TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Leaf Mobile in company-record quarter; VR headset sales to reach 6.4 million in 2020; and Yoplait to sponsor LDN UTD. Leaf Mobile in company-record quarter Vancouver-based Leaf Mobile, a studio which specialises in “counter-culture” themed titles, has announced company-record revenue of CAD$11.1m (£6.41m) over the third quarter ended 30th September 2020, marking the third consecutive quarter of growth for the firm. During the three months Leaf posted a [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Saudi Crown Prince leads to become largest SNK shareholder; 2UP receives USD$2.8m (£2.1m) from Supercell; and CD Projekt net profit climbs by 57%. Saudi Crown Prince to become largest SNK shareholder Saudi Crown Prince Mohamed bin Salman is set to become the leading shareholder in publicly-listed South Korean software and hardware developer SNK Corporation through the Electronic Gaming Development Company (EGDC) firm held by the Mohamed bin Salman [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Roblox files to go public; Skilz revenue up 92%; and NetEase online game revenues reach CN¥13.9bn (£1.60bn). Roblox files to go public Roblox Corporation has filed its S-1 registration documents with the US Securities and Exchange Commission ahead of its prospective initial public offering (IPO) on the New York Stock Exchange under the ticker RBLX. While the California-based video game platform has not disclosed how much it will [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Apple halves IAP commission for smaller developers; Gunzilla Games launches; and Nvidia gaming revenue reaches record USD$2.27bn (£1.71bn). Apple halves IAP commission for smaller developers Technology giant Apple has announced that it will halve the commission rate it charges for in-app purchases (IAPs) made through its App Store to 15% for developers earning up to USD$1m (£753,000) per year on a post-commission basis. The reduced tariffs will be [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Unity revenue climbs by 53.3%; Statespace raises USD$29m (£22m); and Tencent gaming revenue up 45%. Unity revenue climbs by 53.3% Unity Software Inc. has announced its financial results for the third quarter ended 30th September 2020, in which it completed its USD$1.3bn (£987m) IPO on the New York Stock Exchange, disclosing that revenue climbed by 53.3% year-over-year to USD$200.8m (£152.5m). The earnings rise was driven by several titles [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: PUBG Corp. to invest USD$100m (£75.5m) in India; Corsair acquires Gamer Sensei; and Hector Rodriguez re-acquires OpTic Gaming. PUBG Corp. to invest USD$100m (£75.5m) in India PUBG Corporation has announced that its PUBG Mobile title is set to return to the lucrative Indian market, two months after it terminated the publishing contract brokered with Shenzhen-based conglomerate Tencent Holdings following a swathe of app bans imposed by the national [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Nexon posts company-record Q3; Fnatic secures USD$10m (£7.6m); and Tommy Tallarico settles Roblox copyright dispute. Nexon posts company-record Q3 Tokyo-based online games studio Nexon has announced company-record revenue of JP¥79.4bn (£571m), a year-over-year increase of 52%, for the third quarter of its financial year ended 30th September 2020. The growth was driven by the strong performance of its mobile portfolio, which saw growth of 140% over 2019 and [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: EA revenue down 14%; Take-Two raises full-year forecast; Sega reports 33% sales drop and sells arcade division. EA revenue down 14% Electronic Arts (EA) has reported total net revenue of USD$1.151bn (£881.8m) for the second quarter ended 30th September 2020 of its 2020-2021 financial year, which represents a decline of 14% from the same period last year. Growth of 13.2% was seen across the Californian firm’s live services [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Tencent leads USD$25m (£19m) Lockwood Publishing round; Nintendo profit rockets by 209%; and Zynga posts record quarterly revenue. Tencent leads USD$25m (£19m) Lockwood Publishing round Lockwood Publishing, best known for its social virtual world title Avakin Life, has announced that it has secured USD$25m (£19m) in a Series A funding round led by Chinese technology conglomerate Tencent Holdings. The tranche was supported by a range of existing investors [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Activision Blizzard revenue surges by 52%; Stillfront Group acquires Everguild; and Gfinity exploring acquisitions or sale. Activision Blizzard revenue surges by 52% Activision Blizzard has released its financial results for the third quarter of 2020, disclosing a surge in revenue to USD$1.954bn (£1.507bn), which represents a year-over-year increase of 52.4%. Net income for the Santa Monica-based developer-publisher increase more rapidly still, up 196% to USD$604m (£466m). The uplift [...]