This e-sports company is expected to grow at a rate of more than 40% annually over the next five years.
Turtle Beach Corporation (HEAR)
From The Cheap Investor
Nancy’s Note: I’d like to welcome Ian Cooper, the new owner of The Cheap Investor, to our list of experts. And I’d also like to wish Bill Mathews, former owner/editor the very best in retirement.
Investors have dismissed eSports as a fad. But they’re wrong. And it’ll cost them, once they realize the growth in store. In just 2019, its global audience is expected to grow to 453.8 million –year over year growth of 15%, according to Newzoo. That includes 201.2 million eSports enthusiasts, and 252.6 million occasional viewers.
“eSports’ impressive audience and viewership growth is a direct result of an engaging viewership experience untethered to traditional media,” says Newzoo CEO Peter Warman, as quoted by Which-50. “Plenty of leagues and tournaments now have huge audiences, so companies are positioning themselves to directly monetize these eSports enthusiasts. While this began happening last year, the market is constantly expanding on its early learnings. The result: 2019 will be the first billion-dollar year for eSports, a market that will continue to attract brands
across all industries.”
The research group also believes revenue will reach $1.1 billion for the first time in 2019 – 26.7% year over year growth. By 2022, the market could reach $1.8 billion, and as much as $3.2 billion shortly thereafter.
So, it makes sense to look at stocks that could benefit, including Turtle Beach Corporation (HEAR). Turtle Beach Corporation operates as an audio technology company, providing gaming headset solutions for various platforms, including video game and entertainment consoles, handheld consoles, personal computers, and mobile and tablet devices under the Turtle Beach brand. With gaming contests increasing, it’s just beginning to spark interest in top-end headsets.
Ian Cooper, The Cheap Investor, support@thecheapinvestor.com, April 17, 2019