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Home›Finance Debt›3 best sports actions to watch in December

3 best sports actions to watch in December

By Sophia Jacob
March 11, 2021
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Getting into the game has never been easier than it is today. Even if you may not have mastered pro-level athletic skills, there are plenty of ways to capitalize on the popularity of the sport by investing in the rapidly growing businesses on the Wall Street playground.

DraftKings (NASDAQ: DKNG), fuboTV (NYSE: FUBO), and NVIDIA (NASDAQ: NVDA) are three actions that can get you into the game. They don’t have any teams or stadiums, but they do have a strong hold on sports fans – and that’s where the real money is made from our. days.

All three companies are posting strong double-digit growth in this otherwise rocky climate. Let’s go out into the field to show you why these three actions belong to your starting XI.

Image source: Getty Images.

DraftKings

Fantasy sports are big business these days, and DraftKings is cashing in like royalty in this growing niche. It is the leader in real money betting on fantasy sports, but if you prefer more traditional betting, DraftKings has also become a major player here, too, with its online sports betting business.

Revenue increased 42% on a pro forma basis in his last trimester, and DraftKings has seen its betting audience skyrocket 64% in the past year. There are now over a million unique monthly paying customers on the platform.

The future is even brighter. DraftKings has bolstered its annual forecast for 2020, and it sees its revenue increase between 34% and 57% next year. DraftKings partners with major sports outlets, giving it the ability to make the most of future fantasy sports betting, as well as the games themselves.

FuboTV

ESPN was the ultimate premium package for die-hard sports fans, but right now fuboTV wears the crown. FuboTV is the premier sports streaming service, showing most regional and premium sporting events as part of a comprehensive digital content package. Wheelchair quarterbacks will also appreciate that this is the only live TV platform showing games available in 4K resolution.

Adjusted revenue jumped 71% in his last trimester. We are seeing the subscriber base grow 58% to 455,000 premium accounts over the past year. These sports enthusiasts are also willing to pay more for a wider range of programs, as average revenue per user has increased 14% over the past year to $ 67.70 per month.

Consumers are flocking to streaming TV platforms, and while Sling TV, YouTube TV, and Hulu’s Live TV have a decent range of sports content, fuboTV will continue to be the service of choice for cord cutters who find themselves. also be sports. passionate. Now is the time for fuboTV to shine, and it’s no surprise we’ve seen its forecast for year-end subscribers increase in the second half of this year.

NVIDIA

Some sports fans may be reluctant to view video games as a sporting activity, but there is no denying that esports – watching skilled players excel in their competitive art – is growing faster than the sports market itself. Gaming market intelligence specialist Newzoo considers it to be a market of $ 950.3 million this year, reaching nearly $ 1.6 billion by 2023.

You can put your money on software developers, console makers, and esports streaming platforms, but it’s smarter to buy more than just individual eggs in this basket. NVIDIA is the leading manufacturer of graphics cards. Its GeForce products help PC gamers optimize latency to give them a competitive advantage by reacting more quickly to the playing field. The company also offers broadcast tools and cloud-gaming solutions to more easily stand out in this market. in full growth.

NVIDIA does more than just give gamers an edge. It plays a leading role in data centers, artificial intelligence and autonomous driving. Revenue increased 57% in his last trimester adjusted earnings growing even faster.

Do you watch this game? We are in a pandemic. We are in a recession. DraftKings, fuboTV, and NVIDIA still found a way to show at least 42% year-over-year revenue growth in their last quarter. Play to win because that’s the only reason to play in this market.

This article represents the opinion of the author, who may disagree with the “official” recommendation position of a premium Motley Fool consulting service. We are heterogeneous! Questioning an investment thesis – even one of our own – helps us all to think critically about investing and make decisions that help us become smarter, happier, and richer.

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