by Index Committee / September 18, 2020
The Roundhill BITKRAFT Esports Index held its regularly scheduled quarterly rebalance on Friday, September 18th. As part of the rebalance, three new securities were added to the Index, Flying Eagle Acquisition Corp (FEAC), Konami (9766:JP), and Guillemot (GUI FP).
Flying Eagle Acquisition Corp is a Special Purpose Acquisition Company which recently announced its intention to merge with Skillz, a mobile gaming and esports company. Skillz, which allows users to compete against one another for cash prizes, has 40 million users and 30,000 developers on its platform. The company said it projects 2022 revenue to be $555 million.
Source: CNBC, Skillz
Konami is the company behind Pro Evolution Soccer. As of June 2020, PES has over 300 million downloads worldwide on mobile and 100 million sales of the desktop version. Other games in the Konami fleet include Metal Gear and Yu-Gi-Oh Duel Links. The company is expanding their epsports presence by launching an esports complex in Tokyo with streaming rooms for competitions. Konami’s EBITDA increased to $616.4M in 2019 from $547.2M in 2018.
Source: Konami IR
Guillemot designs and manufactures gaming hardware and accessories. One of their most notable brands is ‘Thrustmaster’ which offers racing wheels, joysticks for flight simulator games, and more. According to Guillemot IR, the company generated growth of 134% for the second quarter in terms of its Thrustmaster sales, and 89% for its Hercules brand.
Source: Guillemot IR
This is not a recommendation to buy or sell securities.