Alphabet
’s
GOOGL
division Google has been firing on all cylinders to expand presence in the cloud gaming space, backed by the growing initiatives for its game streaming platform Stadia.
Alphabet recently added five games titled
Darksiders III, The Darkside Detective: A Fumble in the Dark, Bloodstained: Ritual of the Night, Shantae: Risky’s Revenge — Director’s Cut
and
DreamWorks Dragons: Dawn of the New Riders
to the platform.
The new games are now available with the subscription of Stadia’s premium service called Stadia Pro. With these additions, Alphabet expands its Stadia game portfolio. Currently, the number of game titles on Stadia stands at 45.
We believe, the latest move is expected to help GOOGL attract game streamers to its platform.
This, in turn, will bolster the premium subscriber base of Stadia, which will get reflected in the top line of Alphabet.
Growing Stadia Initiatives
The addition of game titles is in sync with GOOGL’s growing efforts toward delivering an enhanced gaming experience to the players.
Moreover, Alphabet added six titles, such as
TRANSFORMERS: BATTLEGROUNDS, Wreckfest, Destroy All Humans, The Falconeer: Warrior Edition
and
Foreclosed
to Stadia Pro service last month.
Further, GOOGL introduced a free-to-play game called
Nine to Five
, which does not require a Pro subscription.
Additionally, Stadia will be reportedly introduced to Samsung’s selected smart TV lineups for 2022. The TVs will support apps for Stadia as part of Samsung’s Gaming Hub.
Stadia recently also became playable on LG’s WebOS smart TVs. This is another positive.
Cloud Gaming Space Holds Promise
We believe, all the abovementioned endeavors are likely to aid the Google unit in capitalizing on the immense prospects present in the booming cloud gaming market.
Per an Allied Market Research report, the global cloud gaming market is expected to hit $21.9 billion by 2030, witnessing a CAGR of 57.2% between 2021 and 2030.
Given this upbeat scenario, not only Alphabet but also other companies like
NVIDIA
NVDA
,
Microsoft
MSFT
and
Amazon
AMZN
are making concerted efforts to gain a strong footprint in this promising market.
Recently, NVIDIA announced its next-generation cloud gaming platform — delivering GeForce RTX 3080-class gaming on GeForce NOW. Further, the addition of Electronic Arts’ hit games like
Battlefield 1 Revolution, Mirror’s Edge Catalyst, Unravel Two, Dragon Age: Inquisition
and
Apex Legends
to NVDA’s GeForce NOW, remains noteworthy.
Like Google Stadia, NVIDIA GeForce NOW will also be introduced to Samsung’s selected 2022 smart TV lineups.
Another tech giant Microsoft is gaining from combining Project xCloud and Xbox Game Pass. Its decision to extending its cloud gaming to Xbox Series X and Series S along with Xbox One consoles remains a major positive.
This extension is likely to drive Microsoft’s momentum among the gamers as they are able to play multiplayer games with just an invite and access Gen 9-only Xbox games like
Microsoft Flight Simulator
and
The Medium
on Xbox One.
Amazon continues to gather steam from its well-performing cloud gaming service called Luna. AMZN recently announced addition of game titles, namely
Devil May Cry 5, Yakuza: Like a Dragon, Adventure Time: Pirates of the Enchiridion, Chorus
and
Riders Republic
.
The company added more titles, such as
Judgment, Myst
and
Rainbow Six: Extraction
.
Nevertheless, Google division’s notable cloud gaming efforts are expected to continue aiding its competitive edge against the abovementioned companies.
Currently, Google’s parent Alphabet carries a Zacks Rank #3 (Hold). You can see
the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here
.
Zacks Top 10 Stocks for 2022
In addition to the investment ideas discussed above, would you like to know about our 10 top picks for the entirety of 2022?
From inception in 2012 through November, the
Zacks Top 10 Stocks
gained an impressive +962.5% versus the S&P 500’s +329.4%. Now our Director of Research is combing through 4,000 companies covered by the Zacks Rank to handpick the best 10 tickers to buy and hold. Don’t miss your chance to get in on these stocks when they’re released on January 3.
Be First To New Top 10 Stocks >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.
Click to get this free report