Video games sales in Europe are down by 38% in July 2022
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- 16 Aug 2022
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According to a report published by the data provider GSD both physical and digital game sales were down in Europe in July 2022 by 38% year-over-year, down to 8.2 million sales in total. Per GSD’s data, EA’s F1 22 ranked first this month, followed by Rockstar’s GTA 5, and another EA title, FIFA 22.
F1 2022 topping the charts shouldn’t come as a surprise as it was released on June 28, 2022, across PC and across both old and new-gen consoles —except Nintendo devices—, but credit where credit is due, the racing game’s sales were up double-digits within first 30-days. Electronic Arts CEO Andrew Wilson believes the success of the game is due to both the sport gaining popularity among young people and the game being fun and satisfying.
Grand Theft Auto 5 continues to remain on top sales charts and it seems like only a new entry into the series will be able to dethrone it. GTA 5’s online community grew by 49% compared to the pre-pandemic era. Take-Two stated in its latest financial report that the game’s sales are still going strong, and it sold more than 170 million units in its lifetime.
EA’s other top entry, FIFA 22, is also having a fruitful summer, despite the World Cup, arguably the biggest football event, being pushed to the winter of 2023. The game’s competitive mode Ultimate Team grew nearly 40% year-over-year in this financial quarter. While the football game’s sales are impressive, it’s not even the main source of revenue for it.
FIFA games generate the most revenue from FIFA Ultimate Team, the competitive mode where players can build their own dream teams. EA sells FUT packs (FIFA’s take on loot boxes)in this competitive mode and while the firm excludes from the SEC report how much FUT generates, experts estimate that in-game purchases make up over 25% of EA’s business overall. Read More…
