The Gaming and eSports stocks we’ve uncovered have seen rapid revenue growth
SmallCapPower | June 7, 2019: There are few sectors more exciting currently than eSports and Gaming. With the Supreme Court of the United States striking down the Professional and Amateur Sports Protection Act (PASPA) in May 2018, sports betting is now expected to reach a staggering US$3.1B to US$5.2B by 2023. eSports companies are major players in the burgeoning US$140B gaming industry, with revenues expected to reach US$1.8B by 2022. Today, we have identified three Gaming and eSports stocks that have realized rapid revenue growth over the past four quarters.
*Share prices as at close Wednesday, June 6, 2019, data obtained from S&P Capital IQ
Bragg Gaming Group Inc. (TSXV:BRAG) – $0.43
Interactive Media and Services
Bragg Gaming Group is a Canada-based gaming company, formed by a group of gaming industry veterans. Built on the foundation of recently-acquired Oryx, a turn-key gaming solution provider, the Company is focused on the emerging area of legalized U.S. sports betting and eSports. In addition to Oryx, the Company also has a previously-acquired asset, GIVEMESPORTS, a high-traffic sports media page hosted on Facebook with over 33.6M users visiting each month. By utilizing its recent acquisition of Oryx, the Company has also developed a proprietary gaming platform, GIVEMEBET, that is expected to leverage GIVEMESPORT’s large following and monetize users who may transition into online gaming and sports betting.
- Market Cap: $33.5M
- YTD Return: -51%
- Average 90 Day Trading Volume: 150,000
- Estimated Compounded Average Quarterly Revenue Growth: 41%*
*Note that Bragg Gaming adjusted its fiscal year period in 2018, this value has been adjusted accordingly
Millennial eSports Corp (TSXV:GAME) – $0.05
Casinos and Gaming
Millennial eSports operates millennialesports.gg, an eSports platform and online community. GAME provides gamers with a range of online competitions and leagues, providing gamers from around the world the opportunity to win prizes. The Company’s production division delivers turn-key tournament & event planning, coordination, and logistics. The division operates out of a ~15,000 square foot studio located at Neonopolis in downtown Las Vegas, Nevada. Millennial eSports also operates mobile applications related to eSports. Its services include video production, promotions, streaming, and broadcasting. On June 5, Millennial eSports Corporation announced a consolidation of its share capital on a 1 for 15 basis. Its 165,094,518 outstanding common shares will be consolidated to 11,006,301 common shares at market open on June 10, 2019.
- Market Cap: $8.3M
- YTD Return: -16.67%
- Average 90 Day Trading Volume: 110,000
- Compounded Average Quarterly Revenue Growth: 19.3%
Super League Gaming Inc. (NASDAQ:SLGG) – $7.00
Interactive Media and Services
Super League Gaming operates an online eSports community and content platform. Through its cloud-based technology platform, Super League Gaming connects with its network of gamers, venues, and brand partners to enable eSports broadcasting throughout the world. SLGG has multi-year, strategic partnerships with major game publishers, such as Microsoft Corporation and Riot Games Inc, with titles including Minecraft and League of Legends, respectively. The Company delivers gaming experiences to its members with these titles through its platform.
- Market Cap: $58.6M
- YTD Return: -36.6%
- Average 90 Day Trading Volume: 90,000
- Compounded Average Quarterly Revenue Growth: 17.9%
Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.
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