ASX tech shares are creating a lot of growth. I think they could be worth owning for the long-term.
Businesses that are growing, which have solid profit margin improvement potential, can be good options.
I think these two ASX tech shares could be worth a shot:
Redbubble Ltd (ASX: RBL)
Redbubble is a leading e-commerce company. It sells through two websites – Redbubble.com and TeePublic.com.
But it’s not just any old online retailer. It sells products with cool artist designs on them. Redbubble sells things like stationery, clothing, phone cases and so on.
Redbubble thinks that there is a very large market opportunity, which is why it’s planning to aggressively invest to capture that potential.
Winning new users and artists is a key focus for the business, as well as retaining them.
I think that the ASX tech share has a very scalable business model, which can really accelerate as it gets bigger. The company has outlined its goal of reaching $1.25 billion of annual marketplace revenue. Which is just one stage of growth. There could be more to come later this decade.
I think Redbubble has a long-term future with the ability to win new customers, expand geographically and enter new product categories.
VanEck Video Gaming and Esports ETF (ASX: ESPO)
This is one of my favourite exchange-traded funds (ETFs). I think it offers both defensive earnings and growth potential.
Gamers are going to keep gaming and e-sports audiences are probably going to keep watching, regardless of what global GDP does in any particular year.
I think businesses like Bandai Namco, Nintendo, Activision Blizzard and Take Two Interactive all have promising futures, with good profit margins.
Ongoing double digit revenue growth is helping increase the value of the industry.
I think that video games will continue to change and improve with the technology developments, particularly with augmented reality and virtual reality.
This ASX share is a nice, diversified way to get exposure to a solidly performing sector.
