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Square Enix Sees Slight Dip in Sales to $1.1 Billion, Yet Profits Soar
Square Enix has unveiled its financial results for the first half of the year, revealing a modest decline in sales but a significant improvement in overall profitability. For the six-month period ending September 30th, the company reported net sales of ¥163.4 billion ($1.1 billion) and a profit of ¥39.5 billion ($269.9 million) attributable to the owners of the parent company. Key financial highl…
Nov. 8, 2022, 1:21 p.m.
News
Nintendo Sees $4.4 Billion in H1 Sales Amidst Hardware Decline
Nintendo's latest earnings report for the first half of the fiscal year, ending September 30, 2022, reveals an increase in sales and operating profit, albeit with a decline in hardware sales. Key figures include: Net sales of ¥656.9 billion ($4.4 billion), representing a 5.2% year-over-year increase, Operating profit of ¥220.3 billion ($1.5 billion), up 0.5%, and Ordinary profit of ¥322.4 billion…
Nov. 8, 2022, 12:54 p.m.
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Modern Warfare 2 Achieves $1 Billion Milestone at Record Pace
- In a historic feat, Modern Warfare 2 has generated over $1 billion in revenue within its first ten days of release, setting a new benchmark for the franchise - The previous record was held by Black Ops 2, which reached $1 billion in 15 days back in 2012 - Since its launch, the game has accumulated an impressive 200 million hours of gameplay and over one billion matches in multiplayer mode - …
Nov. 8, 2022, 11:55 a.m.
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EA Abandons Project CARS Series
Electronic Arts has decided to discontinue the Project CARS series, as reported by GamesIndustry.biz. The series, which was developed by Slightly Mad Studios and first launched in 2015, will no longer receive further development or investment from EA. The decision was made after evaluating the series' potential following EA's acquisition of Codemasters. As a result, staff working on Project CARS …
Nov. 8, 2022, 11 a.m.
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Nintendo and DeNA Launch Joint Venture, Nintendo Systems
In summary: Nintendo and DeNA are establishing a new joint venture, Nintendo Systems, a subsidiary focused on research, development, and value-added digital services. The company, set to begin operations in April 2023 in Tokyo, aims to bolster Nintendo's digital business. Nintendo Systems is an extension of the seven-year partnership between Nintendo and DeNA, which has led to the co-development …
Nov. 8, 2022, 9:19 a.m.
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Activision Blizzard's Q3 Results Boosted by Diablo Immortal's China Launch
Activision Blizzard has released its Q3 earnings report, which shows that the launch of Diablo Immortal in China has helped mitigate the company's overall decline. Key figures include: $1.78 billion in revenue (a 14% year-on-year decrease), $1.83 billion in bookings (a 3% decline), and $435 million in net income (a 32% decrease). Monthly active users stood at 368 million, representing a 6% year-o…
Nov. 7, 2022, 10:29 p.m.
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Take-Two Experiences Deeper Losses Than Anticipated
Take-Two Interactive has released its quarterly earnings report, revealing a net loss of $257 million for the three months ending September 30. This loss exceeds the company's forecasted range of $144 million to $160 million. The report highlights a 62% year-over-year increase in revenue to $1.4 billion and a 53% year-over-year increase in bookings to $1.5 billion. However, the company has downgr…
Nov. 7, 2022, 10:06 p.m.
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Remedy Sees 7% Revenue Growth Despite Alan Wake's Disappointing Performance
Remedy has unveiled its financial report for the quarter ending September 30, 2022, showcasing a revenue increase, albeit with a notable decline in operating profit. The key figures include: Q2 revenue of €7.9 million, representing a 7% year-on-year increase, Q2 operating profit resulting in a €3.0 million loss, down from €0.2 million in 2021, and Q2 net income of €57.5 million, marking a 0.3% ye…
Nov. 7, 2022, 12:39 p.m.
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Unity Completes Merger with IronSource, Reaffirms Commitment to Game Developers
The acquisition of IronSource by Unity is now complete, as announced by Unity CEO John Riccitiello in a recent blog post. This integration will incorporate IronSource's products, which focus on mobile app monetization and advertising, into the Unity platform. The merger is the latest in a series of expansions by Unity, following the acquisitions of Ziva Dynamics, Pixyz Software, SpeedTree, Parsec…
Nov. 7, 2022, 12:11 p.m.
News
Japan Sees Significant Growth in PC Gaming Market Over Four Years
Key highlights include: - Japan's PC gaming market reached $868 million in 2021, nearly doubling its 2018 value - The number of Japanese PC gamers has risen to 16 million, up from 11 million in 2015 - Approximately 4.5 million gamers exclusively play on PC, a significant increase from 2.2 million in 2015 A recent report sheds light on the substantial growth of Japan's PC gaming market, with bo…
Nov. 7, 2022, 10:27 a.m.