Global Esports Audience to ‘Soon Approach’ 500M: Nvidia CFO
Nvidia estimates the population of livestreaming gamers will soon exceed 700 million globally, while “the audience for global esports will soon approach half a billion people,” said Chief Financial Officer Colette Kress on an earnings call Wednesday for fiscal Q2…
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ended Aug. 1. Nvidia recorded $3.1 billion in gaming revenue for the quarter, up 11% sequentially from Q1 and 85% higher than in the year-earlier quarter, she said. Record revenue of $6.51 billion in Q2 was up 68% from a year earlier. Nvidia expects $6.8 billion in revenue, plus or minus 2%, for Q3 ending October, which would be a 44% increase year over year at the midpoint of the guidance. "Gaming demand is continuing to exceed supply as we expect channel inventories to remain below target levels as we exit Q3," said Kress.