AMD gaming revenue continues to drop, down 58% in the past year despite incredible X3D CPU sales
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2025 is well underway, but it’s not quite time yet to stop talking about what happened in 2024. That’s because AMD has just released financial results for the fourth quarter of the year, as well as full-year 2024 results. The new report, which is available to view in full on the AMD website, has some interesting statistics to delve into.
GPU-wise, it was a quiet year for AMD compared to rivals Nvidia, and that undoubtedly had an impact on the gaming revenue. AMD CEO Lisa Su talked about the decline of Gaming Graphics revenue before revealing that the RX 9070 series will “go on sale in early March“. On the flip side, we’ve seen the opposite for its Ryzen CPUs, specifically X3D chips designed for gaming like the Ryzen 7 9800X3D.
- Cores: 8
- Threads: 16
- Boost clock speed: 5.2GHz
- Base clock speed: 4.7GHz
- L3 cache: 96MB
- TDP: 120W
- Platform: AM5
Gaming segment revenue down 58% compared to prior year
Honing in on gaming segment revenue, we can see that AMD reports revenue down close to the 60% mark. This is primarily put down to a decrease in “semi-custom revenue” which is defined as revenue from system-on-a-chip (SoC) products such as game consoles or handhelds. A similar fall was observed last year.
AMD
- Gaming segment revenue in the quarter was $563 million, down 59% year-over-year, primarily due to a decrease in semi-custom revenue.
- For 2024, Gaming segment revenue was $2.6 billion, down 58% compared to the prior year, primarily due to a decrease in semi-custom revenue.
Despite the gaming segment losses, AMD opens up the report by calling 2024 “a transformative year” for the company, with “record annual revenue,” closing the year with a successful last quarter that saw “revenue up 24% year-over-year”. So it’s not all doom and gloom, and we see a positive future for AMD’s gaming sector moving forward.
Firstly, the company has been “blown away” by X3D processor demand and has ramped up production to meet the added demand. It was even caught taking a jab at Intel, blaming poor competition as one of the reasons why the Ryzen 7 9800X3D was hit with stock shortages. CPU sales in the DIY market lately are heavily in AMD’s favor, and that doesn’t look like it will change any time soon as long as the competition “isn’t anywhere close” to competing with X3D technology (a key aspect of these CPUs that make them so great for gaming).
Next up in AMD’s hardware release calendar looks to be the RX 9070 and RX 9070 XT. These are two graphics cards that will be available to buy in early March and will introduce AMD’s latest RDNA 4 architecture. They will also offer exclusive support for FSR 4 and we expect them to be great alternatives to Nvidia’s upcoming RTX 5070 series cards. Nothing is officially known about performance just yet, but a delay to their launch suggests that AMD is mulling over its strategy, including pricing. Team Red will also be releasing two new Ryzen 9 X3D chips within this quarter, namely the 9950X3D and 9900X3D.
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