BNGE News and Press, First Trust S-Network Streaming and Gaming ETF From 07/29/22

With other emerging technology concepts like crypto, blockchain, and NFTs, investors have shown interest in finding ways to invest in the Metaverse. The Metaverse as it stands today relates most closely to the gaming sector with some overlap with blockchain and broader tech sectors. ...

Netflix lost 970,000 subscribers in Q2’22. The subscriber number was significantly better than guidance. However, Netflix is losing subscribers predominantly in high-revenue regions like the U.S., Canada, and Europe, while offsets only come from low-revenue regions like APA...

Spotify held its first investor day since 2018 in June. The focus is on expanding into developing markets and increasing customer lifetime value. New product developments look promising. Management raises very exuberant expectations, with a $100 billion revenue goal for 2030. ...

Disney's movie releases are going to increase free cash flow tremendously, probably beginning with the third quarter. Disney probably has a lot of potential blockbusters in the backlog of movies to be released. The parks are now operating and will generate a lot of cash as well. ...

The streaming and gaming sector has been rising in popularity as widespread internet access and new technological innovation have changed the way people consume media. According to Bureau of Economic Analysis data, consumers have returned to spending money on in-person interactions, b...

First Trust S-Network Streaming & Gaming ETF (BNGE) - $0.0998. Payable Jun 30; for shareholders of record Jun 27; ex-div Jun 24. For further details see: First Trust S-Network Streaming & Gaming ETF declares quarterly distribution of $0.0998

Shares of Roku are up 11% due to speculation that Netflix may acquire the streaming platform. Netflix risks losing its focus as a content publisher if it also wants to become an advertising company. Roku will no longer be a neutral CTV advertising outlet if the merger takes place....

MGM initiates robust M&A activity that enhances both its physical and online commercial operations. Expert assessments on the North American Monkeypox outbreak reassure uninterrupted operations of MGM. Its MGM China segment has benefited from a surge in Macau's gaming rev...

Audience trends support investments in streaming device companies like Roku. Key platform metrics like revenues, active accounts, streaming hours, and ARPU showed continual growth in Q1 '22, despite the pandemic ending. Roku’s shares are attractively valued. For furth...

The idea that DraftKings stock has fallen so far that the downside risk is minimal compared with the possible upside: a flawed notion. DKNG's cash pile continues to burn at ferocious rate. It could be ashes by 2023 and force the company to borrow heavily at high costs. DKNG's seei...