TTWO - Videogame sales dip 2% as pandemic comps prove tough hurdle

Videogame sales declined on a year-over-year basis for the first time in 14 months in April, as the industry lapped its toughest comparison from the April 2020 sales boom spurred by widespread COVID-19 lockdowns. April 2020's sales had jumped 73% from 2019. This April, overall sales dipped 2% year-over-year to $4.6B, according to NPD Group. That breaks a streak of monthly record performances. And the last time sales had declined year-over-year was in February 2020 - when the industry then saw its seventh straight monthly decline as major console manufacturers Sony (SONY) and Microsoft (MSFT) were planning their next-gen machines. Overall sales ticked down to $4.645B. Plunges in hardware sales (down 30% to $296M) and accessory sales (down 23% to $168M) were almost totally mitigated by another rise in content sales (up 2% to $4.18B). The tough comps were apparent especially compared to 2019. While hardware sales were off 30%

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Videogame sales dip 2% as pandemic comps prove tough hurdle