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Take-Two CEO Criticizes Major Companies for Undermining E3
Take-Two Interactive has historically been a strong advocate for E3, consistently reserving corporate booth space even in years without major game releases. Recently, CEO Strauss Zelnick shared his thoughts on the company's stance on E3 following the cancellation of the 2023 event. Zelnick acknowledged that E3 has served a vital purpose as a platform for media, investors, distribution partners, a…
May 18, 2023, 2:08 p.m.
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New IPs to Make Up Nearly Half of Take-Two's Upcoming Releases
Take-Two Interactive has provided further details on its upcoming lineup, with nearly half of its releases set to be new IPs. The company has a total of 36 titles planned for fiscal years 2025 and 2026, in addition to 12 games slated for release in the current fiscal year. In a recent earnings call, CEO Strauss Zelnick stated that the company's pipeline has been in development for some time and e…
May 18, 2023, 10:24 a.m.
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Take-Two Posts Higher Sales but Deeper Losses in Q4
Take-Two Interactive has released its financial results for Q4 and the full year, showcasing significant top-line growth driven by the Zynga acquisition, despite continued losses. Key highlights include a 53% increase in net revenue to $5.35 billion and a 55% rise in net bookings to $5.28 billion, with net losses reaching $1.12 billion. The company's Q4 performance was driven by popular titles su…
May 17, 2023, 8:28 p.m.
News
BlizzCon 2023 Scheduled for November
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May 17, 2023, 7:24 p.m.
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App Store Spending in 2022 Dominated by Mobile Games
According to Data.ai's State of App Revenue 2023 report, mobile gaming accounted for $110 billion of the total $167 billion spent on the App Store in 2022. The revenue breakdown was divided among 50% from iOS, 27% from Google Play, and 23% from third-party stores in China. In-app purchases made up nearly all of mobile game revenue, at 98%. Candy Crush Saga ranked among top-grossing apps in the US…
May 17, 2023, 6:29 p.m.
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Game Investments Plummet to Four-Year Low in Q1
Despite 2022 being the second-highest year for investments, mergers, and acquisitions in the gaming sector, 2023 has begun on a subdued note, according to a report by Digital Development Management (DDM). The total investment in the gaming industry for Q1 2023 was $755 million, marking a 41% decline from Q4 2022 and a 78% drop from the same quarter last year. This represents the lowest quarterly …
May 17, 2023, 4:01 p.m.
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Sony to Reveal Forthcoming PlayStation Lineup in Upcoming Showcase
Sony has confirmed that it will be hosting an online PlayStation Showcase, scheduled to take place the following week, which will unveil a range of upcoming games for its platforms. As per the official PlayStation Blog, the event is set to occur on Wednesday, May 24, at 1pm PT / 4pm ET / 9pm UK. The presentation promises to deliver a host of exciting announcements, featuring new titles not only …
May 17, 2023, 3:16 p.m.
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April Sees 5% Decline in US Gaming Spending
In April, the US gaming market experienced a 5% year-over-year decrease in consumer spending, reaching $4.1 billion. Circana's latest data reveals that software sales totaled $3.6 billion, representing a 6% decline from the previous year. Conversely, hardware sales saw a 7% increase, generating $367 million in revenue. The PlayStation 5 was the top-selling platform in terms of dollar sales, while…
May 17, 2023, 3:14 p.m.
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The Legend of Zelda: Tears of the Kingdom Achieves Record-Breaking Sales
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May 17, 2023, 1:27 p.m.
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Valve to Discontinue Use of Google Analytics on Steam
Valve has announced that it will no longer utilize Google Analytics on Steam. The decision was made public in a recent blog post, where the company stated that Google's tracking solutions do not align with its approach to customer privacy. Instead, Valve will focus on developing its internal analytics tools. This move comes as Google's Universal Analytics is set to be phased out in July, with Goo…
May 17, 2023, 11:04 a.m.