Aream & Co reveals mobile gaming revenue shift East as US falls 13%
Published 10 Nov 2026 · Games Atlas Editorial · Market Analysis · Companies: Scopely, Aream & Co
Games Atlas summary: Aream & Co MD Kartik Prabhakara presented mobile revenue data at UKIE's The Funding Formula conference. China leads gross IAP revenue by publisher HQ, ahead of the US, Japan, Singapore and Türkiye. US revenue fell 13% year-on-year and Japan fell 12%, the steepest declines on the chart. Türkiye and Singapore rank as the fastest-growing investment hubs, with Scopely's Loom Games deal as a marquee exit. Vietnam and China lead user growth yet remain the hardest markets for VCs to enter.
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Games Atlas — Games Industry Intelligence (2026). Aream & Co reveals mobile gaming revenue shift East as US falls 13%. Published 10 Nov 2026. https://gamesatlas.app/article/aream-co-reveals-mobile-gaming-revenue-shift-east-as-us-falls-13
Revenue growth concentrates in China, Vietnam and Türkiye
- Most net new mobile revenue now originates in China, Vietnam and Türkiye, Prabhakara said.
- China tops gross IAP revenue by publisher HQ, ahead of US, Japan, Singapore, Türkiye.
- Vietnam leads average MAUs with 1.8 billion, ahead of China and the US.
- Pakistan posted the fastest MAU growth, up 15% year-on-year.
- Singapore followed at 13%, then Hong Kong at 10%.
US and Japan lose share as Western revenue declines
- US gross IAP revenue fell 13% year-on-year, the steepest decline on Aream's chart.
- Japan followed closely, down 12% year-on-year over the same period.
- Cyprus, Vietnam and France posted the fastest-declining MAU figures among tracked hubs.
- US publishers still generate strong mobile revenue despite the decline.
- UK and Ireland also rank in the top 10 by publisher HQ.
Türkiye and Singapore offer accessible deal structuring for investors
- Türkiye ranks among the fastest-growing investment hubs, with active deal flow, Prabhakara said.
- Scopely's acquisition of Loom Games stands as a billion-dollar exit originating from Türkiye.
- Singapore serves as a global HQ base for many Chinese companies, easing cross-border deal structuring.
- Hong Kong also ranks among the fastest-growing hubs for both revenue and user growth.
China and Vietnam remain harder markets for VC entry
- Vietnam and China remain harder markets for VCs to penetrate, Prabhakara said.
- That holds despite both countries leading revenue and user growth.
- Türkiye's active investment rounds contrast with slower capital access elsewhere in Asia.
- Prabhakara noted AI could open new development opportunities across global markets.