Dataspelsbranschen: The Swedish Gaming Industry in 2024

The local gaming industry is feeling fine despite the crisis elsewhere.

The company publishes its reports at the end of the year, covering the full data from the previous year. Thus, this year’s report contains data for the completed 2023 year.

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• By the end of 2023, 1010 gaming companies were operating in Sweden - 8% more than in 2022. And almost twice as many as in 2019.

• 81% of Swedish companies have fewer than 5 employees. Only 3% of studios have more than 50 employees.

• Sales of local companies in 2023 grew by 6% in local currency; 1.5% in USD; but fell by 1.5% in EUR. Their total revenue amounted to €3.11 billion.

• The net income of Swedish gaming companies decreased to €98 million.

• Swedish companies, and their foreign subsidiaries, earned around €7.95 billion in 2023. This is 4.5% more than in 2022.

• The revenue of 23 public Swedish companies amounted to €5.6 billion in 2023.

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MY.GAMES (that’s where I’m working!) opened a mobile publishing division with a focus on scaling titles. We’re already working with Fable Town ($300k revenue first month after the release); Battle Prime (4x Revenue growth); Days After (30% increase in active users after the deal). And we have more exciting titles in our pipeline.

So, feel free to write directly to me or send a message to publishing@mgvc.com if you have a mobile game that you want to get to a new level. We’re working with stages starting from the soft launch, and prefer titles with a significant chunk of IAP revenue. Cheers!

• King, Mojang, and Paradox Interactive are the country’s largest companies by revenue. The largest amount of employees has Ubisoft, King, and EA DICE. Financial results are for 2023, so Arrowhead Studios is not on the list.

• The largest Swedish companies with foreign subsidiaries are Embracer Group, King and Stillfront Group.

• Game of the Year according to local industry representatives is Helldivers II.

• The number of women in the Swedish gaming industry increased to 23.7%. 9,089 people work in the country - 8% more than in 2022.

• In 2023, there were 7 investment deals in the Swedish gaming industry. However, for the first half of 2024, 16 transactions have already been publicly announced. If we consider all deals, Swedish companies were sellers in 12 cases and buyers in 11 cases.

• Swedish gaming companies paid over €470 million in taxes for the 2023 fiscal year.

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