While some businesses soared during the global crisis, most companies were affected negatively. Amazon is a perfect example of the former category. Well, companies tend to gain or lose their profits every year and this year was not an exception.
Below, we look at tech businesses that succeeded this year.
Playtech iGaming
Playtech is a top software and services provider in the gambling industry with over 5,000 employees in 19 countries. It also has cohorts with lots of the world’s leading land casino groups, government-sponsored bodies like lotteries, and other iGaming mobile operators.
Established in 1999, Playtech is listed on the Main Market of the London Stock Exchange and has created numerous gambling software that offers services such as live casino gaming, Omni-Channel, bingo, poker, land-based casino, and sports betting.
Despite their stock dropping hard over the last three years, Playtech plc is thriving in 2020 as their share price has gained 24% in the past three months.
Since share prices do not always reflect the worth of a business, you can always measure how well the company’s market fared by looking at the relations between the company’s earnings per share (EPS) and its share price.
Keep an eye out for online slot tech news because Playtech is heavily involved in this industry, and new slot partnerships with aggregator platforms joining forces and a possible entrance into the US market could send stock flying.
Netflix
Founded by Reed Hastings and Marc Randolph in 1997, Netflix is a remarkable online streaming service that offers a wide range of award-winning TV series, movies, and documentaries on different internet-connected devices, private computers, and TVs. For a monthly subscription price, you can watch them all without interruption.
On a year-over-year basis, the earnings of Netflix rose by 18% as their sales went up by 23%. For the final quarter of the year, Netflix has predicted incomes of $1.35 a share on revenue of about $6.57 billion.
Nonetheless, the news of a possible COVID-19 vaccine from Pfizer drove their stocks down by 8.6% in November. This was because of the hope that people would return back to their jobs and no longer have to stay at home for safety.
Amazon
Founded in 1994, Amazon is the world’s biggest online retailer store and a well-known cloud service provider that also focuses on artificial intelligence and digital streaming. The company, considered one of the Big Five in the US tech scene, has its assets valued at about $1.7 trillion as of August.
In October, the company reported earnings of $12.37 per share, which was well above the predicted value of $7.48. After having their revenue increase by 37% in Q1 2020, Amazon forecast that by the end of the year, their revenue would increase to anything from $112 billion to 121 billion, which would signify a growth of 33% at the midpoint.
Walt Disney
Disney+, a subsidiary of Walt Disney, is a subscription video streaming service that mainly distributes movies and TV series produced by Walt Disney Television and the Walt Disney Studios. It was launched in 2019 and has accumulated some 86.8 million users as of December 2019. The service scaled through from its no-growth period, escalating to record highs in November 2019.
When the COVID-19 pandemic began around March, Disney stocks crashed more than 40%. In December, however, they finally climbed past a 135.51 buy point. Finding its way back to its prime period, the stock went up to 142.29, thus recording its highest share increase of 14%.
