5 Most Profitable Gaming Stocks Now

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1. Microsoft Corporation (NASDAQ:MSFT)

Net Income TTM: $67.44 billion

Microsoft Corporation (NASDAQ:MSFT) is a leading American technology company known for its Windows operating systems and Microsoft Office suite. The company entered the gaming industry with the release of the original Xbox console on November 15, 2001, under the Xbox brand. The Xbox brand has since expanded, offering various consoles, including the latest X Box Series S|X, and a network of 23 game development studios under Xbox Game Studios. Additionally, the brand provides subscription services, such as Xbox Game Pass and Xbox Live.

Perhaps the biggest reason why Microsoft is on our list of the gaming stocks is because of its planned acquisition of Activision. Recently, Reuters reported that Microsoft Corp is expected to win EU antitrust approval for its $69 billion acquisition of Activision.

On January 24th, 2023, Microsoft Corporation (NASDAQ:MSFT) announced its result for the second quarter of the fiscal year 2023, reporting revenue of $52.7 billion, which missed market expectations by $404.99 million. The Normalized EPS stood at $2.32, surpassing analyst’s expectations by $0.1.

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