Niantic Denies Reports of Pokémon Go Revenue Slump

Niantic has refuted claims that Pokémon Go's revenue slumped to a five-year low in April, stating that its revenue so far in 2023 is up on last year. The company's response comes after fans protested changes to the game's raid system, which included hiking remote raid pass prices and capping the number of in-game events players could attend each day. Despite the backlash, Niantic's hit app still draws sizable crowds to its real-world events, representing another revenue stream for the developer.