener on July 13, 2021.
1. Super League Gaming (NASDAQ:SLGG)
Year-to-date gain: 76.33 percent; current share price: US$4.99
First on this list of the top NASDAQ gaming stocks is Super League Gaming, which offers a video gaming and esports entertainment platform for players in the US. The company also provides a content engine that allows gamers to create YouTube videos, Minehut servers or gameplay highlights on Framerate.
In March, Super League Gaming announced the acquisition of video game streaming company Mobcrush Streaming, increasing its revenue-generating opportunities. That same month, the company extended its partnership with Topgolf Entertainment Group; it will continue to broadcast a series of World Golf Tour competitive events. Its share price hit a year high of US$11.20 on March 19.
2. Turtle Beach (NASDAQ:HEAR)
Year-to-date gain: 36.99 percent; current share price: US$29.51
Turtle Beach is different from the other two companies on this top NASDAQ gaming stocks list. Instead of making games, it has honed its efforts on console gaming headsets.
Turtle Beach was the first to produce a console gaming headset in 2005, and since then has expanded to create products for all types of gamers, including esports professionals. Turtle Beach originally came to market all the way back in 1975 as Octave Electronics and was focused on music and audio products.
In 2020, Turtle Beach was added to the Russell 3000 Index (INDEXRUSSELL:RUA). The firm is a shining example of how strong the console gaming market remains, even in the face of growth in mobile gaming.
In June, Turtle Beach renewed and extended a multi-year partnership with the popular Call of Duty Challenger team, Team WaR; it also signed a new partnership with the reigning NBA 2K League champion, Wizards District Gaming. In addition, the company entered the large and rapidly growing game controller and gaming simulation hardware markets with two new products.
Shares of Turtle Beach hit a year high of US$38.70 on June 15.
3. RealNetworks (NASDAQ:RNWK)
Year-to-date gain: 28.85 percent; current share price: US$2.01
Designed with artificial intelligence and machine learning, RealNetworks’ product portfolio includes SAFR, a computer vision platform for live video; KONTXT, a natural language processing platform for text and multi-media analysis; and a mobile games business focused on the large free-to-play segment.
The company generates revenue through its games segment primarily from player purchases of in-game virtual goods within its free-to-play games, mobile and PC games. It also makes money via online game subscription services and advertising on game sites and social network sites.
Shares of RealNetwork hit a year high of US$6.66 on March 16.
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Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.
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