Spending on mobile gaming could grow 20% to $120 billion this year, according to App Annie.
“It’s still bigger than all these other forms of gaming combined, including the console, PC, Mac, and handheld. That is still very true even with the launch of new consoles,” as noted by Venture Beat. “It’s not just young people spending all their time on mobile. In the U.S., Gen Z, millennials, and Gen X/Baby Boomers spent 16%, 18%, and 30% more time per user in their most-used apps in 2020 compared to a year earlier.”
Even better, according to Newzoo, “As mobile continues to be the fastest-growing and most-prevalent gaming platform, more and more IP holders across various entertainment divisions are vying for a slice of the opportunity pie.” That could be a significant catalyst for companies like Activision Blizzard (NASDAQ:ATVI), Bilibili Inc. (NASDAQ:BILI), Skillz Inc. (NYSE:SKLZ), and Zynga Inc. (NASDAQ:ZNGA).
It’s Also Great News for Enthusiast Gaming Holdings Inc. (TSX:EGLX)(OTCQB:ENGMF)
Enthusiast Gaming Holdings Inc. just announced record breaking registration at its most recent mobile games virtual event, Pocket Gamer Connects Digital #5, demonstrating the Company’s continued success pivoting its events and entertainment business to be able to thrive in a virtual format.
Over 1,500 mobile industry delegates, representing over 800 companies across 71 countries tuned in to PGCD #5, over five days last month. Delegates listened to 250+ speakers across 16 diverse tracks covering a broad spectrum of the industry, with an emphasis on game developers and publishers. Throughout PGCD #5, over 3,300 organized meetings were held online. Further, due to its unique position at the crossroads of the mobile games industry, Pocket Gamer Connects continues to attract an A list of sponsors and industry supporters including Facebook, Firebase (Google), MoPub (Twitter), Unity, Xsolla, Kwalee, CrazyLabs, JoyPac, among many more influential industry players.
Adrian Montgomery, CEO of Enthusiast Gaming commented, “I want to congratulate our Pocket Gamer team on another successful virtual event. With each additional virtual event we host, Enthusiast Gaming continues to grow and strengthen its audience and reach within the mobile games industry, allowing us to expand programming and reach new tier 1 sponsors.”
The Pocket Gamer community includes avid mobile gamers, developers (including indies), publishers and more than 26,000 industry professionals worldwide have attended the international conference series, PGC, since 2014 in the UK, Canada, USA, Finland, Hong Kong, Jordan and India as well as through virtual events. PGC provides an important platform for mobile gaming enthusiasts to connect, engage and interact, while providing valuable industry leading, expert content and discussion around the mobile gaming scene. The Pocket Gamer community is just one of many video game communities that make up Enthusiast Gaming’s platform that engages with 300 million gamers monthly across the Web, YouTube, Esports and Entertainment. PGCD #6 is scheduled for April 19-23, 2021. For more information or to register for PGC Digital visit https://www.pgconnects.com/digital/ .
Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for Enthusiast Gaming Holdings Inc. by a third party. We own ZERO shares of Enthusiast Gaming Holdings Inc. Please click here for full disclaimer.
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