• Loading stock data...
Tuesday, October 21, 2025

Gaming Industry Fails to Level Up to Start Fiscal Year

  • U.S. consumers spent $12.4 billion on games in Q2 2022, a 13% dip year-over-year.
  • Microsoft saw gaming revenue fall by $259 million in fiscal Q4 2022.
FOS, rights-free image

The video game industry took a step back in the first half of this financial year following a surge of interest and spending at the height of the pandemic. 

Lackluster earnings by some of the largest companies in tech come in the context of issues plaguing the industry, including the ongoing semiconductor shortage. The tech industry has also been hampered by supply chain disruptions and the return of outdoor recreational activity.

  • U.S. consumers spent $12.4 billion on games in Q2 2022, a 13% dip year-over-year.
  • Microsoft saw gaming revenue fall by $259 million in fiscal Q4 2022.
  • Sony’s Game & Network Services segment reported a 2% decline in sales in fiscal Q1. 

Mobile games, which have benefited from their availability, also took a hit in the first half of 2022. The mobile game market reached $11.4 billion in H1 FY2022, a 9.6% drop year-over-year.

Still Drawing Interest

Mobile games have still piqued the interest of some of the largest companies in private equity, social media, and tech. 

Earlier this year, Meta invested $40 million in Tokyo-based mobile gaming company Playco, while social media giant TikTok has begun pilot testing games for its app in collaboration with some of the most innovative developers in mobile gaming.

Last month, private equity firm Joffre Capital announced plans to raise capital to fund a potential bid to acquire full control of digital entertainment and mobile gaming company Playtika — which has a market value of $5.3 billion, according to Bloomberg.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Ballers in Philadelphia
exclusive

Backer of SlamBall, Ballers Armed With $150M for New Fund

The fund will offer sports and entertainment companies deals that don’t involve equity.

Massachusetts Sues Kalshi to Block Sports Prediction Markets

A lawsuit claims the company’s offerings are indistinguishable from traditional sports bets.
Sep 8, 2025; Chicago, Illinois, USA; Chicago Bears quarterback Caleb Williams (18) rushes the ball past Minnesota Vikings safety Theo Jackson (26) during the second half at Soldier Field.
exclusive

Americans See Little Difference Between Prediction Markets and Betting

A survey found 85% of respondents believe sports event contracts are gambling.
Sep 4, 2025; Philadelphia, Pennsylvania, USA; Philadelphia Eagles cornerback Adoree' Jackson (8) tackles Dallas Cowboys wide receiver CeeDee Lamb (88) during the third quarter of the game at Lincoln Financial Field.

Kalshi’s $27M NFL Opener Runs Into Tribal Challenge

California Tribes want Kalshi forced to implement geofencing.

Featured Today

Christie's

Lou Gehrig’s $4M Jersey and the Exploding Sports Memorabilia Market

An ultra-rare sports collection is about to hit the auction block.
@chef__tezz/Instagram
October 19, 2025

Inside the NFL’s Private Chef Network

Private chefs are the unsung architects of player performance.
October 18, 2025

How Vanderbilt Went From SEC Doormat to Dark Horse CFP Candidate

After beating LSU, Clark Lea said: “Internally, we expect to win.”
May 27, 2025; Indianapolis, Indiana, USA; Indiana Pacers guard T.J. McConnell (9) shoots a three point basket over New York Knicks guard Josh Hart (3) during the third quarter of game four of the eastern conference finals for the 2025 NBA Playoffs at Gainbridge Fieldhouse
October 18, 2025

NBA Stars Swap Wine With League Friends and Foes

A wine-exchange tradition emerged from the bubble season’s close quarters.

Thunder Favored, but Bettors Backing Pacers Big in NBA Finals

The most bet-on exact series outcome is the Thunder winning in five.
Fanduel
March 4, 2025

FanDuel Retains Sports Betting Crown With $14B in 2024 Revenue

The FanDuel parent company posts big increases in revenue and net income.
May 8, 2025

FanDuel Misses Projections As Betting Favorites Dominate 

FanDuel is hit by customer-friendly betting outcomes during March Madness.
Sponsored

Michelle Wie West: Women’s Sports Doesn’t Need Charity

The LPGA legend on redefining women’s sports and the future of golf.
February 20, 2025

Americans Bet $148 Billion on Sports in 2024, Up 23.6%

Both overall handle and revenue rose by more than 20% last year.
DraftKings app
February 14, 2025

Lawsuit Says DraftKings VIP Program ‘Preyed On’ Gambling Addicts

The company’s being sued for negligence and intentional infliction of emotional distress.
August 20, 2024

Beloved ‘Backyard Sports’ Brand Says It Will Relaunch After Decade Hiatus

“Backyard Baseball” was a turn-of-the-century computer hit. 
DraftKings
August 2, 2024

DraftKings Announces Consumer Tax Starting Next Year

The company’s stock fell 5% Friday morning.