Technology, Media and Telecom North American Equity Research 17 July 2019 Industry Update Canaccord Genuity LLC (US) Michael Graham, CFA | Analyst - Esports in N. America: entering the major leagues 212.849.3924
[email protected] Esports proof points are everywhere. The 2018 League of Legends world championship final match featured two teams of five gamers each battling it out on screen to destroy Maria Ripps, CFA | Analyst - 212.849.3923 each other's Nexus. According to game publisher Riot Games, the event drew 99.6
[email protected] million unique viewers across various streaming platforms like Twitch (most estimates Alexander Frankiewicz | Associate - for actual viewership are higher). ESPN2 now regularly broadcasts Overwatch League 212.389.8070 matches alongside major golf tournaments. Leading Fortnite gamer Tyler "Ninja"
[email protected] Belvins reports earning ~$1M per month solely from revenue shares with Twitch and Canaccord Genuity Corp. (Canada) YouTube (not counting sponsorship deals with Samsung, RedBull, & Uber). Netflix CEO Robert Young, MBA | Analyst - 1.416.869.7341 Reed Hastings commented earlier this year that his company loses more viewers to
[email protected] Fortnite than to HBO. Esports viewership consists primarily of a hard-to-reach millennial audience, and the numbers are growing quickly. In this report (a continuation of our Christian Sgro, CFA | Associate - 1.416.869.7364 February Esports Investment Landscape Report), we revisit key themes, estimate the
[email protected] size and outlook for various segments of the esports market, and alert investors to key operators on the landscape. Esports market projections - we project total N. American Esports platform viewership will grow from 112.3M this year to 223.6M by 2023.