5 Best Performing Gaming Stocks Record Average ROI of 101% YTD

Data presented by Buy Shares indicates that the five best-performing gaming stocks have recorded an average ROI of 101.33%. The ROI is on a Year-to-Date basis.

Gaming stocks to keep growing

From the data, Singapore based online game developer Sea Limited recorded the highest ROI at 286.27%. China’s gaming franchise Bilibili has the second-highest ROI at 99.52%.

Game Stop had the third-highest returns at 48.81% followed by Nintendo with an ROI of 37.02%. Chinese based entertainment giant Tencent Holdings recorded the fifth-highest ROI at 35.05%.

The Buy Shares highlights that most of the gaming stocks have registered positive returns. Other notable companies with high ROIs include Activision Blizzard (33.50%), ake-Two Interactive Software (31.18%), SciPlay Corporation (26.51%), Electronic Arts (20.24%), and Sony (5.40%).

The research acknowledges some of the factors fuelling the growth of gaming stocks. According to the research report:

“Gaming stocks continue to remain attractive for many investors as the sector shifts towards higher margins. Most companies can generate revenue all year round. In the past, most gaming companies used to rely on big releases to get them through the year. The ability to distribute games in a digital form has helped companies cut on costs and maximizing revenues.”

This year’s surge in stock prices was also due to the coronavirus pandemic. The pandemic confined most people at home who turned to game as an alternative form of entertainment.