Movers and SHAKERS
Engine Media Holdings, Inc. (GAME)(GAME:CA)
Revving Up Growth
Engine Media Holdings Inc is engaged in esports data provision, esports tournament hosting, and esports racing. Its brand profile includes Eden Games, Allin sports, and UMG, and others. The company's operating segments include E-Sports; Media and Advertising and Corporate and Other. It generates maximum revenue from the Media and Advertising segment. The Media and Advertising segment includes platform and advertising services provided to other broadcasters, primarily local tv and radio broadcasters.
Michael Kupinski, Director of Research, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Initiate coverage. We view Engine Media as among our favorite plays in the fast growing esports and iGaming industries. The esports audience is growing rapidly with 2.8 billion gamers and 50 million e-sport viewers according to NewZoo. We believe that the company's sports betting business, Winview, has an unique in-play betting platform that should show rapid revenue growth.
Diversified revenue streams. The company has multiple business lines with various revenue streams from advertising, sponsorships, and subscriptions. In fact, a large 28% of its revenues are derived from a SaaS model. Notably, each of these business lines offer attractive growth opportunities ...
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.