Q1 Video Games Spending Fell 8% but Still Exceeded Pre-Pandemic Levels
U.S. consumers spent $13.9 billion on video gaming in the first quarter, down 8% from Q1 a year earlier, reported NPD Wednesday. Content and hardware spending decreased across all platforms, though mobile games bore the brunt of the decline, said…
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NPD. Overall content spending in Q1 reached $12.13 billion, a 7% decrease from Q1 2021, it said, noting subscription content was the only segment to post “positive gains.” Hardware spending declined 15% and accessories16%, it said. Despite the year-over-year Q1 declines, industry spending and engagement remained significantly higher than pre-COVID-19 pandemic levels, said NPD. Continued supply constraints on new console hardware helped stymie growth in the quarter, it said.