2024-01-10 06:52:19
Published on Jan 10, 2024 at 7:45 a.m.Updated Jan 10, 2024 at 7:52
It’s a form of mobile video game stock market thermometer. And the least we can say is that the temperature has more than cooled down in three years. Since its peak in February 2021, the Stillfront group, which has acquired around fifteen game development studios for smartphones and tablets in recent years, has seen its market capitalization fall by almost 90%, to just over 500 million euros. euros.
Quite a symbol of the difficulties encountered by mobile gaming, which has long been the engine of growth for the entire video game sector, before starting to seize up in the middle of 2021 and going into reverse in 2022. During this financial year, the market fell 6.4% year-on-year, according to Newzoo, before falling once more by 1.6% since the start of 2023, to $90.4 billion – a still colossal level representing 49%. of the entire industry.
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