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Videogame sales rise 24% in Q3 summary look

Stock Markets Nov 30, 2018 03:17PM ET
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© Reuters. Videogame sales rise 24% in Q3 summary look
 
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  • A Q3 wrap-up of videogame sales showed consumer spending in the sector rose 24% Y/Y, hitting $9.1B overall.
  • That's the July-September period before the key holiday release season, which kicked off with a bang last month via a record October spurred by new Call of Duty (ATVI -6.1%) and Red Dead Redemption 2 (TTWO -2.5%) releases.
  • Videogame content sales were up 25% to $7.9B, NPD Group says, with broad gains led by mobile games and digital content for consoles/portables.
  • Hardware sales were up 11% for the quarter, to $737M, while accessory sales rose 44% with all-time quarterly records in headsets as well as in game cards.
  • The software releases with the biggest quarterly impact on dollar sales, according to NPD Group? Alphabetically: Candy Crush Saga (NASDAQ:ATVI), Fortnite (Epic, 40% owned by OTCPK:TCEHY), Madden NFL 19 (EA -2.9%), Marvel's Spider-Man (SNE +1.9%) and NBA 2K19 (NASDAQ:TTWO).
  • Weighing on industry shares today is a dim forecast from GameStop, which projects holiday sales skewing toward hardware from software.
  • Industry tickers: MSFT +0.2%, OTCPK:NTDOY -1.6%, HEAR -5.2%, OTCPK:UBSFY +1.7%, OTC:NCBDY, OTCPK:CCOEY -5.1%, GME -6.4%.
  • ETFs: GAMR -0.7%, ESPO -0.6%
  • Now read: Don't Underestimate Activision Blizzard


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Videogame sales rise 24% in Q3 summary look
 

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