Even though it is undergoing a transition from consoles to digital platforms, the gaming industry has racked up some substantial gains in 2017. Stocks of major gaming companies have shown double- to triple-digit gains this year. Moreover, the exchange-traded fund (ETF) industry’s first fund dedicated to gaming – the ETF Managers Trust Video Game Tech ETF (GAMR) – is up by approximately 50% this year.
Research firm Goldman Sachs, which recently began coverage of the sector, stated that video game publishers are “in the middle of a renaissance.” According to a report released by consulting firm PricewaterhouseCooper (PwC), global revenue from video games is expected to hit $93.2 billion by 2019. The firm estimates that global distribution for digital games will reach $12.9 billion during the same time period. (See also: Power Up Your Portfolio with Video Game Stocks.)
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