Top Esports Stocks to Buy in 2019
With fast-growing global revenue and a rush of technology and consumer-products companies jumping in to get a piece of the expanding market, esports has become a hot topic in tech and entertainment. Strange as it might sound, coverage of other people playing video games has already demonstrated an impressive pull as spectator entertainment content -- and it has a huge runway for growth. Before taking a closer look at each of these esports players, let's establish some foundations about the space and why it looks like it deserves attention from growth-focused investors.
Image source: Getty Images.
The market for video games as spectator entertainment is expanding at a rapid clip, but it's still young and waiting to be defined in many respects. Research firm Newzoo reports that the worldwide esports audience hit 380 million viewers in 2018, and it projects that the total viewer base will hit 557 million by the end of 2021. A report from Goldman Sachs suggests that esports revenue could climb from $869 million in 2018 to $2.96 billion in 2022. The relatively nascent state of the industry makes growth difficult to forecast, and projections tend to vary a great deal depending on how they define the market and other factors. However, most expectations point to rapid growth.
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