The Game Industry of Finland Report 2024 (Neogames Finland)

Summary

• Finnish game industry turnover fell from over €3 billion in 2022 to €2.85 billion in 2024.p.14
• The industry employed around 4,300 people by the end of 2024, up from 4,100 at the end of 2022.p.12
• Active studios increased from 232 at the end of 2022 to 270 by the end of 2024.p.6
• Disclosed investments in 2023-2024 amounted to approximately €128 million, compared with over €300 million in 2021-2022.p.7
• Estimated operating results were around €800 million in 2023 and approximately €400 million in 2024.p.14
• Over the past twelve years the industry generated a cumulative turnover of €28 billion, and well over 95% of turnover comes from exports.p.15

Key insights

1. PC is now as popular a platform as mobile, both at 61%.p.10
2. Finnish studios published 120 commercial games between 2023 and 2024.p.7
3. The Capital Region hosts 127 studios and generates 97% of the industry's turnover.p.9
4. The number of studios with an annual turnover of €1 million decreased from 45 to 37.p.14
5. Every euro of public money invested in the industry returned approximately 22 euros in tax revenue over the past twelve years.p.15
6. Around 24% of employees in the interviewed companies work mostly remotely, down from 35% in 2022.p.13