The mobile gaming industry saw a huge surge in profits during the pandemic because of the fact that this is the sort of thing that could potentially end up trapping people at home with nothing to do. That obviously led to them turning to mobile games a lot more often, and this resulted in a period of sustained growth in mobile gaming revenues over the past two years with many predicting that this growth would continue well into the post-pandemic era.
With all of that having been said and now out of the way, it is important to note that a recent report from Sensor Tower has revealed that mobile gaming revenues have actually decreased year on year. Total revenues in the first quarter of 2022 came up to around $21.2 billion, which represents a 6% decline from the same quarter in the previous year.
The US mobile gaming market fell short of the $10 billion revenue mark last quarter, seeing a 10% decline in consumer spending although this did not change its status as the single biggest market in which consumer spending on mobile games tends to occur. In spite of the fact that this is the case, widespread inflation and economic turmoil in the US is clearly having an impact on the wider economy, and mobile gaming revenues are falling due to this very reason.
The biggest decline seen in the previous quarter was the in the Japanese mobile gaming market with all things having been considered and taken into account. This market saw consumer spending decrease by a massive 18%, dipping to $4.2 billion. That suggests that this downward trajectory might be a global phenomenon instead of being something that is uniquely attributed to the US.
This decrease in revenue has hit the Google Play Store the hardest, since consumer spending on that store decreased by as much as 22% last quarter. All segments of the industry will be holding their breath for the figures from the next quarter because they might indicate if this decrease will continue or if the market would start to stabilize.
Read next: Pew Gauges Parents’ Reactions Towards Children Using Technology In 2020 Versus 2021
With all of that having been said and now out of the way, it is important to note that a recent report from Sensor Tower has revealed that mobile gaming revenues have actually decreased year on year. Total revenues in the first quarter of 2022 came up to around $21.2 billion, which represents a 6% decline from the same quarter in the previous year.
The US mobile gaming market fell short of the $10 billion revenue mark last quarter, seeing a 10% decline in consumer spending although this did not change its status as the single biggest market in which consumer spending on mobile games tends to occur. In spite of the fact that this is the case, widespread inflation and economic turmoil in the US is clearly having an impact on the wider economy, and mobile gaming revenues are falling due to this very reason.
The biggest decline seen in the previous quarter was the in the Japanese mobile gaming market with all things having been considered and taken into account. This market saw consumer spending decrease by a massive 18%, dipping to $4.2 billion. That suggests that this downward trajectory might be a global phenomenon instead of being something that is uniquely attributed to the US.
This decrease in revenue has hit the Google Play Store the hardest, since consumer spending on that store decreased by as much as 22% last quarter. All segments of the industry will be holding their breath for the figures from the next quarter because they might indicate if this decrease will continue or if the market would start to stabilize.
Read next: Pew Gauges Parents’ Reactions Towards Children Using Technology In 2020 Versus 2021
