Video Game Industry Proves Once Again to be Recession-Proof
Loyalty Ventures Inc. (LYLT)
Company Research
Source: PR Newswire
PALM BEACH, Fla., June 21, 2022 /PRNewswire/ -- FinancialNewsMedia.com News Commentary - Everyone seems to be worried about the impending recession, except the gaming industry. With inflation reaching multidecade highs, energy prices skyrocketing, and Q1 gross domestic product (GDP) in the US contracting 1.4%, many say a recession is inevitable. During times of economic uncertainty, it's important to consider companies that will hold up during a recessionary period. One popular sector for investors over the last decade has been video games. The video game industry is generally considered "recession-proof" because people spend more time at home during a downturn. In addition, games are a relatively inexpensive form of entertainment. Good Gamer Entertainment Inc. (OTCQB:GGAMF) (TSXV:GOOD), ironSource (NYSE:IS), Loyalty Ventures Inc. (NASDAQ:LYLT), Enthusiast Gaming Holdings (NASDAQ:EGLX) (TSX:EGLX), and Activision Blizzard (NASDAQ: ATVI) stand to benefit from strong interest for gaming.
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