The Global Video Game Market Could Soon Approach $500 Billion, New Report Says [Yahoo! Finance]
Take-Two Interactive Software, Inc. (TTWO)
Last take-two interactive software, inc. earnings: 2/6 04:05 pm
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Source: Yahoo! Finance
The firm Brainy Insights says it could reach $490 billion by 2033, up from under $250 billion last year. Major game companies have lately made sizable layoffs and closed studios. The video game market will more than double from 2023 to 2033 as technological advancement drives growth, according to a new analysis. The global video game market was valued at $227.6 billion last year and is projected to grow to $490.81 billion by 2033, according to the research firm Brainy Insights. The firm pointed to an explosion in mobile gaming, which made up 52% of the market in 2022, as a driver of growth. The mobile segment is the most affordable entry point for consumers, and the advancement of smartphone technology has allowed for a wider variety of games to be run on mobile platforms. Costs for Developers The biggest impediment for the video game market is the high costs related to developing both new tech and new games, particularly as companies in the industry are making major cuts
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News
- Are Investors Undervaluing Take-Two Interactive Software, Inc. (NASDAQ:TTWO) By 24%? [Yahoo! Finance]Yahoo! Finance
- The Most Infamous Mobile Game Of All Time Has Returned After 10 Years As ‘Flappy Bird' Spreads Its Wings Once Again [Forbes]Forbes
- Microsoft Reportedly Slashing 650 Jobs in Latest Round of Xbox Cuts [Yahoo! Finance]Yahoo! Finance
- Take-Two Interactive to Host Webcast of 2024 Annual Meeting of StockholdersBusiness Wire
- Ball Over Everything: NBA® 2K25 Launches WorldwideBusiness Wire
TTWO
Earnings
- 8/8/24 - Miss
TTWO
Sec Filings
- 9/16/24 - Form 8-K
- 9/5/24 - Form 4
- 9/5/24 - Form 4
- TTWO's page on the SEC website