In this piece, we will take a look at the 5 Most Profitable Gaming Stocks Now. For more such companies, go to the 11 Most Profitable Gaming Stocks Now.
5. NetEase, Inc. (NASDAQ:NTES)
Net Income TTM: $2.94 billion
NetEase, Inc. (NASDAQ:NTES) is a Chinese technology company that operates a range of online services, including e-commerce platforms, online gaming, and music and video streaming services. The company’s most popular games include Fantasy Westward Journey and Onmyoji. The company has sold over 5.3 billion video games and more than 800 million hardware units worldwide.
On February 23rd, 2023, NetEase, Inc. (NASDAQ:NTES) announced its earnings report for Q4 2022, reporting revenue of $3.67 billion, missing market estimates by $26.16 million. The company’s Normalized EPS stood at $1.44, beating expectations by $0.30.
4. Nintendo Co., Ltd. (OTC:NTDOY)
Net Income TTM: $3.36 billion
Nintendo Co., Ltd. (OTC:NTDOY) is a multinational video game company based in Japan. Some of its most iconic gaming franchises include Super Mario Bros., Legend of Zelda, and Pokémon.
Nintendo Co., Ltd. (OTC:NTDOY) has released a total of eight gaming consoles to date. Its most recent console, the Nintendo Switch, has been a major success, with 114.33 million units sold as of November 2022.
3. Sony Group Corporation (NYSE:SONY)
Net Income TTM: $6.7 billion
Sony Group Corporation (NYSE:SONY) is a Japanese multinational corporation that is involved in the manufacturing of electronics and has a presence in the entertainment industry as well. One of its notable subsidiaries is Sony Interactive Entertainment, which develops and produces the popular PlayStation gaming consoles. Sony Interactive Entertainment has released several iterations of the console, with the latest being the PlayStation 5, launched in 2020. Its PlayStation brand dominates the gaming console market, with the presence of Microsoft’s Xbox as its main competitor. Sony Interactive Entertainment also produces exclusive game titles, such as The Last of Us and God of War series, known for their innovative gameplay, storytelling, and graphics.
On February 2nd, 2023, Sony Group Corporation (NYSE:SONY) announced its financial results for the third quarter of the fiscal year 2022, reporting revenue of $26.51 billion, missing estimates by $1.46 billion.
2. Tencent Holdings Limited (OTC:TCEHY)
Net Income TTM: $25.61 billion
Tencent Holdings Limited (OTC:TCEHY) is a Chinese corporation that operates in both the technology and entertainment industries. Among its subsidiaries is the Interactive Entertainment Group, which manages the company’s interest in game development and publishing. On the development side, It has five internal studio groups: TiMi Studio Group, Lightspeed Studios, Aurora Studio Group, Morefun Studio, and Next Studio. Tencent Holdings Limited (OTC:TCEHY) has had great success with several popular games, including Call of Duty: Mobile, Honor of Kings, and PUBG. These games have gained a large following and have been particularly successful in the mobile gaming market.
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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