The Swedish Games Industry Grew 6.8% in 2024

The Swedish games industry generated SEK 37B (approximately $4B) in domestic revenue in 2024, a 6.8% year-on-year increase, according to the latest Game Developer Index from trade body Dataspelsbranschen. Total global revenue, including subsidiaries abroad, reached SEK 73B (approximately $7.7B).

The report shows that domestic performance remained stable while revenue from subsidiaries dropped from SEK 42B (approximately $4.4B) to SEK 36B (approximately $3.8B). Dataspelsbranschen attributed the decline to divestments and asset sales at groups such as Embracer.

Swedish Games Industry Revenue Growth in 2024

Mojang, King, Embracer, Paradox Interactive, and EA Dice were the top domestic companies, and ten major firms generated more than SEK 1B (approximately $105.7M) during the year. Ubisoft Entertainment continued to employ the largest workforce in Sweden, followed by EA Dice, King, Embracer, and Paradox.

Employment levels remained steady at 9,130 full-time workers. Women held an estimated 2,150 positions, equal to 23.5% of the workforce. The report noted that in companies with more than 100 employees, women accounted for over a quarter of staff. Layoffs continued during the period, affecting between 400 and 500 people as of Oct. 2025, while at least 230 new hires were recorded.

The number of game companies in Sweden rose 9% to 1,101 in 2024. A total of 105 new firms were established during the year. Most studios are located in the Stockholm region, with 464 companies, while Västra Götaland has 156 and Skåne has 146. Almost half of all firms are solo enterprises, and 36% have fewer than five employees.

Dataspelsbranschen managing director, Per Strömbäck, said the year reflected tighter investment conditions and that many companies still performed well. Head of analytics, Johanna Nylander, said Swedish studios continue to produce globally successful games.

The findings reinforce Sweden’s position as a major development hub that remains stable despite global restructuring and shifting investor priorities.