The gaming industry is growing, gaming events are benefiting

The gaming industry is growing and gaining popularity every year. Mobile games are the most important segment of the gaming industry, mainly due to their availability. According to research by Newzoo, mobile games will generate $92.6 billion in revenue for businesses, but this represents a year-over-year increase of just under 1%.

Games for consoles such as PlayStation, Xbox or Nintendo follow at a distance, with estimated annual revenues at the level of 56.1 billion USD. However, their year-on-year increase is significantly higher – 7.4%. Ubisoft is perfect this year. This is due to the delayed release of some big-budget titles like Hogwarts Legacy, The Legend of Zelda: Tears of the Kingdom, as well as upcoming titles like Starfield and Spider-Man 2.

Computer games followed with $37.1 billion, up 1.6%. In last place is computer games in the Internet browser with 1.9 billion USD. However, they are losing importance, which is confirmed by the year-on-year decrease of 16.9%.

According to Statista, the gaming market is expected to reach $385 billion in revenue in 2023 and grow at an average annual rate of 7.89% by 2027. This year, the value of the gaming industry should rise to 522 billion USD, which makes it a popular industry among investors as well. The popularity and potential of the industry and therefore of gaming events also help to increase new technologies such as virtual and augmented reality, respectively. the metaverse.

The biggest gaming events

So, which events should you look out for in the gaming industry? Below are the top 10 gaming companies by market capitalization. The ranking is dominated by Microsoft, which, however, cannot be classified explicitly among gaming stocks, because it generates only a fraction of its income from this industry. The technological giant owns the Xbox game console, several smaller studios and game titles such as Halo, Gears of War or Age of Empires. But Microsoft is trying to break into the game industry more and more, which is confirmed by the unfinished acquisition of the most valuable studio, Activision Blizzard. It is the most expensive acquisition in the history of the industry.

The situation is similar for the Chinese technology giant Tencent, which last year doubled its investment in the European game publisher Ubisoft. The top three is rounded off by the Japanese company Sony, which owns the popular PlayStation console. It is also trying to become more successful in the lucrative industry, and for this purpose it bought the Bungie studio last year for 3.6 billion USD.

Activision Blizzard, the Chinese company NetEase, Nintendo, Electronic Arts, Singapore’s Sea, Take Two Interactive and Roblox round out the top ten. But let’s take a look at the 3 best game promotions.

Activision Blizzard

Activison Blizzard is an American company that, with its market capitalization of $71 billion, is the most valuable gaming company in the world. It was formed in 2008 by the merger of publishers Activison and PC Blizzard, while in 2016 it joined the game studio King focused on the development of mobile games. Its most famous titles include games such as Call of Duty, World of Warcraft, Diablo, Overwatch and Candy Crush. With these games, Activison Blizzard reaches more than 400 million users every year.

Activison benefits from a strong portfolio of popular game franchises that it produces for both consoles and mobile devices. Between 2015 and 2022, the business increased its revenue by 61.6% from $4.7 billion to $7.5 billion and profit by 71.6% from $880 million to $1.5 billion.

Take-Two Interactive

Take-Two Interactive Software is not as well-known as Activison Blizzard, but its 2 game studios Rockstar Games and 2K are certainly well known to individual gamers. Among its most famous games are GTA, Red Dead Redemption, NBA 2K, Borderlands, Mafia and Civilization. Akcie Take-Two is looking to emulate the success of Activison and its acquisition of mobile game studio King. That’s why it completed the purchase of game development studio Zynga for $12.7 billion last year.

Take-Two’s revenue growth is even more impressive than Activison’s. Between fiscal years 2015 and 2023, its annual sales increased fivefold. They were again driven by mobile games, which generated 57% of total revenue. Until 2021, the company managed to regularly improve its management, but in 2023 a sharp loss came. It is connected precisely with the aforementioned acquisition of the Zynga studio.

Roblox

We’ve ranked Roblox in our top 3 gaming promotions, but it’s not much like Activison Blizzard and Take-Two Interactive. Roblox is a popular online platform and game creation system that allows users to design, create and play games created by other users. It was launched on the market in 2006 and since then it has gained enormous popularity, especially among the younger audience. Almost half of its user base is under the age of 13.

The company recently shared with investors its new direction, which looks at the future of the metaverse. This is a logical step since Roblox presents a virtual world with its own items and virtual currency Robux. Overall, Roblox offers a unique combination of game creation, social interaction, and entertainment, making it a significant and influential player in the world of online gaming.

Roblox has experienced a meteoric rise in revenue in recent years. Between 2018 and 2023, they rose by 585% from 325 million to 2.23 billion USD. During this time, the number of users of the platform also increased significantly from 15 to 66.5 million. However, the number of users fell slightly over the last quarter, causing the stock to drop as much as 29% in a single day.