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Leading video gaming platform Roblox (RBLX) has gained huge popularity among children over the past year. However, the stock has declined considerably in price over the past month due to disappointing results in the company’s last reported quarter. So, would it be wise to add the stock...
Videogame sales declined year-over-year by double digits in November, breaking a six-month streak of gains just as the industry hit its biggest season of the year. Overall, sales fell 10% from November 2020, to $6.3 billion, according to NPD Group. That not only broke the streak of year-over-...
Software development company Unity’s (U) shares have hit a record high recently after the company broke Wall Street’s earnings and revenue expectations for the third quarter. However, does the stock have further upside to deliver? Read on to find out. The shares of gaming-e...
Videogame sales accelerated again in October, rising for a sixth straight month buoyed by another big gain in hardware and a double-digit increase in core game content revenues. Overall, sales were up 16% year-over-year to $4.388 billion in October, according to NPD Group - an October record....
Social gaming services provider Zynga Inc. (ZNGA) recently acquired two companies as part of its long-term growth strategy. However, considering the company’s low-profit margins and its stock’s premium valuation, will the stock be a good addition to one's portfolio? Read on to l...
Videogame industry sales eked out a fifth straight monthly gain against tough pandemic-2020 comparisons, as the sharp rise in hardware spending more than made up for flat performance in gaming content and a decline in accessory sales. Overall, sales were up 3% year-over-year to $4.36 billion,...
In an S&P 500 with very few gainers today, and tech giants seeing 3% declines, the major videogame publishers are all higher today. Some 90% of the index is in decline, and what gainers there are mostly have some fractional increases. But among the top gainers, Activision Blizzard (NASDAQ...
Videogame industry sales rose again in August - another sign of sector strength as it's the fourth straight month of year-over-year gains against some pretty tough COVID-19 pandemic comparisons from 2020. Overall sales rose 7% from August 2020, to reach an August-record $4.4 billion, accordin...
Shares of Skillz (SKLZ) have declined 33.5% in price over the past three months due to investors’ pessimism surrounding a lawsuit it is facing, among other factors. Nevertheless, the company reported its 22nd consecutive quarter of growth in its latest quarter. So, let’s find ou...
Videogame industry sales rose again on a year-over-year basis in July - marking the third straight gain against tough comparisons, following April's decline. Sales rose 10% vs. July 2020, to hit a July record $4.6 billion, according to NPD Group. And that brings year-to-date spending to $33.5...
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