Monthly Game Industry Report: February - March 2023

Key insights

6 takeaways

01
Ampere Analysis reports the 2022 global console gaming market declined 7.8% to $56.2 billion from $60.9 billion in 2021. Sony held a 45% share of the total.See it on page 22
02
According to Ampere Analysis, PlayStation 5 outsold Microsoft's Xbox X and S series by almost 11.5 million units in 2022.See it on page 22
03
Endnight Games announced that Sons of the Forest sold 2 million copies in its first 24 hours of early access.See it on page 7
04
Santa Monica Studio announced that God of War Ragnarok surpassed 11 million copies sold, and the game holds a 94% Metacritic rating.See it on page 9
05
Telltale raised $8 million in a Series A round led by Hiro Capital, with funds going to The Expanse: A Telltale Series and The Wolf Among Us 2.See it on page 13
06
Roblox's full-year 2022 results show revenue increased, while its net loss for 2022 was almost $1 billion.See it on page 25

Summary

The document is a monthly mobile game industry report covering February and March 2023, compiling games and apps news, investments, market research, and financial reports from across the video game sector.

On the games side, Techland reports that Dying Light reached 30 million sales, Endnight Games says Sons of the Forest sold 2 million copies in its first 24 hours of early access, and Santa Monica Studio reports God of War Ragnarok passed 11 million copies sold. Assassin's Creed Valhalla's DLC composer, Stephanie Economou, won the inaugural Grammy for Best Score Soundtrack for Video Games.

In investment news, Telltale raised $8 million in a Series A round, Nexus secured $10 million for live-service games, and Nefta closed a $5 million seed round. Saudi Arabia's Public Investment Fund raised its Nintendo stake from 6.07% to 7.08%.

Financial and market data from Ampere Analysis show the 2022 global console market declined 7.8% to $56.2 billion, with Sony holding a 45% share. The same analysis reports PS5 outsold Xbox X/S by almost 11.5 million units. Roblox reported a net loss of almost $1 billion for 2022.