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It is approximated that there are currently more than 2. 7 billion players around the world, an incredible two-fold boost in just five years. Furthermore, the global video gaming industry is now considered to be bigger than the TV, movie, and music industries integrated. In 2019, the gaming industry generated revenues of over $145.

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The dynamics driving the market were more magnified by the Covid-19 pandemic, which has compelled individuals to remain home and fueled an increase in interest towards video gaming. The rate of adoption of online video gaming has actually increased as a brand-new medium for home entertainment and social interaction. Consequently, computer game playing times have surged multifold across the world with profits expected to reach roughly $159.

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It is additional forecasted to reach $200. 8bn by 2023, signifying unprecedented development that will continue to challenge conventional entertainment platforms. Of the 3 major online gaming types (PC, console, and mobile), mobile video gaming platforms are most likely to account for the biggest share, of which smartphone video games are expected to contribute over 80 per cent in revenues.

Thus, the outlook for the market stays robust due to strong basics, which have spurred investor interest recently. Significant gaming stocks have seen healthy growth in 2020, with positive YTD performances. This further highlights the industry's appeal and strength regardless of pandemic-induced obstacles. Activision Blizzard, which owns prominent gaming franchises (such as Call of Task, Sweet Crush) has taken several tactical efforts during the pandemic such as presenting free-to-play models and esports to gain traction.

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Notably, the business's free cash flow rose 494 percent in Q2, while its EPS rose 53 percent. Tencent Holdings, with major operations in e-commerce, digital payments and online video gaming, has actually likewise emerged as an outperformer throughout the crisis duration.  Another Point of View  into its organizations have actually allowed strong revenues development, and in Q2 2020, the company's income rose 29 per cent y-o-y to $16.