This Best-Selling Game Outsold Modern Warfare 3 In US — Can You Guess Which One?
Portfolio Pulse from Franca Quarneti
Warner Bros. Discovery Inc's (NASDAQ:WBD) Hogwarts Legacy became the best-selling video game in the U.S. in 2023, surpassing titles from Activision and Rockstar. It led in dollar sales on PlayStation, was second on Xbox, and fifth on Nintendo platforms. Other top sellers included Electronic Arts Inc's (NASDAQ:EA) Madden NFL 24, Sony Group Corp.'s (NYSE:SONY) Marvel’s Spider-Man 2, and Nintendo ADR’s (OTC:NTDOY) The Legend of Zelda. U.S. video game spending reached $57.2 billion in 2023, a 1% increase from the previous year.
January 18, 2024 | 9:09 pm
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POSITIVE IMPACT
Electronic Arts' Madden NFL 24 is among the top-selling games in the U.S. for 2023, which may contribute positively to its revenue and stock performance.
Being one of the top-selling games, Madden NFL 24's success is likely to reflect positively on Electronic Arts' revenue and could lead to a favorable short-term impact on its stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Nintendo's The Legend of Zelda: Tears of the Kingdom is a top-five best-seller in the U.S. for 2023, which may positively affect its stock.
The Legend of Zelda's success contributes to Nintendo's strong sales figures, which is likely to have a positive short-term impact on its stock price due to increased revenue.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Sony's Marvel’s Spider-Man 2 ranks as a top seller in the U.S. for 2023, indicating strong performance that could positively influence its stock.
Marvel’s Spider-Man 2's high sales ranking can lead to increased revenue for Sony and potentially a positive short-term impact on its stock price due to strong product performance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Warner Bros. Discovery's Hogwarts Legacy is the best-selling game in the U.S. for 2023, leading to potential increased revenues and positive investor sentiment.
The success of Hogwarts Legacy is directly tied to Warner Bros. Discovery's performance in the gaming sector, likely leading to increased revenues and a positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100