"2023 Gaming Report: Older Titles Dominate Playtime Despite Slower Growth"
Research firm Newzoo predicts that personal computing and console gaming revenue growth will remain below pre-pandemic levels through 2026, with a projected 2.7% growth rate compared to the 7.2% growth rate from 2015 to 2021. Gamers are playing fewer hours, with average quarterly playtime dropping 26% from 2021 to 2023, and this trend is expected to continue due to weaker gaming release schedules. Industry giants like Sony, Tencent Holdings' Riot Games, and Electronic Arts have laid off employees and scaled back operations, while gaming industry consolidation is on the rise, with fewer publishers and a small group of games capturing a large share of player engagement.
- PC, console growth to lag pre-pandemic levels as gamers clock in fewer hours, report says Reuters
- Just 66 titles saw 80 percent of all playtime in 2023, most older games like Fortnite or GTA 5 Rock Paper Shotgun
- 2023 Data Shows Most People Are Playing Older Games Kotaku
- Newzoo: PC and console gaming grew by 3% in 2023 GamesIndustry.biz
- Older games like Fortnite account for over 60% of playtime, new report suggests Eurogamer.net
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