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Roblox Sees Q1 Revenue Surge to $801 Million
Roblox has unveiled its Q1 2024 financial results, showcasing substantial growth in revenue and bookings. Key highlights include: $801 million in revenue, marking a 22% year-over-year increase, and $924 million in bookings, up 19% from the previous year. Although the company reported a net loss of $270 million, it noted a significant rise in daily active users, reaching 77.7 million - a 17% year-…
May 9, 2024, 2:43 p.m.
News
London Games Festival 2024 Draws Massive Crowd of Over 100,000 Attendees
The ninth edition of the London Games Festival welcomed a staggering attendance of over 100,000 people. Held from April 9 to April 25, the event witnessed participation from more than 4,100 gaming professionals, according to the organisers. Furthermore, 900 gaming companies from 41 countries were involved. The organisers estimated that the event generated approximately £30 million for the parti…
May 9, 2024, 12:26 p.m.
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YouTube Leads as the Most Popular and Trusted Game Discovery Platform
Recent research indicates that YouTube is the go-to platform for gamers to discover new titles, with 64% of surveyed players relying on it for game discovery. The study, conducted by PR and marketing agency Big Games Machine, polled 1,000 US-based console and PC gamers on their methods for finding new games. Following YouTube, TikTok emerged as the second most utilized platform at 36%, trailed by…
May 9, 2024, noon
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Nintendo to Discontinue Twitter Integration Starting June 10
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May 9, 2024, 11:46 a.m.
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Altera Secures $9 Million in Seed Funding for AI-Powered Software Development
Altera, an AI-focused startup, has successfully raised $9 million in its seed funding round, led by Patron and First Spark Ventures. Since its inception in December 2023, the company has now secured a total of $11.1 million in funding, including a pre-seed round in January. The newly acquired funds will be utilized to enhance the company's AI software and expand its team for future projects. The …
May 9, 2024, 11:06 a.m.
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Dead Island 2 Attracts 7 Million Players
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May 9, 2024, 10:11 a.m.
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ZeniMax Executive Comments on Studio Closures: "On the Brink of Collapse"
According to a recent report by Bloomberg, a ZeniMax executive revealed that the closure of four Xbox studios was primarily due to insufficient staffing and support. During a town hall meeting, Jill Braff, the head of ZeniMax, expressed that supporting the studios globally had become challenging due to a lean central team and multiple ongoing projects. Braff stated, "I think we were about to topp…
May 9, 2024, 9:21 a.m.
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Krafton Reports 24% Surge in Q1 Sales
Krafton's Q1 financial report reveals a significant increase in consumer spending, totaling $488 million. Key highlights from the report include: Sales of $488 million (666 billion KRW), representing a 24% year-over-year increase. Operating profit of $227 million (310.5 billion KRW), up 10% from the previous year. Net profit of $255 million (348.6 billion KRW), marking a 30% year-over-y…
May 8, 2024, 6:43 p.m.
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London to Host SXSW Festival in 2025
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May 8, 2024, 2:57 p.m.
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Founder Mike Wilson Departs DeepWell
Mike Wilson, the founder and co-CEO of DeepWell, a studio centered on mental health, has announced his departure from the company. The news was shared on social media, with Wilson revealing that his exit occurred in late 2023. In a statement, Wilson expressed his decision to leave, stating that nearly all the games industry colleagues he had brought to DeepWell also departed. He clarified that he…
May 8, 2024, 2:38 p.m.