Analytics: In the first quarter of 2025, the net IAP revenue of the mobile gaming market reached $15.7 billion

Anton Slashchev, director of the Playhero studio, prepared a report on the mobile gaming market for January-March 2025 based on AppMagic data. Below are the key figures.

Report on the mobile gaming market for the first quarter of 2025

Where Winds Meet — left, I am Security — top right, DC: Dark Legion — bottom right

  • In the first three months of 2025, gamers spent $15.7 billion on microtransactions (IAP), a 7% increase. Commissions and taxes have already been deducted from this amount.
  • Quarterly game downloads reached 14 billion, a 7.6% growth.
  • IAP revenue grew the most in block puzzles, increasing by 417% to $40.8 million. Sandboxes saw the largest decline, dropping 61.4% to $284.5 million.
  • The top-grossing publisher remained Tencent, with revenue at $2.7 billion, a 5.3% increase. Azur led in downloads with 342 million, a 10.5% rise.
  • A total of 12,821 new games were released on the App Store and Google Play this quarter. Their combined IAP revenue was $288 million, and total downloads amounted to 555 million.
  • Only 3.4% of new releases reached 100,000 downloads monthly.
  • Slashchev highlighted significant releases such as Where Winds Meet, I am Security, Screwdom, DC: Dark Legion, and Kingshot.

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Anton Slashchev
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