The NPD Group has released the results of a US video game industry report for Q1 2022, showing declines across the board, but the downturn was always expected given the impact of the pandemic.
Spending on video games increased during the height of the pandemic, so results in 2022 were always going to look weak by comparison. For Q1 2022, total spending across hardware, content, and accessories was $13.9 billion, down 8% compared to Q2 2021. Accessories fell by the biggest percentage, dipping 16%, with hardware spending falling 15%, and games spending dropping by 7%.