GameSquare Q2 Highlights Include Live-streaming Viewership Is Up 10% From Q2 2023; Twitch's Dominance Of The Live Streaming Market Seems To Be Declining - In Q2 2023, It Held 70% Of The Market Share Of Hours Watched. In Q2 2024, That Share Has Dropped To Just 60%.
Portfolio Pulse from Benzinga Newsdesk
GameSquare's Q2 2024 report highlights a 10% increase in live-streaming viewership from Q2 2023, reaching 8.5 billion hours watched. Twitch's market share has declined from 70% in Q2 2023 to 60% in Q2 2024, indicating a shift in the live streaming market.
July 31, 2024 | 1:05 pm
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POSITIVE IMPACT
GameSquare's Q2 2024 report shows a 10% increase in live-streaming viewership and a decline in Twitch's market share from 70% to 60%.
The increase in live-streaming viewership and the decline in Twitch's market share suggest a positive trend for GameSquare, potentially leading to increased revenues and market presence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Twitch, owned by Amazon, has seen its market share decline from 70% in Q2 2023 to 60% in Q2 2024.
The decline in Twitch's market share could negatively impact Amazon's revenues from its live streaming segment, potentially affecting its stock price in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80