Hong Kong stock concept tracking|Chinese game market revenue reached a record high, and the general trend of games going overseas (with concept stocks)

The Zhitong Finance App learned that the “China Game Industry Quarterly Report for the Third Quarter of 2024” shows that new mobile game products and leading products brought large revenue increases in the quarter. At the same time, “Black Myths: Goku” also brought significant increases to the stand-alone console and console market, and the revenue in the Chinese game market reached a record high.

In the third quarter of 2024, China's game market revenue was 91,766 billion yuan, up 22.96% month-on-month and 8.95% year-on-year.

Among them, the actual sales revenue of the Chinese mobile game market was 65.658 billion yuan, up 20.20% from the previous year, up 1.21% year on year, and the actual sales revenue of the Chinese client game market was 16.926 billion yuan, down 0.39% month on month and 0.40% year on year. The actual sales revenue of games developed independently by China in overseas markets was US$5.169 billion, up 15.40% month-on-month and 20.75% year-on-year, mainly due to the outstanding performance of “Black Myths: Wukong” in overseas markets.

The Haitong Securities Research Report points out that the domestic game market has entered a mature period, and the general trend is to go overseas. In 2023, the Chinese game market will account for about 37.4% of the global market, and overseas markets still have nearly twice as much room. Currently, the US and Japan are still the main markets for overseas games in China, accounting for 32.51% and 18.87% respectively, but the penetration rate is still less than 30%. From October 2023 to April 2024, overseas revenue from domestic games grew steadily, empowered by AI, and improved R&D and marketing efficiency.

Domestic game-related companies:

Tencent Holdings (00700), NetEase - S (09999), Bilibili W (09626), Xindong (02400), China Confucius (00136), Bubble Mart (09992), Dream World (01119), etc.