Which Video Game Stock is a Better Buy? By StockNews
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With more options for outdoor entertainment, the competition in video games is increasing to keep their users. Electronic Arts (EA), one of the most prominent video game designers, is featured here. Take-Two Interactive (NASDAQ:) have the potential to profit from industry tailwinds. What stock do you think is the better investment?Electronic Arts Inc . Take-Two Interactive Software, Inc., and (NASDAQ) are established leaders in the video-gaming industry. EA creates, publishes and distributes interactive entertainment software for various types of video games, including handheld players and mobile phones. EA also offers online gaming services. TTWO creates, publishes and distributes interactive entertainment games and consoles all over the globe. The company sells its products via physical retail and digital download. It also offers online platforms for cloud streaming, as well as on-demand services.
The video games industry is seeing an increasing user base, generating substantial returns and witnessing a growing revenue stream. However outdoor entertainment options are becoming more accessible as COVID-19 incidences decrease and vaccination rates increase. Companies in the space develop new games that are more appealing to their existing users, while also improving latency and quality. Global gaming revenues are expected to rise at 13.2% annually to $545.98 million by 2028. EA and TTWO both should be able to benefit.
EA lost 5% while TTWO has suffered a 10% decline over the last six months. Which stock do you think is the best? Let’s find out.
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