Niantic has issued a statement denying the accuracy of the revenue decline reported for the game.
According to reports, Niantic's Pokémon Go generated $34.7 million in revenue in April, marking the game's lowest monthly earnings in five years.
According to a report by MobileGamer.biz, Pokémon Go ranked twelfth in terms of global revenue for the month, as per data from AppMagic, despite experiencing a decline in earnings.
The decrease in revenue could be attributed, at least in part, to a modification in one of the game's features. Specifically, on March 30, Niantic raised the price of remote raid passes and limited their daily use to five. These passes allow players to participate in raids remotely, without having to physically visit the location.
After reports of a decline in revenue for the game, Niantic has released a statement refuting the accuracy of AppMagic's data.
The company's representative sent a statement to Eurogamer saying: "We generally don't comment on third-party estimates of our revenue as they are often incorrect, which is the case here. Our revenue so far in 2023 is up on last year."
The statement, however, did not deny the decline in Pokémon Go's revenue during April. Instead, it implied that such fluctuations are a regular part of the business.
Furthermore, addressing concerns over the modifications to remote raids, the company said that it has observed an increase in in-person raids.
According to the Niantic spokesperson, the company does not "focus on month-to-month trends because they fluctuate based on major live events."