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Coronavirus increased the value of video games companies
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Old 2nd July 2020, 07:29   #1
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Default Coronavirus increased the value of video games companies

Market cap of leading video game companies jumped by $354.5 billion this year

As an industry custom built for people to stay indoors, the global video games market has boomed in the last few months, bringing huge profits for the leading gaming companies and their shareholders.

According to data gathered by BuyShares.co.uk, the market capitalisation of the six leading video games companies in the world jumped by $354.5 billion between January and June. With a 28 percent growth in the total value of shares in this period, the Chinese IT giant Tencent has witnessed the most significant rise in market capitalization.

In January, the market cap of the world's largest video game company, Tencent, amounted to $49.03 billion revealed MacroTrends data. The coronavirus outbreak triggered a significant drop, with the total value of shares falling to $42.06 billion in March. However, statistics show the next month brought a recovery, with the market cap jumping to $50.96 billion. The upward trend continued in the last two months, with the total value of shares reaching $62.20 billion last week, a $13.17 billion increase in six months.

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