Pokemon Go reported revenue decline in 2023 is denied by Niantic

Pokémon Go reportedly fell to its lowest total revenue since February 2018 in a third-party data dump from Mobile gamers about the top-performing mobile games by revenue in April 2023, going from $58 million in February to $34.7 million in April.

The Paradox Rift has opened, introducing a new set featuring the beloved Pokémon colors Scarlet and Violet, Credit: Pokémon Go
By Shubham Dalal | May 5, 2023 | 3 Min Read follow icon Follow Us

Niantic has insisted that Pokémon Go is making more money right now than it did at this same time last year, just a day after reports surfaced that the game’s sales would drastically decline in 2023. Pokémon Go reportedly fell to its lowest total revenue since February 2018 in a third-party data dump from Mobile gamers about the top-performing mobile games by revenue in April 2023, going from $58 million in February to $34.7 million in April. If you need more information about Pokemon Go’s reported revenue decline in 2023 is denied by Niantic, then read carefully, and don’t forget to share with your friends.

Pokemon Go reported revenue decline in 2023 is denied by Niantic:

This resulted in players who had started a widespread boycott of Pokémon Go and criticized Niantic for its recent changes to the game’s Remote Raids gameplay celebrating their success in garnering attention on social media. Niantic, however, quells those celebratory embers by disputing those figures, claiming that the game has been more profitable and that in-person raiding has also increased.

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We generally don’t comment on third-party estimates of our revenue as they are often incorrect, which is the case here,” a Niantic spokesperson told Eurogamer. “Our revenue so far in 2023 is up on last year. We don’t focus on month-to-month trends because they fluctuate based on major live events. This year’s changes have already increased in-person Raiding and we’re excited to introduce exciting new features over the coming months.”

Niantic did not provide any hard data to support its claims, but Mobilegamer derived all of its figures from outside sources rather than directly from the developer. However, the community is more troubled by Niantic’s response’s wording, particularly the fact that it never refers to the metrics and only brings up annual revenue rather than the month-over-month decline the data is meant to highlight. Some individuals with experience in the mobile gaming industry are wondering why this response was developed in this manner and so quickly after the initial report was released.

Although it might initially seem to be a positive statement, this demonstrates how panicked Niantic is behind the scenes. To control the public narrative, they had to release a (half-assed) statement to reassure their investors and staff, according to Reddit user MonolithyK. There’s a good chance that the increase in in-person raiding they’re claiming is happening is still not catching up to the remote raiders and other players they lost. Both of these points are avoiding the entire point. Even if the trend for one month is dreadfully negative, they decide not to mention it. It is very foreseeable.

Niantic’s response to Pokémon Go’s revenue has been met with skepticism, but this also ignores the app’s reported decline in daily users or efforts to win back those players through the use of enigmatic promotional gifts. The majority of comments on this response center on players’ mistrust of Niantic and their perception that it is doubling down on its recent changes.

They assume that the company won’t address their concerns or the detrimental effects those changes have had on the game and community. Given that the release of Niantic’s most recent game, Peridot, is scheduled for the following week, it is unlikely that the company will respond further.

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