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