Business Cave Logo
No Result
View All Result
Wednesday, March 22, 2023
  • Login
  • NEWS
  • ECONOMY
  • BILLIONAIRES
  • INNOVATION
  • REAL ESTATE
  • LIFESTYLE
  • SPORTS
  • TECH
Subscribe
Business Cave
  • NEWS
  • ECONOMY
  • BILLIONAIRES
  • INNOVATION
  • REAL ESTATE
  • LIFESTYLE
  • SPORTS
  • TECH
No Result
View All Result
Business Cave
No Result
View All Result

Are Online Gaming Platforms Still a Good Investment?

by Business Cave
July 6, 2022
in Gambling
0
Are Online Gaming Platforms Still a Good Investment?
Share on FacebookShare on Twitter

The popularity of online gaming platforms has risen tremendously over the years. The gaming industry has always been ahead of time as innovative adapters and creators drive it for decades. Last year, the gaming market was valued at USD 198.40 billion, and it is expected to almost double by the year 2027. Needless to say, online gaming platforms are indeed a good investment, the question is which one is the best.

Generally, to build wealth, it is important to invest your money. Now, in what sector you will invest your money solely depends on you. If you do not invest in your life, the reality is that you are missing out on opportunities to increase your financial worth.

Of course, just like when you gamble at casinowhizz.com, you have the potential to lose your money in an investment, but if you invest wisely, the potential to gain money is automatically much higher. Some of the main reasons why people invest their money are:

  1. Reaching financial goals
  2. Starting and/or expanding a business
  3. Saving for retirement

Many people expected that the hype around the gaming industry will die off as lockdown restriction eases, however a lot of gaming companies such as Microsoft, Activision Blizzard, and Electronic Arts, continue to prove their doubters wrong by expanding more than ever before.

At the moment, the top gaming stocks you should consider buying or selling are Advanced Micro Devices, Unity Software Incs and Roblox Corporation, Zynga, Tencent, Microsoft Corp., and many more.

Needless to say that the online gaming sector is booming with growth anticipated for years to come as technology continues to develop further. This is why investors should look at online gaming stocks as a great way to diversify portfolios as well as strengthen a long-term growth plan.

Why You Should Consider Investing in Roblox Corp

Roblox is a gaming company with billions of users that play and communicate through its Roblox gaming platform. Impressive enough, Roblox ranks as one of the top online gaming platforms for audiences under the age of 18. This game has its digital currency as well as a range of unique virtual experiences.

Generally, there are three main reasons why someone would consider investing in Roblox. For starters, due to its huge advertising potential in the metaverse. If you did not already notice, Roblox has begun to get some traction with advertisers, which can be a powerful driver over the long term. Its estimated size in 202 was around $480 billion, and that could grow to $783 billion by 2024.

The second reason you should consider investing in Roblox is strong cash flows. The company can be very profitable as it continues growing revenue as well as users. Over the last year, Roblox generated $599 million in free cash flow from $1.66 billion in revenue.

At last, analysts are calling for 21% revenue growth for 22 and expecting $3.3 billion in revenue, which creates a forward P/S ratio over 10. This company’s growth may not be explosive, but it could grow at a double-digit percentage pace for years to come.

Why You Should Consider Investing in Electronic Arts

Another online gaming platform you should consider investing in is Electronic Arts. Electronic Arts have managed to generate about $1.9 billion in cash flow from operations in its fiscal year that ended in March. Although this is slightly down from last year, it is because EA had to absorb our acquisitions this year.

Assuming that this company can generate at least $2 billion in cash flow next year, that puts the stock at a forward price-to-operating cash flow of 19. So cheap valuation is one of the reasons you should consider investing in EA. Another one would be strong capital returns.

Why You Should Consider Investing in Nvidia Corp

Generally, if there’s one thing you should know about Nvidia corp is that Nvidia earnings and sales are most definitely expected to keep growing, however, that will be at a less torrid pace than what was seen in recent years.

For the fiscal year of 2023, analysts expect EPS to jump 23% of revenue as revenue increases by 26%. Although that is very strong, it is still below the scorching pace of growth that we had witnessed in 2021 and 2022.

Finally, Nvidia seems reasonably valued now. A lot of experts believe that it will continue to gain a share in data centers and also with the cloud service providers. It is up to the individual to decide whether this is something valuable to them in the long run or not.

Previous Post

Tips for Maintaining Your Master Data Management System

Next Post

How you can grow your audience on Instagram fast?

Related Posts

A Closer Look at the Most Popular Betting Strategies for Online Gambling
Gambling

A Closer Look at the Most Popular Betting Strategies for Online Gambling

February 12, 2023
7 Efficient Tips To Increase Your Earnings While Playing In An Online Casino
Gambling

7 Efficient Tips To Increase Your Earnings While Playing In An Online Casino

October 14, 2022
Instant Play in the Gambling Industry: Advantages
Gambling

Instant Play in the Gambling Industry: Advantages

October 4, 2022
Next Post
How you can grow your audience on Instagram fast?

How you can grow your audience on Instagram fast?

Please login to join discussion
  • Trending
  • Comments
  • Latest
Deepbird – Best Rapidgator Premium Link Generator

Deepbrid Premium Link Generator Working Right Now (8 Steps)

June 24, 2021
CocoLeech – Best Rapidgator Premium Link Generator

CocoLeech Premium Link Generator Working Right Now (4 Steps)

June 24, 2021
Premium Leech – Best Rapidgator Premium Link Generator

Premium Leech Premium Link Generator Working Right Now (6 steps)

June 24, 2021
avast driver updater registration key list

Latest [ Updated ] Avast Driver Updater Key || Activation Key || License Key List

July 16, 2021
Plan The Perfect Elopement Wedding

Plan The Perfect Elopement Wedding

0
Deepbird – Best Rapidgator Premium Link Generator

Deepbrid Premium Link Generator Working Right Now (8 Steps)

0
Premium Leech – Best Rapidgator Premium Link Generator

Premium Leech Premium Link Generator Working Right Now (6 steps)

0
Generator link premium – Best Rapidgator Premium Link Generator

Generator Link Premium Link Generator Working Right Now (4 Steps)

0
Plan The Perfect Elopement Wedding

Plan The Perfect Elopement Wedding

March 8, 2023
A Guide to Outsourcing Graphic Design in 2023

A Guide to Outsourcing Graphic Design in 2023

March 8, 2023
Telehealth: A guide to futuristic patient care

Telehealth: A guide to futuristic patient care

March 8, 2023
Important Things to Remember About Remote Notarization

Important Things to Remember About Remote Notarization

March 8, 2023

Recent Posts

  • Plan The Perfect Elopement Wedding
  • A Guide to Outsourcing Graphic Design in 2023
  • Telehealth: A guide to futuristic patient care

Site Navigation

  • Home
  • About
  • Contact Us
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • Sitemap
  • Team
  • Career
  • Feedback
  • Disclaimer
  • Advertise with us
  • Contact Us
Business Cave

Welcome to Business Cave USA, the USA edition of Business Cave (BC) - the fastest growing business news website around the globe. We hope you enjoy the site!

  • Home
  • About
  • Contact Us
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • Sitemap
  • Team
  • Career
  • Feedback
  • Disclaimer
  • Advertise with us
  • Contact Us

© Copyright 2021 - 2022 businesscave - Made With Love In USA. All rights reserved.

No Result
View All Result
  • About
  • Advertise with us
  • Business Cave: Latest News; Updates on Technology, Billionaires, Finance, Money, Careers, Jobs, Politics, Life. Sports.
  • Career
  • Cart
  • Checkout
  • Contact Us
  • Disclaimer
  • FAQ’S
  • Feedback
  • My account
  • Privacy Policy
  • Shop
  • Team
  • Terms and Conditions

© Copyright 2021 - 2022 businesscave - Made With Love In USA. All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Terms and Conditions