Newzoo has revised the data for the gaming market for 2023. Its revenue turned out to be lower than forecasted

The analytics company Newzoo has finalized the results for 2023 for the global video game market. They calculated that last year the market earned $183.9 billion. This is slightly below the lowered November forecast of $184 billion, whereas analysts initially forecasted revenue of $187.7 billion.

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Nevertheless, compared to 2022, market revenue grew. However, only by 0.5%.

  • Revenue from the mobile games segment is $89.9 billion. It fell by 2.1% year-over-year. The most recent forecast was $90.4 billion.
  • Revenue from the console games segment is $52.4 billion. Growth of 0.3%. Forecast was $53.2 billion.
  • Revenue from the PC games segment is $39.6 billion. Growth of 8.4%. Forecast was $38.4 billion.
  • Revenue from the browser games segment is $1.9 billion. A drop of 16.9%. The forecast was also $1.9 billion.

Source:

Newzoo
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