The State of Games: November 2025
A tough month for games as Call of Duty misses, new Battlefield mode struggles and consoles falter
Welcome to the latest State of Games Report from The Game Business.
Every month, exclusively for paid subscribers, we dive into the key charts, statistics, facts and stories from the previous month in video games, including some exclusive data and analysis from us.
November made for some tough headlines. So let’s dive into what is typically one of the year’s biggest months.
The State of Games: November 2025
November was an unusual one this year. Grand Theft Auto 5 was initially expected to launch in the window, which meant publishers avoided the month and it was a quiet one for new games. This proved to be somewhat of a blow for the console industry, especially with Call of Duty struggling.
Call of Duty and Battlefield REDSEC underperform in tough November
Call of Duty: Black Ops 7 took the crown in the US in terms of revenue, but in terms of units only managed No.2 in Europe, beaten by Europe’s biggest franchise EA Sports FC 26. The latest Anno game from Ubisoft was a breakout hit across European markets, but otherwise it was a slow month for games.
Here are the charts and facts