Global Esports Fund Monthly Report – December 2022

Strong titles drive demand for hardware, mobile is still under pressure -

November numbers in the US showed that total gaming spending was still down slightly (3%) compared to 2021. However, we saw a strong hardware performance in the month of November (45% increase from a year ago to $1.3B) mainly due to a significant increase of PlayStation 5 volume compared to a year ago.
We can also see that the best selling video game of the month was Call of Duty: Modern Warfare II followed by God of War Ragnarok.

Furthermore, God of War Ragnarök instead took the top spot on the European charts for November 2022. November figures across Europe were down 17 percent year-on-year.
The mobile gaming market continues to be under pressure in November with a decline in aggregate sales compared to the previous year. Roblox (unowned) released weak numbers for November falling 4% m/m to $224M pressured by a weak market and the strong USD. The number was well below expectations and management comments in October indicated that November should be higher than October. Daily active user was also weaker at 56.7.