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The Australian games industry generated AU$339.1 million ($212m USD) revenue in 2024.
This is according to the Australian Game Development Industry Snapshot report which shows that despite a challenging global development environment, the sector maintained a steady workforce of 2,465 full-time developers.
Moreover, 61% of studios plan to hire in the coming year, with 81% expecting their headcount to stay stable or grow in 2025. The report also revealed that 85% of the 137 responding studios developed games based on their own IP, with 93% of their revenue coming from outside Australia.
Victoria remains the leading hub for game development in the country, hosting 52% of studio head offices. While many studios operate across multiple states, 82% of employees are concentrated on the east coast, with 36% in Victoria, 27% in Queensland, 18% in New South Wales, and 1% in the ACT.
Supporting the local industry
“This year has shown the local games sector continues to build capability in the face of global headwinds,” said IGEA CEO Ron Curry.
“93% of the revenue generated in Australia comes from overseas sources, highlighting the popularity of Australian-made games to a global audience.
“Generous and globally competitive tax rebates plus direct funding from the federal and state governments continues to ensure Australian game developers can deliver amazing game projects.
Curry added: “25% of our survey respondents accessed the Digital Games Tax Offset last year, and just under 40% intend to do so this financial year. We must maintain this level of support to ensure the local industry continues to grow and contribute to Australia’s creative and digital exports.”
You can access the full report from the IGEA’s website.