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Microsoft Sees 43% Yearly Increase in Gaming Revenue Following Activision Acquisition
Microsoft has unveiled its Q1 fiscal year 2025 financial results, showcasing substantial growth in its gaming sector, primarily attributed to the acquisition of Activision. Although Xbox hardware revenue has declined, the overall performance of the company has been promising, with a 16% year-over-year increase in revenue and an 11% rise in net income. The More Personal Computing segment, which en…
Oct. 31, 2024, 9:49 a.m.
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ProbablyMonsters Reduces Workforce by Approximately 50 Employees Following Battle Barge Project Cancellation
ProbablyMonsters has confirmed the layoffs of around 50 staff members. The news was shared by senior technical artist Mic Marvin on LinkedIn, who also revealed that they were among those affected by the decision. Similar announcements were made by other former employees, including Battle Barge designer Ed Byrne, senior environment artist Carol T., 3D character artist Tamara Corbett, and 3D charac…
Oct. 30, 2024, 8:46 p.m.
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GameSpot Faces Further Staff Reductions
GameSpot, a media outlet owned by Fandom, has initiated a new wave of job cuts. Although the company has not formally confirmed the news, earlier today, Giant Bomb announced the cancellation of its streams for the day, citing a resumption of activities tomorrow. Subsequently, reports of staff layoffs began to emerge. Dave Klein, a host and senior producer, revealed on X/Twitter that he had been l…
Oct. 30, 2024, 6:51 p.m.
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Ubisoft's Half-Year Financials Reveal Significant Decline Amid Star Wars Outlaws' Disappointing Performance
Ubisoft has unveiled its financial results for the first half of the fiscal year, citing a 'resilient performance' from its back-catalogue and live services, despite experiencing a 19.6% year-over-year decline in sales to €672 million. The company's cost reduction program is reportedly 'on track,' with a thorough review of its 'player-centric approach' underway to address concerns and boost game …
Oct. 30, 2024, 5:24 p.m.
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Fingersoft Reduces Workforce by 14 Employees
Finnish mobile game developer Fingersoft has undergone a restructuring, resulting in the loss of 14 jobs. According to a report by Pocket Gamer, CEO Jaakko Kylmäoja attributed the decision to a substantial decline in ad revenue. The layoffs affected various departments, including development, marketing, community management, and App Store optimization. "Regrettably, we were forced to conclude…
Oct. 30, 2024, 3:21 p.m.
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Team17 Names Rashid Varachia as New CFO and COO
Team17 has confirmed the appointment of Rashid Varachia to the dual role of chief financial officer and chief operating officer. The current CFO, Mark Crawford, will be stepping down from his position on October 31 to explore other business opportunities. Varachia brings a wealth of experience to the role, having previously served as CFO at both Jagex and Codemasters. His tenure at Codemasters be…
Oct. 30, 2024, 2:39 p.m.
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Unity Names Former King Executive Steve Collins as New Chief Technology Officer
Unity has made the announcement of Steve Collins as its newly appointed chief technology officer. Collins brings a wealth of experience, having previously served as CTO at King from February 2020 to March 2024, as well as holding positions at middleware developer Havok and mobile marketing platform Swrve. Additionally, Collins founded the computer graphics research group at Trinity College Dublin…
Oct. 30, 2024, 1 p.m.
News
Activision Blizzard QA Staff Protest Mandatory Office Return
Activision Blizzard's QA team in Minnesota has staged a walkout in opposition to the company's policy requiring employees to return to the office. According to a report by Eurogamer, the ABetterABK workers' group, supported by the Communications Workers of America union, alleges that the company is denying accommodations to force certain employees to quit. The group claims that Activision Blizzar…
Oct. 30, 2024, 12:49 p.m.
News
EA Achieves Record Quarter Thanks to Successful Sports Titles
Electronic Arts has released its Q2 FY25 financial results, revealing a significant increase in net bookings fueled by its thriving EA Sports portfolio. The company's performance surpassed its own guidance, leading to a revised outlook for the full fiscal year. Key highlights for the quarter ending September 30, 2024, include: Revenue of $2.05 billion, representing an 8% year-over-year increase; …
Oct. 30, 2024, 10:40 a.m.
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EA CEO Rejects Apex Legends 2.0 as Solution to Game's Disappointing Quarter
Following a disappointing quarter for Apex Legends, Electronic Arts CEO Andrew Wilson dismissed the idea of releasing an 'Apex 2.0' to address the game's issues during the company's Q2 FY25 earnings call. Instead, Wilson emphasized the importance of supporting the existing player base and delivering innovative content on a seasonal basis. He noted that introducing a new version of the game could …
Oct. 30, 2024, 10:32 a.m.