Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  GlobalData Plc    DATA   GB00B87ZTG26

GLOBALDATA PLC

(DATA)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryAll NewsPress ReleasesOfficial PublicationsSector news

GlobalData : Epic Games' $1.8bn funding round will help it expand beyond the gaming sector, says GlobalData

share with twitter share with LinkedIn share with facebook
08/07/2020 | 06:09pm EDT
07 Aug 2020
Epic Games' $1.8bn funding round will help it expand beyond the gaming sector, says GlobalData
Posted in Insurance, Press Release, Technology

Following the announcement that that Epic Games has raised funding of $1.78bn, taking its valuation to $17.3bn;

Rupantar Guha, Associate project manager for Thematic Research at GlobalData, a leading data and analytics company, offers his view:

'While Epic Games' strong position is largely due to its role in developing the massively popular Fortnite, its success is attributable to the pure power of its gaming platform - indeed on which Fortnite is built - Unreal Engine. This platform demonstrates the company's capabilities in computer graphics, 3D technologies, cross-platform offerings, augmented reality (AR) and virtual reality (VR), and its power and flexibility are garnering the company's success and will allow it to reach beyond the gaming sector to film-making, architecture and medical systems.

'It is expected that the company will use this latest funding round to expand the Unreal platform, as well as give the Epic Gamestore and support customer retention strategies a boost. The influx of cash will help Epic cement its leadership position in themes such as game development, esports, social media, ecommerce and mobile gaming. It currently ranks second in GlobalData's gaming software thematic sector scorecard, preceded only by Tencent (which itself owns 40% stake in Epic Games), and ahead of Valve and Microsoft. Epic is also likely to use the money to develop new monetization strategies for its free offerings, including games and the Unreal Engine platform.

'Furthermore, the company should use its relationship with Sony, which owns a 1.4% stake in Epic, to expand the use of the Unreal Engine among content developers, both in the gaming and film sectors.

'The Unreal Engine's strong AR and VR capabilities will also help Epic expand its operations in industries such as medical and automotive, which are increasingly experimenting with both AR and VR. The company holds a score of four out of five in the AR and VR theme in the gaming software sector scorecard, which indicates that it is well positioned to benefit from the growing demand from enterprises for immersive content.'

If you would like to find out more, send your questions to Rebecca Panks, PR Executive at GlobalData (pr@globaldata)

Disclaimer

GlobalData plc published this content on 07 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 August 2020 22:08:07 UTC

share with twitter share with LinkedIn share with facebook
All news about GLOBALDATA PLC
04:10aGLOBALDATA : Deal activity in global oil and gas industry largely driven by them..
PU
04:05aGLOBALDATA : TachoSil acquisition gives Corza Health significant foothold in tis..
PU
09/21GLOBALDATA : Microsoft's acquisition of Zenimax is another step towards its domi..
PU
09/21GLOBALDATA : US, China and India to be major markets for power transmission and ..
PU
09/21GLOBALDATA : Urban Cruiser launch by Toyota set to heat up competition in sub-co..
PU
09/21GLOBALDATA : Poland will prove Iliad's most challenging acquisition market to da..
PU
09/21GLOBALDATA : Filter cigarettes set for global sales of US$561bn in 2020, a loss ..
PU
09/18GLOBALDATA : Deteriorating financial situation due to COVID-19 leads to producti..
PU
09/18DR REDDY LABORATORIES : An overview of Indian COVID-19 vaccine supply and develo..
AQ
09/18GLOBALDATA : Global gold output to contract by 1.7% in 2020 due to COVID-19, say..
PU
More news
Financials
Sales 2020 180 M 230 M 230 M
Net income 2020 23,0 M 29,5 M 29,5 M
Net Debt 2020 41,0 M 52,6 M 52,6 M
P/E ratio 2020 80,6x
Yield 2020 1,12%
Capitalization 1 711 M 2 188 M 2 193 M
EV / Sales 2020 9,75x
EV / Sales 2021 9,00x
Nbr of Employees 3 355
Free-Float 26,4%
Chart GLOBALDATA PLC
Duration : Period :
GlobalData Plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends GLOBALDATA PLC
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 3
Average target price 1 418,50 GBX
Last Close Price 1 450,00 GBX
Spread / Highest target 12,9%
Spread / Average Target -2,17%
Spread / Lowest Target -17,2%
EPS Revisions
Managers
NameTitle
Michael Thomas Danson Chief Executive Officer & Director
Bernard Anthony Cragg Chairman
Graham Charles Lilley Chief Financial Officer, Secretary & Director
Peter Martin Harkness Independent Non-Executive Director
Murray Legg Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
GLOBALDATA PLC12.40%2 188
S&P GLOBAL INC.28.51%84 541
RELX PLC-10.15%42 301
THOMSON REUTERS CORPORATION10.18%38 189
WOLTERS KLUWER11.23%22 424
EQUIFAX INC.10.69%18 838