News
Gigabyte shares drops after dig at "low quality" Chinese manufacturers
Gaming hardware firm apologises as it loses more than $550 million in market value
Financials (Page 21)
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Unity reports strong Q1 2021, but losses widen
The company said $234.8m revenue exceeded expectations, but loss from operations represented $110.9m
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CEO says Paradox "can do better" as Q1 profits plummet
"We are not satisfied with the quarter," CEO Ebba Ljungerud said
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Starbreeze's Q1 losses shrink 95% to $505,000
New CEO Tobias Sjögren says "the road ahead is clear" as Payday 3 is fully funded
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Capcom reports fourth consecutive year of record high profits
Publisher's ongoing success driven by Monster Hunter Rise and Resident Evil 3
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Epic reportedly offered $200m to Sony for PlayStation exclusives
The firm also reportedly started discussions with Microsoft and noted that securing first-party Nintendo games would be a "moonshot"
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Metacore secures €150m credit line from Supercell
The funding will go towards growing the Merge Mansion developer's team and expand its operations
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Tencent in talks with US Committee to retain Epic and Riot stakes
The CFIUS is investigating whether user data handled by the two studios could constitute a "national security risk" because they are Chinese-owned
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Nintendo reports record full-year profits as Switch nears 85m units sold
And, despite forecasting decline, the platform holder expects console to beat Wii's 101 million lifetime sales this year
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Australia introduces tax break for games
The 30% tax relief is the first ever federal tax incentive for the Australian games industry
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Carry1st raises $6m in Series A funding round
The money will go towards scaling mobile games in Africa
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Fortnite made $9bn in two years
Epic Games' battle royale made $5.4bn in 2018 and $3.7bn in 2019, court documents from the Epic vs Apple trial showed
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Riot Games contributes $1m to Wings fund
"Creating necessary change in the games industry [is] only possible through the right partnerships," Riot said
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Gfinity acquires Fortnite fan site
The esports company will leverage Drawnite.com to expand its publishing platform, Gfinity Digital Media
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MTG loses money in Q1 despite greater revenues
ESL Gaming parent company doesn't expect a significant return to live esports events until 2022
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Gaggle Studios raises $2m
The studio's debut title, Goose Goose Duck, will be launching in Early Access today
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Activision Blizzard CEO Bobby Kotick takes 50% pay cut
Kotick's base salary and target bonuses will be halved
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PlayStation revenues near $25bn as PS5 ships 7.8m in five months
Sony's gaming segment drives full-year revenues to $81.7 billion
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Games developers invited to apply for UK Global Screen Fund from May
First stage of £7 million government fund will focus on feature films and animation
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People Can Fly acquires Phosphor Studios
The studio will become People Can Fly Chicago and strengthen the Polish developer's presence in the US
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Mighty Kingdom launches $18m IPO
Australian studio has an implied market capitalisation of $46 million
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Multiverse raises $17m to fuel hybrid gaming platform
Funding will help the company expand its digital platform and content offering
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GameStop CEO reportedly due to receive $179m windfall
Outgoing chief benefits from GameStop stock surge
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Keywords acquires Climax for up to £43m
The company will pay £27 million in cash and shares, with a deferred consideration of an additional £16 million
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PUBG parent Krafton applies for IPO
Seoul-based analysts valued the PUBG maker at around $17.9 billion