News
Embracer CEO says layoffs are "something that everyone needs to get through"
Lars Wingefors also addressed the company's contribution to overinvestment that led to this situation
Financials (Page 4)
News
Sony seeking growth by bringing more first-party games to other platforms
President and COO says it could help improve PlayStation's operating profit
News
Embracer restructuring nears "final stretch" but unlikely to reach net debt target by March
Company reports all-time high Q3 sales, prepares potential divestments to reduce debt
News
Maximum Entertainment merges six games divisions under parent brand
Company unifies publishers Maximum Games, Modus Games, Just For Games, and Merge Games, as well as developer Modus Studios, under one roof
News
Supercell revenue drops 4.2% to €1.7bn in 2023
Mobile developer contributed €110 million to the Finnish economy last year
News
PlayStation generates $9.6 billion in holiday quarter, but expects hardware decline in 2024
Sony president Hiroki Totoki says no major franchise launches for PS5 until April 2025
News
Nexon's revenue grew by 20% in 2023
The publisher attributed its record-breaking revenue in part to the releases of Dave the Diver and The Finals
News
Sega revenues rise to $2.7bn
But profit within its Entertainment Contents segment declines due to weak game sales
Feature
Take-Two cutting costs again as Q3 sales dip 3%
Zelnick says this year's cost-cutting will be "more robust" than last year's; publisher beats guidance despite softness in NBA 2K24 sales
News
Q3 bookings boost makes Ubisoft confident of record year
Publisher expects Prince of Persia and Skull and Bones to deliver a sharp increase in bookings in Q4
News
Krafton gets a 3% sales bump in 2023
Battlegrounds Mobile India generated the largest monthly sales in December for the publisher
News
Stoke Games raises $5.5m for "shooter-adjacent" PvP game
Remote studio from ex-League of Legends and Multiversus developers exploring a "slower-tempo" game with strategic focus
News
Roblox continues to grow revenues, deepen losses
UGC platform expects more of the same in 2024, losing as much as $1.4 billion on revenues as high as $3.4 billion
News
Nintendo profits rise to $2.7bn despite Switch sales slowdown
Platform holder says console sales revenue for the nine months ended in December “in line with expectations,” raises full-year sales forecasts
News
Square Enix sales almost flat through first nine months of fiscal year
The publisher's HD Games segment saw a 15% revenue increase as it launched multiple titles during the period
News
Konami raises forecasts as profits rise 53% to $427m
Publisher boosted by launch of Metal Gear Solid and Japan-only hit Momotaro Dentetsu World
News
Mountaintop raises another $30 million
Start-up studio brings influencer investors on board as it gets closer to announcing its debut tactical shooter
News
SF6 and RE4 continue to drive Capcom results
Revenues are up 33% through the first nine months of the company's fiscal year
News
Xbox revenues up 49% following Activision Blizzard acquisition
Microsoft's Q2 results show initial impact of $68.7 billion deal, including record monthly active users
News
EA Sports FC 24 beats expectations, leads EA to Q3 growth
Football series grew 7% for the quarter despite rebrand as EA sees profits jump 42%
News
Focus Entertainment's Q3 revenue dips 43% and it announces a rebrand
The games firm will become Pullup Entertainment on April 1
.webp?width=320&height=180&fit=crop&quality=80&format=jpg&auto=webp)
News
Build A Rocket Boy lands $110 million in funding
Leslie Benzies' studio will put the money toward three "flagship" products: Everywhere, AAA franchise MindsEye, and UGC tool Arcadia
News
Tencent slashed investments in 2023
World's largest gaming company only made 39 deals last year, compared to 299 in 2021
News
Nintendo shares hit record high due to Switch 2 anticipation, Saudi investment speculation
Platform holder's rise contributed to Nikkei Stock Average's highest point since 1990
News
Newzoo maintains 2023 market value prediction at $184bn
The data firm also revealed that NBA 2K24 was the highest revenue earner on PC and console in the US and UK