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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.
News
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.
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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.
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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.
News
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.
News
Capcom Reports Progress Despite Sales Decline in First Half of Fiscal Year
Capcom has announced its financial results for the first half of the fiscal year 2024/25, noting that it is making 'good progress' towards achieving its annual targets. The company attributes this progress to the successful launch of new titles and the growth of its existing catalog, with its arcade operations and amusement equipment businesses also contributing to profitability. However, due to …
Oct. 29, 2024, 8:31 p.m.
News
Sony Closes Down Neon Koi and Firewalk Studios
Sony has made the decision to close Neon Koi and Firewalk Studios. According to Hermen Hulst, CEO of Sony's Studio Business Group, this choice was made after evaluating the company's game portfolio and project status to ensure alignment with business priorities. Hulst noted that while mobile gaming remains a key growth area, the focus will be on titles that fit PlayStation Studios' reputation and…
Oct. 29, 2024, 6:07 p.m.
News
Kudos QA Unveils New Leadership Structure
Following the departure of its CEO and co-founder Andy Robson, Kudos QA has introduced a new leadership team, with Dan Atherton and Thouraya Walker assuming the roles of co-CEOs, effective immediately. Atherton and Walker, who also serve as co-CEOs of Dune Technology, bring extensive experience to their new positions. Dune Technology, which provides offshore development teams, invested in Kudos Q…
Oct. 29, 2024, 11:04 a.m.