With the pandemic starting to fade, there are concerns video game demand could slow. However, those concerns may be overblown.
In fact, according to Take-Two CEO Strauss Zelnick, the overall addressable market for gamers “will be notably larger going forward than it was pre-pandemic,” as quoted by The Wall Street Journal. That’s great news for gaming companies including Enthusiast Gaming Holdings Inc. (TSX:EGLX) (OTCQB:ENGMF), Activision Blizzard (NASDAQ:ATVI), Electronic Arts Inc. (NASDAQ:EA), Take-Two Interactive Software Inc. (NASDAQ:TTWO), and Roblox Corp. (NYSE:RBLX).
Better, a new report from the NPD Group says that video game sales are up 30% in the first quarter of the year rising to $14.92 billion. “Video game content (which includes new games, expansions, and DLC) went up by 25% to a total of 12.8 billion, while video game accessories (including microtransactions) went up 42%,” reports The Gamer.