While 2022 has been a challenging year for YGG, we see 2023 primed to be a favorable year as it pushes out a larger slate of new titles in every quarter—at least three games with a metaverse project (Grandora). Valuations at a 2-year low further supports our positive outlook.
2023 is looking brighter for the video game industry…
A high base from shelter-at-home, post-COVID reopening and delays to key titles have all resulted in 2022 being a tough year for global gaming industry and YGG. That said, we see 2023 shaping up to be an inflection year, led by a robust game pipeline. 2022 saw multiple flagship titles being delayed as a result of development issues, content modifications, and decisions to wait for the better environment. With progress on some of these issues, the content slate looks much richer for 2023.