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Krafton Experiences 2% Decline in Sales for H1 2023
Krafton, the publisher of PUBG, has reported a 2% year-over-year decrease in its H1 2023 earnings, with consumer spending amounting to $704 million. Key highlights from the quarterly financial earnings include: - Sales of $704 million (925.7 billion KRW), representing a 2% year-over-year decline - Operating profit of $315 million (414.5 billion KRW), marking a 14% year-over-year decrease …
Aug. 9, 2023, 3:19 p.m.
News
Roblox Sets Sights on One Billion Daily Users
Roblox has released its financial results for the quarter ending June 30, indicating continued revenue growth, albeit at the expense of its bottom line. Key highlights include: - Revenue increase of 15% to $681 million - Bookings rise by 22% to $781 million - Net losses amount to $285 million, up from $179 million in the same quarter last year Roblox's daily active users (DAU) for th…
Aug. 9, 2023, 2:46 p.m.
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Jen MacLean from Xbox Set to Keynote at PAX Investment Summit
The GamesIndustry.biz Investment Summit at PAX has added Xbox's Jen MacLean to its lineup of speakers. The event is scheduled for Thursday, August 31st, at the Seattle Convention Center, with tickets currently available for purchase. MacLean, who oversees partnerships with third-party game studios at Xbox, will engage in a fireside chat to share her insights on the current market, Xbox's expectat…
Aug. 9, 2023, 1:41 p.m.
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Acid Wizard Studio Takes Indefinite Break
Acid Wizard Studio has revealed plans to take an indefinite hiatus due to an unsustainable work environment. The Darkwood developer announced the news on social media, stating that creating a healthy work-life balance has proven elusive. Before stepping back, the studio intends to finalize its latest update for the 2017 survival horror game. Prioritizing family well-being, the team mentioned the …
Aug. 9, 2023, 1:14 p.m.
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PlayStation Sees 27% Year-over-Year Sales Increase in Q1
Sony has announced its financial results for the quarter ending June 30, 2023, with its film division contributing to a decline in income, while the strong performance of PlayStation drives sales growth. Key financial highlights include: - Revenue: Up 33% to ¥2.96 trillion ($20.6 billion) - Net income: Down 17% to ¥217 billion ($1.51 billion) - Game and network services revenue: Up 27% to ¥771 …
Aug. 9, 2023, 11:30 a.m.
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Refurbished Steam Decks Now Available for Purchase from Valve
Valve has introduced the sale of pre-owned Steam Deck consoles that have undergone rigorous quality control. According to the company, every refurbished handheld device has been meticulously tested to ensure optimal performance. "Our refurbished units not only meet but often surpass the standards of brand-new retail consoles. While they might exhibit minor aesthetic imperfections, these devices…
Aug. 8, 2023, 8:59 p.m.
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Evo 2023 Attracts Over 9,000 Competitors from Around the Globe
The 2023 Evolution Championship Series, held in Las Vegas, Nevada, from August 4 to August 6, saw a record-breaking 9,182 registered players from 71 countries. Street Fighter 6, developed by Capcom, was the most popular game at the event, with 7,081 players competing in its tournament. According to Rick Thiher, Evo's general manager, this year's event marked a significant milestone, solidifying E…
Aug. 8, 2023, 8:04 p.m.
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Embracer Announces Closure of Campfire Cabal Studio
Game publisher Embracer is set to close Campfire Cabal, a studio it established nearly a year ago, as part of its broader business restructuring plan. The decision, according to the studio, is based solely on financial factors and does not reflect on the quality of work being done. Campfire Cabal has assured that its team and management remain committed to finding a resolution, with support from …
Aug. 8, 2023, 2:46 p.m.
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Dark and Darker Secures New Publishing Partner
Ironmace Games, the developer behind Dark and Darker, has partnered with Chaf Games for publishing. Following a report by Eurogamer, the RPG is now available in early access on Chaf Games' digital platform. This development comes after the game was removed from Steam due to an ongoing legal issue with Nexon. The controversy started in February when Ironmace denied allegations of code theft, which…
Aug. 8, 2023, 2:12 p.m.
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Last Chance to Enter the US Best Places To Work Awards
The countdown begins for US video game companies to participate in the GamesIndustry.biz Best Places To Work Awards 2023, with only a month left to submit entries. The US deadline is set for Friday, September 8th, while UK companies have until Friday, September 25th, and Canadian participants have until Friday, September 22nd. The US winners will be unveiled on Thursday, October 5th through a dig…
Aug. 8, 2023, 2:06 p.m.