Gaming 50 Years of Video Game Industry Revenues by Platform

[The Helper]

Video killed the radio star, and the video game industry’s explosive growth over the last five decades has killed any skepticism of its strength and staying power in the larger media and entertainment space.

We visualize the video game industry’s inflation-adjusted revenues every year, from its humble beginnings in 1970 to the media juggernaut it is now, worth more than $180 billion of revenue in 2022. All data presented in the chart and in this article was provided by UK-based market intelligence firm Pelham Smithers.

From an industry that was nearly wiped out by a market crash, to the highest-earning media sector today, video games have had a tumultuous journey.

As medium has evolved, so too have the consumer preferences for different gaming platforms. Which formats led the overall industry’s revenue growth through the years?

50 Years of Video Game Industry Revenues, by Platform

As technology has evolved, so too has the video game industry, consumer preferences, and drivers of growth. We do a deep dive.

www.visualcapitalist.com