Nvidia reports record $3.42 billion in gaming revenue
Chipmaker Nvidia’s fourth-quarter revenue jumped 53% year-on-year to $7.65 billion, totaling $26.91 billion for the year.
Of the society games division reported record revenue for the quarter, a 37% year-over-year increase to $3.42 billion. Its gaming-related tax revenue jumped 61% to $12.46 billion.
During the quarter, Nvidia made a number of investments in its gaming business.
- The company launched GPUs for desktop and laptop computers.
- It announced over 160 gaming and Studio GeForce-based laptop designs. GeForce NOW is Nvidia’s cloud-based game streaming service.
- Nvidia unveiled over 30 new RTX games and titles shipping during the quarter, including “COD: avant-garde” and “God of the war,” and added over 65 games to its GeForce NOW library.
The chipmaker also announced collaborations with Samsung and AT&Toffering GeForce Now to technology company customers.
Nvidia’s data centers and professional visualization divisions also achieved record revenue at $3.26 billion and $643 million — up 71% and 109% compared to the same period last year.
Failed to acquire arm
In 2020, Nvidia agreed to buy the chip technology company from Softbank Armswho creates chips for the nintendo switch and other gaming devices, at a $40 billion valuation. Softbank canceled the plans earlier this month following regulatory scrutiny in several countries – the Federal Trade Commission sued to block the deal.
Softbank bought Arm in 2016 for $32 billion.