Monday, December 31, 2018 8:14:06 PM
4:04 pm ET December 31, 2018 (Benzinga) Print
The performance of the blockbuster hit “Fortnite” in 2018 is one of the biggest stories in gaming in recent memory. “Fortnite” broke all kinds of records, and while game developer Epic Games is a private company, there were plenty of public companies that benefited from the craze.
“Fortnite” singlehandedly grossed a $3-billion profit for game developer Epic Games in 2018 and reportedly now has 200 million players. Unfortunately, Epic is a private company, but investors who want to profit from the popularity of “Fortnite” have options.
Fortnite Investments
The most direct public “Fortnite” winner is China’s TENCENT HOLDING/ADR (OTC: TCEHY), which owns a 40-percent stake in Epic.
In addition to Tencent, toy company Funko Inc. (NASDAQ: FNKO) landed a deal with Epic in July to produce “Fortnite”-branded toys and collectibles. The news sent the stock surging, and Funko shares finished the year up 93 percent.
Indirect Plays
Headphone maker Turtle Beach Corp (NASDAQ: HEAR) was likely the biggest public “Fortnite” winner of 2018.
The game's battle royale-style play relies heavily on positional audio, and high-quality Turtle Beach headphones can give players a major advantage. Turtle Beach’s incredible 690-percent 2018 gain is a reflection of not only “Fortnite’s” success, but of the continuing wave of popular battle royale-style games that include “PUBG,” “Call Of Duty: Black Ops 4,” and Tencent’s “Ring of Elysium.”
It seems as though 2019 will be another huge year for battle royale games, suggesting NVIDIA Corporation (NASDAQ: NVDA) and its high-end gaming graphics cards could continue to be a long-term winner. Nvidia stock took a breather in 2018 after a huge run-up in recent years.
Publisher Activision Blizzard, Inc. (NASDAQ: ATVI), which added the battle royale-style “Blackout” mode to the latest installment of its “Call of Duty” franchise, will likely continue to cash in on the trend in 2019 and beyond. If the early success of “Call Of Duty: Black Ops 4” is any indication, “Fortnite” may have paved the path for Activision Blizzard to follow for years to come.
Recent HEAR News
- Turtle Beach Corporation to Report First Quarter 2024 Financial Results on Tuesday, May 7, 2024 • Business Wire • 04/23/2024 08:05:00 PM
- PDP Celebrates Fortnite Festival Season 3 With the Launch of the RIFFMASTER Wireless Guitar Controller • Business Wire • 04/23/2024 01:15:00 PM
- Best-Selling Gaming Accessory Brand Turtle Beach Unveils New Gaming Headsets, Keyboards, & Mice Launching May 2024 • Business Wire • 04/18/2024 12:30:00 PM
- Turtle Beach Announces Update on Its Return of Capital Strategy to Shareholders • Business Wire • 04/09/2024 08:18:00 PM
- PDP’s RIFFMASTER Shreds Through Pre-Orders • Business Wire • 03/26/2024 12:30:00 PM
- PDP’s RIFFMASTER Pre-orders Start Now! • Business Wire • 03/21/2024 12:30:00 PM
- PDP Launches Grand Prix Peach REMATCH GLOW Wireless Controller for Nintendo Switch • Business Wire • 03/19/2024 12:30:00 PM
- Turtle Beach Announces Transformational Acquisition of PDP and Intention to Launch Reverse Dutch Tender Auction • Business Wire • 03/13/2024 08:06:00 PM
- Turtle Beach Announces Fourth Quarter and Full Year 2023 Earnings Results • Business Wire • 03/13/2024 08:05:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/01/2024 10:07:47 PM
- Turtle Beach Corporation to Report Fourth Quarter and Full Year 2023 Financial Results on Wednesday, March 13, 2024 • Business Wire • 02/28/2024 09:05:00 PM
- Grab the Wheel & Floor It! Turtle Beach’s VelocityOne Race Is Now Available for Sim Racers on Xbox and Windows PC • Business Wire • 02/27/2024 01:30:00 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/14/2024 08:56:42 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/14/2024 04:32:57 PM
- Become the Top Gun With All the Right Stuff – Turtle Beach’s Premium VelocityOne Flightdeck HOTAS Is Now Available • Business Wire • 02/13/2024 01:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/05/2024 09:30:43 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 01/17/2024 09:31:09 PM
- Drop the Hammer & Shift Into a New Level of Realism With Turtle Beach’s VelocityOne Race for Xbox & Windows PC • Business Wire • 01/16/2024 04:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/02/2024 09:45:02 PM
- Turtle Beach’s Groundbreaking & Critically Acclaimed Designed for Xbox Stealth Ultra Wireless Controller Launches Globally • Business Wire • 12/15/2023 01:30:00 PM
- Turtle Beach Unveils Its Groundbreaking VelocityOne Flightdeck – the Ultimate Universal HOTAS Flight Simulation Control System • Business Wire • 12/14/2023 01:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/01/2023 11:56:34 PM
- Turn Your Controller Into a Command Center – Introducing Turtle Beach’s Groundbreaking Designed for Xbox Stealth Ultra Wireless Controller • Business Wire • 11/30/2023 01:30:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/07/2023 10:00:33 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/07/2023 09:20:09 PM
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