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    Quick Hits

    Game Developers Report

    By
    Nov 05, 2020 | 07:50 pm
    UPDATED Nov 05, 2020 | 08:16 pm
    FIFA 21
    EA Sports

    Video game giants Take-Two Interactive and Electronic Arts both reported a decrease in revenue in their latest quarters yesterday. 

    Take-Two’s digital sales climbed 16%, which drove a 38% jump in profit, despite an overall drop in revenue. Electronic Arts reported a 15% decrease in revenue, but net bookings for the past 12 months were up 8% to $5.577 billion.

    A recent revenue estimate projects the video game industry will finish the year up 20% to $174.9 billion, in part because of the pandemic boosting gaming. 

    2020 Video Game Forecast by Sector:

    Mobile — $86.3 billion

    Console — $51.2 billion

    PC — $37.4 billion

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