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Unity Undergoes Restructuring with Latest Round of Job Cuts
Unity has initiated another wave of layoffs, as reported by various sources within the company. The team responsible for the visual tool Behavior, along with several designers and artists, have been affected by the cuts. In an internal email, Chief Revenue Officer Matthew Bromberg explained that these 'important organisational changes' primarily impact the CTO, Engine Product, and Ads teams, and …
Feb. 11, 2025, 9:38 p.m.
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Roblox Under SEC Scrutiny
According to recent reports, Roblox is the subject of an active investigation by the United States Securities and Exchange Commission. A Freedom of Information request response obtained by Bloomberg revealed the company's involvement in the probe. However, the SEC declined to provide further information, citing the potential to disrupt the ongoing enforcement proceedings. This development comes a…
Feb. 11, 2025, 2:02 p.m.
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Roblox Sees 29% Revenue Surge in 2024
Roblox has released its Q4 and full-year financial results for 2024, showcasing sustained growth and a slight reduction in net losses. Key highlights include: - A 32% year-on-year increase in revenue, reaching $988.2 million - A 21% year-on-year rise in bookings, totaling $1.36 billion - Net losses of $218.4 million, down from $325 million in the same quarter last year For the full year, the c…
Feb. 11, 2025, 10:57 a.m.
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Dead Astronauts Secures €4 Million in Seed Funding
Dead Astronauts, a Swedish game development studio, has successfully raised €4 million in a heavily oversubscribed seed funding round, led by Behold Ventures. The investment will be used to grow the studio's core team and drive development of its forthcoming open-world action-adventure game, codenamed Veil, built utilizing Unreal Engine 5. The funding round drew participation from notable investo…
Feb. 11, 2025, 8:01 a.m.
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Sony Issues Apology for Widespread Outage Affecting PlayStation Network
Following a nearly 24-hour disruption, Sony has extended an apology to its user base after the PlayStation Network experienced a global outage over the weekend. Although the exact cause remains undisclosed, with the company attributing it to an "operational issue" upon resolving the matter on February 10, the impact was far-reaching, affecting various aspects of PlayStation's services. This inclu…
Feb. 10, 2025, 10:01 p.m.
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Three Friends Emerges as New Indie Game Publisher Founded by Mojang and Coffee Stain Veterans
A group of former Mojang and Coffee Stain staff members have joined forces to launch Three Friends, an independent game publishing label. Co-founded by Albert Säfström, Daniel Kaplan, Sebastian Badylak, and Johan Hermeren, the company operates under three core principles: early involvement, careful project selection, and a guidance-oriented approach. Its primary focus is on supporting indie game …
Feb. 10, 2025, 9:36 p.m.
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Phasmophobia Reaches Milestone with 2 Million Console Sales and 22 Million Overall
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Feb. 10, 2025, 7:02 p.m.
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Valve Introduces New Page for Steam Advertising Policy
Valve has launched a new webpage that outlines the company's advertising guidelines for Steam, offering developers clarity on what types of ads are permitted and prohibited on the platform. The policy, which has been in effect for five years, was previously located on the Pricing page but has now been relocated to its own dedicated page on Steamworks. This move aims to provide developers with ex…
Feb. 10, 2025, 2:18 p.m.
News
Square Enix Reports $1.6 Billion in Revenue Over Nine Months, a Decline from Previous Year
Square Enix has unveiled its financial results for the nine-month period ending December 31, 2024, revealing a decline in overall sales, which the company attributes to underperforming existing titles in its mobile and PC browser segments. The Digital Entertainment division, encompassing the company's video game business, also experienced a downturn in revenue due to new titles failing to match t…
Feb. 10, 2025, 10:09 a.m.
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Nintendo Unveils Strategy to Meet Switch 2 Demand
Nintendo has provided additional insight into its strategy for meeting customer demand for the upcoming Nintendo Switch 2. During a recent Q&A session following the company's earnings call, President Shuntaro Furukawa informed investors that initial demand projections would be influenced by the reaction to the Nintendo Direct event on April 2, which promises a more in-depth look at Switch 2. The …
Feb. 10, 2025, 7:57 a.m.