Financials News, Tips, Tricks & Ideas

Square Enix today warned investors that its next earnings report will include a significant hit due to a number of cancelled projects.

Microsoft has released its latest financial results, showing significant growth in gaming revenues — thanks in no small part to the acquisition of Activision Blizzard.

Remedy has published its financial results for 2023, and reported a 22.2% decrease in revenue to €33.9 million compared to €43.6 million during the same period last year.

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NetEase released its financials results for 2023, with the Chinese gaming firm experiencing growth across the board – particularly in its games division.

Unity released its fourth quarter full-year financial earnings for 2023 yesterday, which saw a jump in revenue and decrease in net losses both in its Q4 and FY 2023 results.

Suicide Squad: Kill the Justice League didn't meet Warner's expectations, according to its CFO Gunnar Wiedenfels.

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Bandai Namco has released its financial results for the nine months ending December 31, 2023, reporting a drop in sales in its Digital Entertainment segment and overall profit while its total net sales showed a slight increase.

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Embracer CEO Lars Wingefors said that the current reduction in workforce at the company and across the industry is "something that everyone needs to get through," later adding that the group's strategy has been to cut the things that have "the lowest chance of success going forward" and to only keep "the most iconic studios."

PlayStation is looking at bringing more of its exclusive first-party titles to other platforms, such as PC, in an effort to grow its games business.

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Maximum Entertainment (previously Zordix) has announced the unification of its various divisions under one name.

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Supercell has published its financial results for 2023, in which revenue dropped by 4.2% to €1.7 billion compared to last year.

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Sega Sammy has released its financial report for the nine months ended December 31, 2023, and experienced a rise in overall sales and profit despite a decrease in sales for new titles.

Stoke Games today announced that it has secured $5.5 million in funding to pursue its debut title, a "shooter-adjacent" PvP game.

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Build A Rocket Boy today announced that it has closed a $110 million Series D funding round to help the studio launch a trio of "flagship" products.

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Newzoo has maintained its games market forecast for 2023 to remain at $184 billion in its annual review.

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Sega has shared that Sonic Superstars didn't meet sales expectations following the game's launch.

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Bandai Namco has invested in two US-based startups, Flickplay and Code Charm.

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Starbreeze has released its financial results for the three months ended September 30, 2023, reporting a significant increase in revenue following the release of Payday 3.

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Newzoo has lowered its games market forecast for 2023 to $184 billion, a 0.6% increase year-on-year, in its latest report.

Unity has released its financial results for the three months ended September 30, 2023, announcing layoffs despite a significant growth in revenue and a drop in overall net loss.

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Sony has released its second quarter results for the financial year, showing an increase in overall revenue due a rise in its movie, music, and gaming businesses.

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Square Enix reported some steep drops in its latest financial report, leading the company’s stock to take a hit on the Japanese market. Notably, the company’s MMO segment saw a 22% drop in revenue year over year.