gaming

What Happened: Blockchain-based trading and battle game Axie Infinity (CRYPTO: AXS) has grown exponentially in a year. Over the past month alone, Axie Infinity’s protocol revenue exceeded $330 million, doubling Ethereum’s (CRYPTO: ETH) revenue which stood at $152 million, according...

Tencent Holdings Ltd (OTC: TCEHY) and NetEase Inc (NASDAQ: NTES) are among gaming companies eyeing China’s fast growing console market, CNBC reported on Sunday. What Happened: The console market is still small in China and accounted for 4.1% of the entire gaming spend in the country last year...

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. The blockchain gaming industry is currently sitting at all-time highs for active users, funding, and new projects launched. In fact, in...

Shares of Wynn Resorts, Limited (NASDAQ: WYNN) traded lower by nearly 5% on Monday morning after the stock was downgraded on concerns about the lagging casino recovery in Macau. The Analyst: Bank of America analyst Shaun Kelley downgraded Wynn from Buy to Neutral and cut his price target from $130...

There's no beating around the bush- the streaming space has gotten crowded with many options Roku Inc's (NASDAQ: ROKU) to pick from nowadays besides Netflix (NASDAQ: NFLX). The Emmy's provided another piece of evidence as The Walt Disney Company's (NYSE: DIS) Disney Plus won 71...

Axie Infinity (AXS), a token connected to the blockchain-based game of the same name, was by far the best cryptocurrency in terms of returns in July. What Happened: AXS left the likes of Dogecoin (CRYPTO: DOGE) and the other meme-coin cohort far behind in the rearview mirror in terms of returns....

Analysts reacted to the first-quarter earnings report of Take-Two Interactive Software Inc (NASDAQ: TTWO) and shared thoughts on the pipeline of content to come. The Take-Two Analysts: Raymond James analyst Andrew Marok had a Market Perform rating and no price target. Credit Suisse...

Corsair Gaming Inc. (NASDAQ: CRSR) shares are trading lower Tuesday after the company reported worse-than-expected earnings. The company reported earnings of 28 cents per share, missing the analyst estimate of 29 cents per share. Revenue came in at $472.9 million, beating the analyst consensus of $...

Ark Invest analyst Nick Grous said in a note Monday that Axie Infinity (CRYPTO: AXS) has the potential to “turbocharge” play-to-earn gaming. What Happened: Grous noted in the Cathie Wood-led Ark's weekly innovation newsletter that the gaming ecosystem is “ever...

Chinese e-commerce player JD.com Inc (NASDAQ: JD) is pumping in money in its gaming business to ensure it becomes the go-to place for young customers to shop all gaming-related goods, CNBC reported on Monday, citing a company executive. JD Plans To Parallel, Not Compete, With Others: Alibaba Group...

Tencent Holdings Ltd's (OTC: TCEHY) Hong Kong-listed shares tumbled as much as 10.2% in early trading hours on Tuesday. What’s Moving? Alibaba Group Holdings’ (NYSE: BABA) rival Tencent HK shares were down by HKD 49 in early trading. The U.S. shares of the company had closed 0....

Axie Infinity (CRYPTO: AXS) has shot up 7,520.11% since the year began, outpacing Dogecoin’s (CRYPTO: DOGE) 3,497.24% year-to-date gains, but traders bearishness could affect its price action going forward. What Happened: Data from cryptocurrency exchanges indicates that futures traders are...

Microsoft Corporation's (NASDAQ: MSFT) gaming revenue grew 11% on a year-over-year basis in the fourth quarter. What Happened: The Satya Nadella-led company’s gaming division raked in $357 million in revenue in the quarter ended June 30. Hardware sales brought in more revenue thanks to...

Reddit co-founder Alexis Ohanian said Monday that 2021 would be a "defining year" for gaming. What Happened: Ohanian made his remarks on Twitter Inc’s (NASDAQ: TWTR) platform. The Reddit co-founder said that the present times reminded him of the early days of Reddit as well as the...

Snapchat parent company Snap Inc. (NYSE: SNAP) said it has made significant progress with its augmented reality platform in the second quarter. It will also add five new games to Snap Games this year. What Happened: Snap CEO Evan Spiegel made the comments during the company’s second-quarter...