{"id":2465,"date":"2022-10-05T00:00:18","date_gmt":"2022-10-05T00:00:18","guid":{"rendered":"https:\/\/bettingsitesreviewed.co.uk\/?p=2465"},"modified":"2022-10-05T06:38:29","modified_gmt":"2022-10-05T06:38:29","slug":"market-cap-of-five-largest-gaming-companies-dipped-by-almost-60b-ytd","status":"publish","type":"post","link":"https:\/\/bettingsitesreviewed.co.uk\/blog\/2022\/10\/05\/market-cap-of-five-largest-gaming-companies-dipped-by-almost-60b-ytd\/","title":{"rendered":"Market Cap of Five Largest Gaming Companies Dipped by Almost $60B YTD"},"content":{"rendered":"

The latest suspension of approvals for new online games in China, the world’s largest gaming market, knocked down the share prices of Europe’s and US gaming companies. Following the fresh push by Chinese regulators, the shares of Activision Blizzard, Nintendo and Roblox dropped by 5%, while Electronic Arts and Take-Two Interactive Software fell by 12%. However, the five companies have seen their share prices fall throughout this year.<\/p>\n

According to data presented by Fair Betting Sites,<\/a> the combined market cap of the five gaming giants dipped by almost $60bn year-to-date.<\/p>\n

Roblox Market Cap Plunged by 63% YTD, the Biggest Drop Among the Top Five<\/strong><\/h3>\n

According to Ycharts and Macrotrends data, Roblox has suffered the worst share price drop of the five gaming giants this year. In the first half of 2022, the company’s share price plummeted 76% following disappointing financial results and a stock downgrade, resulting in a $30 price target on its shares. Also, analysts are concerned that slowing user engagement is a problem that could hurt Roblox’s growth.<\/p>\n