In today's video I look at fundamentals, financial metrics, and recent news for PlayStudios (NASDAQ:MYPS), Skillz (NYSE:SKLZ), Roblox (NYSE:RBLX), Corsair (NASDAQ:CRSR), Gravity (NASDAQ:GRVY) and SPDR S&P 500 ETF Trust (NYSEMKT:SPY). Below I share a few highlights from the video.
- Skillz focuses on bringing competitive gaming to everyone, and Playstudios is focused on building a loyal audience for its games by providing real-life rewards. Playstudios and Skillz are still in early phases in the gaming market and are expected to have strong future revenue growth as they expand into stronger partnerships and release more games.
- Skillz recently partnered with the NFL to create a video game developer challenge. The challenge is for game developers to develop an NFL-inspired mobile game for the Skillz platform. At the moment, semifinalists have been chosen, and the challenge is now in phase 2 of 4.
- Gravity focuses on games in Southeast Asia. Its main products are based on its Ragnarok franchise, and are mainly PC and mobile games. When you look at sales on Alphabet's Google Play for July 23, 2021, Ragnarok games are in the top 10 highest-grossing apps in numerous Southeast Asian countries, as reported by App Annie.
*Stock prices used were the closed prices of July 23, 2021. The video was published on July 24, 2021.
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Jose Najarro owns shares of Gravity, PLAYSTUDIOS, Inc., and Skillz Inc. The Motley Fool owns shares of and recommends Skillz Inc. The Motley Fool has a disclosure policy. Jose is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.