Video game spending is slowing down. The gaming industry is facing quite the challenge as metaverse hype and pandemic-led demand has ended for gamers—and we know inflation isn’t helping either. Consumer spending on interactive gaming content has declined and data from NPD Group shows “U.S. videogame software sales including subscriptions fell 2% in the three months through December from a year earlier.” Even spending on mobile games, “the biggest and fastest-growing segment of the industry, fell 12% last quarter compared with a year earlier,” according to data from Sensor Tower Inc. However, Activision (who owns several hit franchises including Call of Duty, World of Warcraft, and Candy Crush) and Roblox Corp. are still coming out on top. YPulse’s Gaming report data shows that 82% of young consumers have spent money on video game-related expenses. (WSJ)
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