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Starbreeze still running at a loss, net sales down in Q2
Studio shrinks losses substantially, but struggles to turn a profit as Payday 3 development chugs along
Financials (Page 12)
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Hiro Capital and 1Up Ventures invest $3.4m in Atom Switch
The US developer is working on debut title InfestStation
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Embracer net sales up 107% for Q1
Group revenues largely driven by inorganic growth stemming from a spree of acquisitions in the last year
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Embracer to acquire Lord of the Rings IP, Tripwire, Limited Run and more
Upfront buying price to reach SEK 6 billion ($576 million) for five acquisitions plus "one unannounced" purchase
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PUBG gets 80,000 new players daily since going free-to-play
The figure was shared in Krafton's latest financial report, with net profit at the developer for Q2 growing 37% year-on-year
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Roblox posts Q2 losses of $176.4m as bookings continue to decline
Company's losses stand at $336.6 million for the first half of 2022
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A flat start to the fiscal year | Podcast
Latest episode now available to download, looking at the declines reported from some of the biggest games companies
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Bandai Namco's game sales up 55% year-on-year during Q1 FY2023
The company sold 11.4 million units across four games during the quarter
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Andrew Wilson: "I don't think we could be in a stronger position as a standalone company"
EA CEO also addressed the console lifecycle, expecting a "stronger pipeline down the back half of the cycle"
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Nintendo Q1 sales fall 4.7% to $2.3bn, Switch sales down 23%
But platform holder says demand “remains stable”, sales of first-party titles reaches highest level for April to June in Switch history
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PlayStation’s Q1 revenues dip by 2% to $4.5 billion amid sales decline, increasing costs
Earlier-than-expected completion of Bungie acquisition, now costing $3.7 billion, also a factor
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Microsoft Q4 gaming revenues decline, but Game Pass grows
Over four million people have streamed Fortnite via Xbox Cloud Gaming - and one million of those were new to Microsoft's ecosystem
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Chinese market declines for first time in 14 years
Game revenues down 1.8% year-over-year following publisher freeze and ongoing restrictions
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ESA revenue dropped $10 million in E3 2020's absence
Trade body's takings fell 25% year-on-year as pandemic impacted the industry
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Ubisoft sales down 9.8% in Q1 2022
Update: Company posts decreases in earnings, cancels four titles, delays Avatar to 2023
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Faze Clan goes live on NASDAQ
Gaming brand announced its intent to float last year following merger with SPAC
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PC market experiences "sharpest decline in nine years"
Shipments were down 12.6% year-on-year during Q2 2022
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NetEase invests "several million dollars" in Polish VR studio
Lodz-based Something Random is to release its debut title in 2023
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Diablo Immortal's first month earnings near $50m
Spending peaked on Day 10 with Blizzard earning $2.4 million, 30-day downloads reached 10 million
Feature
Analysts: “The games industry is not going anywhere” in the face of a recession
The business of video games is expected to show resilience in the event of an economic downturn, although some areas will feel the effects
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Former Supercell devs raise $5m for new studio Bit Odd
Finnish studio aims to develop games "not based on data but on feeling"
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Ubisoft CEO Yves Guillemot takes 30% pay cut
Company still at "high risk" of losing talent, but gender balance slowly improving
Feature
Zordix: "Despite challenges and effort surrounding M&A, the risk still proves worth the reward"
The company's CEO, Christina Seelye, tells us why you should consider merger and acquisition activity
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Bright Gambit reveals first round of funded games
Five titles were selected by the indie fund that launched earlier this year
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Net profit at The Pokémon Company up 123% year-on-year
The Japanese firm saw its sales rise 70% over the last fiscal year