Meta Platforms Is Growing in This Important Gaming Market
Today's video focuses on Meta Platforms (NASDAQ:FB), Alphabet (NASDAQ:GOOGL) (NASDAQ:GOOG), Amazon (NASDAQ:AMZN), and the current state of the live-gaming streaming market. Here are some highlights from the video.
- Stream Hatchet reported that the top three livestreaming platforms for the third quarter of 2021 are Twitch, owned by Amazon, YouTube Gaming, owned by Alphabet, and Facebook Gaming, owned by Meta Platforms.
- Twitch is currently the leader, with over 5.7 billion hours watched, representing roughly 70% of the market. Facebook Gaming, with 1.3 billion hours watched, is the only platform that saw quarter-over-quarter growth. YouTube Gaming is currently in last place with 1.1 billion hours watched.
- The top three publishers for the quarter reported by Stream Hatchet were Tencent Holdings (OTC:TCEHY), Take-Two Interactive Software (NASDAQ:TTWO), and Activision (NASDAQ:ATVI). Tencent holds the lead with 1.1 billion hours watched, driven by the success of League of Legends and Valorant. Take-Two Interactive comes in second with 0.7 billion hours watched, driven by GTA V. The third is Activision with 0.6 billion hours watched, driven by Call of Duty, World of Warcraft, and Hearthstone.
Click the video below for my full thoughts and analysis.
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John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Teresa Kersten, an employee of LinkedIn, a Microsoft subsidiary, is a member of The Motley Fool's board of directors. Jose Najarro owns shares of Alphabet (C shares), Meta Platforms, Inc., Microsoft, Sea Limited, and Tencent Holdings. The Motley Fool owns shares of and recommends Activision Blizzard, Alphabet (A shares), Alphabet (C shares), Amazon, Meta Platforms, Inc., Microsoft, Sea Limited, Take-Two Interactive, and Tencent Holdings. The Motley Fool recommends Electronic Arts and recommends the following options: long January 2022 $1,920 calls on Amazon, long January 2023 $115 calls on Take-Two Interactive, and short January 2022 $1,940 calls on Amazon. The Motley Fool has a disclosure policy.
