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Which gaming stocks have performed the best so far this year? Here’s a look at the top NASDAQ gaming stocks year-to-date.

Click here to read the previous top NASDAQ gaming stocks article.

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The past year has brought remarkable growth for the gaming sector. On the back of coronavirus-related lockdown orders, gaming has received an influx of attention from widespread users.

While other sectors have struggled in 2020, many names in the gaming industry enjoyed improvements to their value, and seem positioned to continue trending upward into 2021.

Here the Investing News Network has gathered the three top NASDAQ gaming stocks of 2020 by share price performance. All are US-listed constituents of the Evolve E-Gaming Index ETF (TSX:HERO); numbers and figures were current as of December 9, 2020, with data taken from Google Finance.

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1. Gravity (NASDAQ:GRVY)

Year-to-date gain: 375.03 percent; current share price: US$172.02

Korean gaming company Gravity is first on this list of the top NASDAQ gaming stocks of 2020. With a gain of close to 400 percent over the course of the year, it has enjoyed major momentum.

Gravity was founded in 2000, and in 2005 became the first Korean gaming company to be listed on the NASDAQ. It now has global branches and joint ventures in the US, Europe and Russia; it is known mainly for the massively multiplayer online role-playing game (MMORPG) Ragnarok Online.

2020 has been busy for Gravity. Midway through the year, the online and mobile gaming company launched Ragnarok Origin, a new MMORPG, in Korea; it later launched Ragnarok X: Next Generation, another new MMORPG, in Taiwan, Hong Kong and Macau. Gravity also launched the Labyrinth of Ragnarok, an idle MMORPG, in the Philippines, Singapore and Malaysia.

2. Bilibili (NASDAQ:BILI)

Year-to-date gain: 249.88 percent; current share price: US$73.32

China’s Bilibili is an online entertainment platform. Founded in 2009 and named Bilibili the next year, it began as a content community inspired by anime, comics and games (ACG), but has evolved since then to include videos, live broadcasting and mobile games.

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Bilibili is mainly used for video sharing, with users submitting videos across a wide variety of genres. The company is known for its “bullet chatting” feature, which allows users to comment on videos in real time. On the gaming side, Bilibili offers mostly ACG-themed games such as a version of the Aniplex game Fate/Grand Order. Aside from that, the company owns League of Legends and Overwatch esports teams.

2020 highlights for Bilibili include a new three year strategic partnership with Riot Games. The deal gives Bilibili an exclusive license to live broadcast global League of Legends events (in Mandarin) in China from 2020 to 2023. It also announced an equity investment in Huanxi Media Group (HKEX:1003).

3. Turtle Beach (NASDAQ:HEAR)

Year-to-date gain: 118.82 percent; current share price: US$19.93

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.

The company 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 has released a slew of news. Among other things, the company joined forces with YouTube personalities, was added to the Russell 3000 Index (INDEXRUSSELL:RUA) and responded to the COVID-19 pandemic by launching specialized bundles geared at helping people work from home or participate in online learning.

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Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

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Published on April 20th, 2020 by Harvi Sadhra

This is a guest contribution by Harvi Sadhra of Hashtag Investing. Hashtag investing is an exclusive community for active investors to get real-time feedback and discover compelling stocks and strategies any time.

At the height of COVID-19, gaming stocks are making new highs. As the world is locked indoors due to the pandemic, more people are joining the gaming world.

While gaming stocks are typically not the type of high quality dividend growth stocks we cover on Sure Dividend, they have performed especially well as of late.

Gaming stocks like Zynga (ZNGA) and Activision Blizzard (ATVI) recovered from the March sell-off and rose more than 20% and 12% YTD (year-to-date), outperforming the S&P 500 Index, which fell 14%.

Welcome To The Lucrative World Of Gaming

Even before the pandemic, the video game industry was lucrative, growing 7.2% YoY (year-over-year) in 2019. Video games are gradually becoming the preferred form of entertainment. Data from Newzoo and Comscore shows that global video game revenue of $148.8 billion surpassed worldwide movie box office collection of $42.5 billion in 2019.

The significant change in the technology and business models of the gaming industry is driving growth. Video games have expanded beyond consoles to PCs and mobile. Thanks to high-speed internet, game developers have gone digital. Instead of buying video game packages, gamers can download games, subscribe to cloud gaming services, and make in-gaming purchases like new missions and player skins to enhance their gaming experience.

Similar to other physical sports, video games have sporting events called esports, where professional gamers compete in front of millions of viewers. According to Newzoo, 443 million people watched esports in 2019, and this number is expected to reach 495 million in 2020. The secret to succeeding in gaming is developing games that generate a loyal fan base for sequels, prequels, and merchandise goods.

2020 – A Good Year For Gaming

2020 is a good year for gaming stocks. We bring to you the top five NASDAQ gaming stocks which you should have in your portfolio. The stocks were selected based on their liquidity, growth, and fundamental strength.

Top Gaming Stock #1 – Activision Blizzard

Activision Blizzard is the world’s largest pure-play video game company with $6.5 billion in annual revenue and $51.8 billion market capitalization. It earns revenue by selling video games and services for game consoles (30%), PCs (26%), mobile devices (34%), and others (10%). Game services include in-game purchases and merchandise while the others segment includes proceeds from esports events.

Activision Blizzard has one of the most robust franchisee catalogs including World of Warcraft, Call of Duty, StarCraft and Bubble Witch, Diablo, and Overwatch. It earns 76% of its revenue from digital channels and 24% from retail and other sources. Activision Blizzard also broadcasts professional Overwatch matches on Disney’s (DIS)ABC networks, the Disney Channel, and ESPN.

In 2019, Activision Blizzard’s revenue fell 13.5% YoY, while its free cash flow rose 3.4% YoY to $1.7 billion. With a net cash position of ~$3.2 billion, it is well-placed to withstand the crisis and pay a dividend. The stock is making a new 52-week high of $67 amidst the pandemic.

Top Gaming Stock #2 – Electronic Arts

Electronic Arts (EA) is another video game giant with annual revenue of $5.5 billion and a market cap of $32.8 billion They offer games and services for consoles, mobile, and PC, and earn ~75% of revenue from digital channels. However, EA is more dominant in game console sales, earning 70% of its revenue from here. It earns 15% revenue each from PC and mobile games, and is witnessing increasing growth in mobile games.

EA has some of the best sports game franchises like Madden NFL, NCAA Football, NBA Live, and FIFA, and it is monetizing these games on esports. It also has an exclusive agreement with Disney for the rights of the Star Wars franchise. The franchisee licenses limit EA’s scope for merchandise sales. Its largest source of revenue is live services like in-game purchases, extra content, subscriptions, and esports. EA plans to monetize its games like Apex Legends and Battlefield through esports.

EA has a stronger cash position than Activision Blizzard. EA generates a higher free cash flow of $1.76 billion and has a more substantial net cash position of $4.6 billion. Its stock rose 5.7% YTD to its 52-week high of $114.47.

Top Gaming Stock #3 – Take-Two Interactive

Unlike EA and ATVI, Take-Two Interactive (TTWO) is a smaller player with estimated annual revenue of $3 billion and a market cap of $14 billion. However, similar to EA, Take-Two has a larger exposure to game consoles, which contribute to 85% of its revenue. It earns the remaining 15% revenue from PC and other platforms. It has less exposure to esports but has the potential to expand.

Take-Two’s biggest franchise Grand Theft Auto has the potential to become an esports game. Its other popular franchises include Red Dead Redemption, NBA 2K, and WWE 2K. Unlike EA that earns more than half its revenue from live services, Take-Two earns only 37% of its revenue from live services. Its major source of income is full game spending.

Take-Two Interactive is estimated to have a free cash flow of over $500 million and a net cash position of over $2 billion in fiscal 2020.

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Top Gaming Stock #4 – Zynga

Another smaller player in the video game space is Zynga (ZNGA), which widely caters to the mobile platform. All its mobile games are free and it earns most of its revenue from in-game purchases and other live services. Some of its biggest franchisees are Mege Dragons, Empire & Puzzles, and Slots. It draws 90% of its revenue from mobile and 10% from advertising.

In 2019, Zynga’s revenue rose 46% YoY to $1.32 billion, and free cash flow rose 52.5% to $239 million. It has a net cash position of $790 million. Zynga is a high-growth stock increasing 21% YTD and has a market cap of $7.12 billion.

Top Gaming Stock #5 – NetEase

Adding to the above four American companies is Beijing-based NetEase (NTES), which develops PC and mobile games and also distributes games of Activision and Microsoft’s Mojang in China. NetEase largely caters to China, Japan, and other Southeast Asian markets. It has franchises like Westward Journey, Knives Out, and Identity V. Apart from gaming, it offers other online services like advertising, email, e-commerce, and music streaming.

NetEase revenue rose 15% YoY to $8.4 billion and generated free cash flow of $1.95 billion in 2019. Best online casino canada reviews. NTES stock rose 6.1% YTD and has a market cap of $46.2 billion.

Good Gaming Mix

The above list is a mix of large players such as ATVI, EA, and NTES, high growth stock ZNGA, and a mid-cap stock TTWO. ATVI, EA, and TTWO peaked in Q3 2018 and then came crashing down as China froze gaming license approvals. These three stocks performed in line with the S&P 500 Index in 2019. Now, they are on a growth spree and have the potential to reach their 2018 levels as the covid situation, and regulatory environment works in their favor.

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On the other hand, ZNGA and NTES outperformed the market in 2019 and see strong growth momentum in 2020 as well.