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Zynga or Electronic Arts? By StockNews


© Reuters. Better Gaming Stock: Zynga or Electronic Arts?

Last year’s COVID-19-driven remote lifestyles accelerated the demand for gaming. And while the economy’s reopening this year has been shifting people’s recreational focus to outdoor activities, the increasing availability of cloud gaming should continue driving the industry’s growth. Electronic Arts (NASDAQ:) and Zynga, gaming giants, should both benefit. Which stock is better to buy right now? Find out more. Electronic Arts Inc . Electronic Arts Inc. (NASDAQ:) is located in Redwood, California (NYSE:) City. It develops, markets and publishes content and games for mobile devices, tablets, game consoles, computers, smartphones, and other platforms. The company develops, publishes, and distributes games across a variety of genres. In comparison, Zynga Inc . Zynga Inc, based in San Francisco provides international social gaming services. It develops, markets and runs social games for mobile, social networking, and personal computers.

For the gaming industry, the COVID-19 pandemic was a good thing. People spent more time at home when there was a public health emergency. Although a shortage of semiconductors and a shift to outdoor activities may hurt the industry, there should be some growth due to the availability of cloud, online and mobile gaming. Fortune Business Insights reports that the global gaming industry will experience a 13.2% growth rate between 2021-2028. EA and ZNGA both should profit.

EA’s price has increased 4.7% over the last six months while ZNGA saw negative returns. Also, EA’s 6.8% gains over the past year are higher than ZNGA’s negative returns.

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