'Video Game Spending Tops $1.5 Billion, Up 35% in March' -The Wrap
Portfolio Pulse from Benzinga Newsdesk
In March, video game spending surged to over $1.5 billion, marking a 35% increase. This growth may impact major gaming companies like Activision Blizzard (ATVI), Electronic Arts (EA), and Take-Two Interactive (TTWO).
April 21, 2020 | 7:49 pm
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POSITIVE IMPACT
Activision Blizzard may benefit from the 35% increase in video game spending, potentially boosting its revenue and stock price.
The significant increase in video game spending suggests higher demand, which could lead to increased sales and revenue for Activision Blizzard, positively impacting its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Electronic Arts is likely to experience positive effects from the surge in video game spending, potentially enhancing its financial performance.
The rise in video game spending indicates a growing market, which could translate to higher sales and improved financial results for Electronic Arts.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Take-Two Interactive may see a positive impact on its revenue and stock price due to the 35% increase in video game spending.
The increase in video game spending suggests a favorable market environment, likely boosting sales and revenue for Take-Two Interactive.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80