Rapid improvement of smartphone technology and cellular connectivity have paved the way for mobile eSports to take the main stage. In fact, the Esports World Cup has partnered with developers to include tournaments held for mobile games including a number of Tencent-owned titles1. Why might this be important industry news? Mobile gaming has the potential to open diversified revenue streams through sponsorship deals, partnerships, and advertising opportunities on both competitive and casual levels. The MVIS® Global Video Gaming & eSports Index (MVESPO) has been steadily making gains since late 2022, demonstrating the industry’s inelasticity to pricing pressures caused by global inflation. Year-to-date, the MVESPOTR index has gained 14.80%, and in the last 5 years, the index has risen by 123.27%.
MVIS® Global Video Gaming & eSports Index
Source: MarketVector. Data as of May 27, 2024.
Source1: Esports World Cup partners with Level Infinite for PUBG Mobile and Honor of Kings. Esports Insider. (March 10, 2024.) https://esportsinsider.com/2024/03/esports-world-cup-level-infinite-partner
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About the Author:
Jesse Nacht is the Index Research Associate at MarketVector IndexesTM (“MarketVector”). His core responsibilities include assisting in index development and design. Having come from a trading background, Jesse holds a Series 57 Securities Trader License. He has a Master of Arts in International Economics and Finance from the International Business School at Brandeis University. Prior to this, he also received a Bachelor of Arts in Economics from the same university.
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