The Fly

U.S. video game spending totaled $4.3B in October, says NPD

NPD analyst Mat Piscatella said that U.S. consumer spending on video game content, hardware and accessories totaled $4.3B during the month of October 2022, flat when compared to a year ago. Octover growth in digital sales and subscriptions for console and PC video game content, driven in large part by the release of Activision’s (ATVI) "Call of Duty: Modern Warfare II," was offset by declines in mobile content and hardware. Year-to-date spending has fallen 7% compared to this point in 2021, at $42.7B. Dollar sales of video game hardware fell 10% in October when compared to a year ago, to $424M. Double-digit percentage dollar sales growth for both PlayStation 5 (SONY) and Xbox Series (MSFT) consoles was offset by declines on other platforms. PlayStation 5 was the best-selling video game hardware of October in both unit and dollar sales, while Xbox Series ranked 2nd across both measures. Other companies in the video game space include Nintendo (NTDOY), Electronic Arts (EA), Take-Two (TTWO), Tencent (TCEHY), and Ubisoft (UBSFY). Reference Link

Published first on TheFly

See the top stocks recommended by analysts >>

Read More on ATVI:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More