PLY, ICI: Two ASX Gaming Stocks With Over 30% Past-Year Gains

Kalkine Media2022-03-30

HighlightsSony is soon expected to launch a new video game subscription service for PlayStation.Sony’s new service is being seen as its response to Microsoft Corp's Xbox Game Pass.Sony Group Corp is ...

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Ezumu
2022-03-30
Ezumu
Zbbnazbb
whywhywhywhy
2022-03-30
whywhywhywhy
[Cool]
Ahdesfrmsg
2022-03-30
Ahdesfrmsg
Ok

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Sony’s new launch will combine its two existing offerings – PlayStation Now and PlayStation Plus, according to media reports. Sony’s new service is being seen as its response to Microsoft Corp's Xbox Game Pass, which currently has more than 25 million subscribers. The new rumoured subscription will also include a free game collection similar to Microsoft Game Pass.Following these latest reports, Australian gaming shares too may witness some movement. On this note, let’s discuss two ASX-listed gaming stocks which have given over 30% return in the past one year:PlaySide Studios Ltd (ASX:PLY)PlaySide is among Australia's largest independent video game developers. The ASX-listed video game retailer has developed games in collaboration with the world's largest studios such as The Walt Disney Company, Warner Bros, and Nickelodeon.The stock rose over 151% in the past year. However, it is done over 20% on a year-to-date (YTD) basis.The company’s revenue inched up 61% from AU$5.8 million in 1H FY21 to AU$9.4 million in 1H FY22. The net loss reduced by 78%.Furthermore, the company has also completed the acquisition of the Dumb Ways to Die (DWTD) franchise for AU$2.25 million.iCandy Interactive Ltd (ASX:ICI)iCandy Interactive develops and publishes mobile games and other digital entertainment products for audiences worldwide.The stock has risen by 35% in the past year. It is down nearly 4% YTD.iCandy reported revenue of AU$1.9 million in FY21, down 46% (YOY). The revenue fell as the company focused on a significant part of its resources on positioning for new growth areas.iCandy acquired game and animation studio, Lemon Sky Animation Sdn Bhd, and a hypercasual game platform, Nextgamer. 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