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Friday, December 6, 2024

Star Citizen's Intergalactic Aerospace Expo Pulls In $24.2 Million In Sales In 2024

Star Citizen's Intergalactic Aerospace Expo, the game's largest fundraising and new player recruitment event, concluded yesterday. The $24.2 million in sales fell 1.4% short of last year's $24.5 million sales total. On the recruitment side, only 51,848 accounts were created, a 27.8% decline from 2023's 71,811.

From the CCU Game Dashboard

For the first time since 2014 the Intergalactic Aerospace Expo experienced a year-over-year decline in sales. But a 1.4% YoY drop in sales should not spell trouble for CIG. To put the amount into perspective, the $24.2 million in sales CIG achieved over the past 14 days is 48.3% greater than the $15.1 million recorded by all games in the EVE franchise in the 3rd quarter of 2024. Overall, CIG is still on pace to record between $110-$120 million in cash shop sales for the third consecutive year in 2024. The company only needs another $3.6 million through the remainder of December to achieve that mark. If anything, this year's IAE sales performance should emphasis that CIG has probably maximized yearly sales from the cash shop and should plan accordingly.

The area that should cause concern is new account creation. Not only is this year's amount a 27.8% drop from last year, but is a 46.3% decline from the 107,705 new accounts created during the IAE in 2022. Eventually a declining player base will result in lower revenues. The launch of Squadron 42 may help in this regard, but the launch of CIG's single player game is not until sometime in 2026.

Given proper management, CIG should survive, and rather comfortably, through 2025 to reap the benefits of the launch of the studios first released game in 2026. However, I do have to include a reminder the man in charge at CIG is Chris Roberts. Given his track record at Digital Anvil, where he had to sell the studio to Microsoft because he ran out of money during the development of Freelancer, 2025 may hold a great deal of financial troubles for the company.

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