Canada’s video game industry supports 34,000 full-time jobs and generates a $5.1 billion economic impact, with direct labour income reaching $3.5 billion in the 2023-24 fiscal year.
02
While the total number of firms contracted by 9% since 2021, this decline was limited to micro-studios, while studios with 51 or more employees remained stable or grew.
03
The sector achieved a $356 million operating surplus in 2023-24, reflecting a 7% profit margin.
04
Flexible work is standard in larger operations, with 83% of staff at firms with 100+ employees working hybrid schedules.
05
Nearly 50% of all Canadian studios are currently utilizing generative AI, primarily to assist with the ideation phase of development.
06
Industry growth is currently constrained by distinct challenges: small firms struggle with funding access, large studios face talent shortages, and all companies report difficulties with market discoverability.
07
Revised economic modeling for 2021 data indicates the sector's total full-time equivalent employment was 35,250, with a total GDP contribution of $5.5 billion.
Insights
01
Canada’s video game industry supports 34,000 full-time jobs and generates a $5.1 billion economic impact, with direct labour income reaching $3.5 billion in the 2023-24 fiscal year.
02
While the total number of firms contracted by 9% since 2021, this decline was limited to micro-studios, while studios with 51 or more employees remained stable or grew.
03
The sector achieved a $356 million operating surplus in 2023-24, reflecting a 7% profit margin.
04
Flexible work is standard in larger operations, with 83% of staff at firms with 100+ employees working hybrid schedules.
05
Nearly 50% of all Canadian studios are currently utilizing generative AI, primarily to assist with the ideation phase of development.
06
Industry growth is currently constrained by distinct challenges: small firms struggle with funding access, large studios face talent shortages, and all companies report difficulties with market discoverability.
07
Revised economic modeling for 2021 data indicates the sector's total full-time equivalent employment was 35,250, with a total GDP contribution of $5.5 billion.