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Sega Sees 17.3% Boost in Quarterly Net Sales, Driven by Strong Game Performance
Sega Sammy has announced a significant 17.3% increase in net sales for the first quarter, with its Entertainment Contents segment, which encompasses games, surpassing expectations with ¥68.4 billion ($432 million) in sales. Although major new title launches are scheduled for the third quarter onwards, the company reported that overall net sales and operating income were largely in line with or ex…
Aug. 10, 2026, 7:50 a.m.
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AI-Driven Mergers and Acquisitions Impact the Gaming Investment Landscape
A recent report by S&P Global Market Intelligence reveals a decline in investment in the gaming sector, with funds increasingly being allocated to business models that prioritize recurring engagement, platform leverage, and alternative revenue streams. The largest mergers and acquisitions in the second quarter were heavily focused on artificial intelligence, diverting attention away from other ar…
Aug. 7, 2026, 2:06 p.m.
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Ex-Icelandic Minister Áslaug Arna Sigurbjörnsdóttir Joins Fenris Creations to Spearhead AI Partnerships
Fenris Creations has appointed Áslaug Arna Sigurbjörnsdóttir, a former Icelandic minister, as its senior director for AI partnerships, tasking her with leading a novel research initiative within Eve Frontier. This endeavor will involve collaboration with AI research laboratories, academic institutions, policymakers, and strategic partners. Sigurbjörnsdóttir's background includes serving as Icelan…
Aug. 7, 2026, 1:40 p.m.
News
Take-Two Reports Q1 Results: Strong Performance and Cancellation of Unannounced Game
Take-Two's Q1 results exceeded expectations, driven by the strong performance of NBA 2K and GTA, supported by the Zynga mobile portfolio. The company maintains its full-year net bookings projection of $8-8.2 billion. However, a $43.4 million revenue impairment was recorded due to the cancellation of an unannounced title from a third-party developer, resulting in a significant increase in net loss…
Aug. 7, 2026, 1:01 p.m.
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Charity Bundle Nears $200,000 Target to Aid Workers Affected by Industry Layoffs
A charity bundle on Itch.io, curated by Necrosoft Games, is nearing its goal of $200,000 to support workers impacted by recent layoffs in the US and Canadian gaming industries. With 127 titles available for a minimum of $10, the bundle has already raised over $169,000, with just seven days remaining until its conclusion on August 13. The proceeds will be directed towards a hardship fund establish…
Aug. 7, 2026, 11:07 a.m.
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Tripledot Studios Purchases Supersonic from Unity in $40 Million Deal
In a recent development, Tripledot Studios has finalized the acquisition of Supersonic, a mobile publisher, from Unity for a sum of $40 million. This move follows Unity's earlier announcement to divest Supersonic after discontinuing its IronSource network. Supersonic initially became a part of Unity through a $4.4 billion all-stock merger with IronSource in 2022. As per the agreement, Supersonic …
Aug. 7, 2026, 10:04 a.m.
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August 2026 Jobs Roundup: Frontier Developments Names Dan Lazarides as CMO
Staying up-to-date with the latest industry moves can be challenging, which is why we've compiled this roundup of recent appointments and transitions. To have your company's news featured, please submit details of new hires, including their name, role, and previous position, to newhires@gamesindustry.biz. Dan Lazarides has taken on the role of chief marketing officer at Frontier Developments, bri…
Aug. 7, 2026, 8:48 a.m.
News
Unity Achieves Record-Breaking Quarter Following Vector AI Success
According to Unity CEO Matt Bromberg, the company has just experienced its most successful quarter since going public. Bromberg attributes this success to the continued growth of Unity Vector AI and the company's product roadmap, including the upcoming launch of Unity 7 in Q1 2027. Key financial highlights include: $546 million in revenue, representing a 24% year-over-year increase; Create Soluti…
Aug. 7, 2026, 8:02 a.m.
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Roblox Stock Plummets 70% After Disappointing Q2 Monetization Results
Roblox's stock price has plummeted by 70% following the release of its Q2 results, which revealed a 2% shortfall in monetization compared to company projections. This decline in monetization was largely driven by lower-than-expected average bookings per daily active user among users under the age of 13, a demographic where the company prioritized long-term engagement over short-term revenue. Acco…
Aug. 6, 2026, 1:17 p.m.
News
Kudos Games Services Bolsters Executive Ranks with Key Appointments
Kudos Games Services has strengthened its senior leadership with the appointments of Michael Hanna as Chief Operating Officer and Ann Hurley as a Board Advisor, further enhancing its capabilities. Hanna, formerly a member of Testronic's management board, brings a wealth of experience in global QA operations to his new role. His primary focus will be on driving operational excellence, scalability,…
Aug. 6, 2026, 10 a.m.