Prime Allied Limited - Nintendo and Roblox News Boosts Video Game Stocks

CENTRAL, Hong Kong - Nov. 17, 2023 - PRLog -- Nintendo shares in Tokyo rose 6.1%, the most in a single day since December 2020, after the company announced plans for a big-screen rendition of its best-selling Legend of Zelda brand.

The firm is hoping to replicate the success it experienced with the "Super Mario Bros. "The LEGO Movie," which grossed approximately $1.4 billion, making it the second-highest-grossing animated film of all time.

The Mario movie and the latest chapter in Nintendo's legendary franchise, "The Legend of Zelda: Tears of the Kingdom," have increased both game and console sales this year, prompting the firm to lift its full-year sales and profit forecast on Tuesday.

Roblox (RBLX) shares rose 17% in early Wednesday trade after the company announced a 20% rise in bookings and a roughly 70% increase in net cash from operational operations.

Michael Guthrie, Chief Financial Officer, stated that the firm was "now entering a new phase" of reduced operational expenditure growth and rising free cash flow.

Take-Two Interactive (TTWO) shares rose more than 7% as speculations circulated that the much-anticipated sixth iteration of its popular Grand Theft Auto franchise will be announced soon. Take-Two discloses results after the market closes on Wednesday.

Prime Allied Limited (https://prime-allied.com) provides asset management and financial consulting. Prime Allied Limited works with you to create a financial strategy that allows you to actively build, conserve, and diversify your assets.