The Gang

The Portuguese Video Games Industry Levels Up

The Portuguese video game industry is experiencing a period of robust expansion, marked by significant growth in both market consumption and industry turnover.

• Portugal's video game industry turnover grew from €5.4 million in 2018 to over €38 million in 2022, an average annual growth rate of 65.2%, while the number of companies rose from 36 to 114 and employment from 91 to more than 500.
• The Portuguese market is projected to reach roughly $258 million in 2024, with mobile games as the leading segment, and the country's gamer population has passed one million, about 10.6% of residents.
• Major acquisitions and investments have reinforced growth, including Fortis Games' 2018 investment, Funcom's 2019 acquisition of ZPX, Saber Interactive's purchase of Bigmoon Interactive, and Miniclip's expansion to 350 employees by 2022.