AUS
NZ
UK
CA
USA
IND
_10_04_2024_16_38_50_427275.jpg)
Source: korobskyph, Shutterstock
Canada is the world's third largest producer of video games. Over the past two decades, the country has produced top free games such as Warframe, Assassin's Creed, etc. that puts the domestic gaming industry at a high pedestal.
Let's take a look at three gaming stocks that are making the latest buzz in the market:
Great Canadian Gaming Corp (TSX:GC)
The great Canadian Gaming Corp is engaged in gambling entertainment and hospitality operating throughout Canada.
The company has an experience of over 35 years in the entertainment industry and has its operations spread over three geography: Ontario, British Columbia and Atlantic.
Although the stock dipped -0.78 in the last three months while the sectorial return was 13.02 per cent, the last one-year return of the gaming company is over 84 per cent.
For the year ended 31st December 2020, the consolidated revenue from all businesses stood at C$442.3 million. This is 67 per cent lower than the comparable period of 2019 (C$1.35 billion).
Engine Media Holdings Inc. (TSXV:GAME)
Engaged in E-sports data provision, E-sports tournament hosting and E sports racing, Engine Media Holdings under its umbrella owns and manages brands such as Hidden Games, Allin sports, UMG and others.
The stock has been outperforming the market with respect to last one year return of 23 per cent while the index declined by 8.67 per cent. The scrips are up nearly 25 per cent year-to-date.
Total revenue for the year ended August 31st, 2020, was approximately US$11.1 million, an increase of 164 per cent over the same period of 2019.
The company suffered a comprehensive loss of US$33.34 million which is more than double (US$15.1 million) than that of 2019.
KIDOZ INC. (TSXV:KIDZ)
The penny game stock had a stupendous one-year run, returning over 220 per cent.
Kiddoz Inc is a micro and small cap communications company primarily engaged in mobile software products for consumers and games.
The target demography of the company are kids and it also owns KIDOZ, a content discovery network.
The stocks last three months return is 94 per cent, respectively.
The kid tech company's Q4 revenue stood at US$3.5 million, a rise of 83 per cent over the previous quarter. The Earnings Before Interest Taxes Depreciation and Amortization (EBITDA) for Q4 was US$1.01 million.
The profit for the fiscal year 2020 is US$ 142,953, as compared to the loss of 2019 that amounted to US$14.6 million.
The two segments that the company operates our ad-tech advertising and content revenue where the majority revenue comes from ad-tech.
