Monday, August 30, 2021
Engine Media Holdings, Inc. (GAME)(GAME:CA)
Revving Up Growth
Engine Media Holdings Inc. is traded publicly under the ticker symbol (NASDAQ: GAME) (TSX-V: GAME). The organization is focused on developing premium consumer experiences and unparalleled technology and content solutions for partners in the esports, news and gaming industry. The company’s subsidiaries include Stream Hatchet; the global leader in gaming video distribution analytics; Eden Games , a premium video game developer and publisher with numerous console and mobile gaming franchises; WinView Games, an industry innovator in audience second screen play-along gaming during live events; UMG, an end-to-end competitive esports platform enabling the professional and amateur esport community with tournaments, matches and award nominating content; and Frankly Media, a digital publishing platform empowering broadcasters to create, distribute and monetize content across all channels. Engine Media generates revenue through a combination of direct-to-consumer and subscription fees; streaming technology and data SaaS-based offerings; programmatic advertising and sponsorships. To date, the combined companies’ clients have included more than 1,200 television, print and radio brands, dozens of gaming and technology companies, and have connectivity into hundreds of millions of homes around the world through their content, distribution and technology services.
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.