Global games market tops $201.6 billion amid industry cuts

Analytics firm Newzoo puts global games revenue at $201.6 billion, a 9.1% year-on-year rise and the first time the industry has topped $200 billion worldwide.

Mobile accounted for the largest share, about $113.3 billion, up 10.7%. Console revenue reached $44.7 billion, a 2.8% increase, while PC posted the biggest percentage gain at 12%, with $43.6 billion. Spending on base games, microtransactions and gaming subscriptions also grew.

Those figures sit alongside a wave of closures and redundancies across the sector, including Microsoft’s 15,000 layoffs and reported Xbox closures, mentions of South of Midnight and Compulsion Games, and redundancies at ZeniMax, as well as other alleged firings and shutdowns.

Estimates point to an even more lucrative market in the years ahead, but whether rising revenues will translate into better outcomes for developers remains unclear.

newzoo, games revenue, mobile gaming, console gaming, pc gaming, microtransactions, gaming subscriptions, microsoft layoffs, xbox closures, zenimax