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[Thick Thighs Save Lives]

Electronic Arts president of EA Entertainment Laura Miele shares eye-opening figures for the games industry while discussing growth vectors for gaming.

The video games industry is bigger than most people realize, commanding revenues of several hundred billion dollars.

Every quarter, video games publishers make one thing very clear: Gaming is by far the largest entertainment medium on the planet. But how big is gaming really? Concrete figures are hard to come by, and the total sum of yearly earnings can vary depending on which analyst firm is reporting figures. That being said, executive-level management at the top gaming publishers have the most up-to-date information available.

"There's 3.5 billion gamers in the world so they are certainly noticing what we're creating, and it's close to a $350 billion dollar industry, so it's significant. It certainly outsizes some of the media, movie and TV content for sure," Miele said in a recent interview with Bloomberg Technology.

This number is larger than even the highest forecasts that I have seen. Back in July 2022, Pricewaterhouse Coopers published its gaming forecast model that predicted industry revenues would break $250 billion in 2023. This is on the highest end of analyst predictions.

Gaming nears $350 billion annual revenues, EA exec says

Electronic Arts president of EA Entertainment Laura Miele shares eye-opening figures for the games industry while discussing growth vectors for gaming.

www.tweaktown.com

 

[RoboFu]

That probably includes every gotcha mobile game.

 

[Topher]

Hmmm, newzoo says that's a bit of an overstatement....

Newzoo says console outpaces PC gaming by $20-ish billion while PwC says PC gaming is $11-ish billion larger than console. Overall, newzoo says PC and console make up $85 billion while PwC says the number is $73 billion.

Big question is what makes up that $242 billion that is "social/casual gaming".

 

[winjer]

What is most concerning is that half of that money, is from micro-transactions and loot boxes.
We are creating a generation addicted to online gambling. And this will have social implications in the future.

 

[kyubajin]

49% percent in mobile/mtx/gacha... what a sad future awaits us.

 

[Hudo]

YEAH AND NO MONEY FOR A C&C TIBERIAN SUN AND/OR C&C RED ALERT 2 REMASTER, YOU FUCKERS.

And yet you had the money to bankroll shit like Immortals of Aveum.

 

[mitch1971]

and yet, let's sack even more employees because we can't afford them.

 

[ProtoByte]

She didn't say revenue, she just pegged a number. I think she's talking about the value of the industry as a whole.

Because last year, gaming revenue topped out at 180-190 billion. Practically doubling in this year of all years sounds dubious to me.