Financial Results

• Game Financial Reports Round-Up: Sony, Sega Sammy, EA, Ubisoft, Rovio and More

  2 days ago News

  

  [UPDATED NOV 18TH] Numerous gaming companies and related tech outfits have been sharing their new financial reports in recent days, with the Q3 financial quarter drawing to a close at September’s close. The likes of Activision Blizzard, Tencent, Sony, Rovio, EA, Ubisoft, Facebook, Apple, Zynga, Nvidia and many others have all made public insights into their commercial fortunes, making it somewhat hard to keep up. As such, below we’ve rounded-up the key numbers from the most prominent reports. With companies in games and [...]

• Tencent Gaming Revenue Increases; Bethesda Absorbs Human Head Studios

  6 days ago News

  

  TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: Tencent gaming revenue increases; Bethesda absorbs Human Head Studios; and John Carmack to step down as Oculus CTO. Tencent gaming revenue increases Tencent has released its financial results for the third quarter of 2019, with total revenue increasing by 21% year-on-year and 9% quarter-on-quarter to reach CN¥97.24bn (£10.78bn). A strong performance from the company’s smartphone gaming division, including the release of Call of Duty Mobile, has been cited [...]

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• Sony Appoints Hermen Hulst as Head of Worldwide Studios; Activision Blizzard Revenue Falls 15%

  2 weeks ago News

  

  TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: Sony appoints Hermen Hulst as head of Worldwide Studios; Activision Blizzard revenue falls 15%; and Valve seemingly working on cloud gaming service. Sony appoints Hermen Hulst as head of Worldwide Studios Sony Interactive Entertainment (SIE) has appointed Hermen Hulst as head of Worldwide Studios (WWS), effective immediately. Hulst, who co-founded the successful Guerrilla studio that sold to Sony in 2005, will now oversee the 14 studios which comprise [...]

• G5 Games' USD$45.80 (£35.55) MAGRPPU; eFuse raises USD$1.4m (£1.1m) for esports platform

  2 weeks ago News

  

  TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: G5 Games’ USD$45.80 (£35.55) MAGRPPU; eFuse raises USD$1.4m (£1.1m) for esports platform; Supercell closing Rush Wars G5 Games reports USD$45.80 (£35.55) average monthly gross revenue per paying player Mobile publisher G5 Games saw monthly average gross revenue per paying player land at USD$45.80 (£35.55) across Q3. The figures come from the newly released interim Q3 financial report from the Stockholm-based casual gaming specialist, and demonstrate a 4% YOY climb. However, [...]

• Blizzard Criticised for Crowdfunding; AMD Targetting Consoles & Cloud Gaming

  2 weeks ago News

  

  TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: Blizzard criticised for crowdfunding; AMD targetting consoles & cloud gaming; and Team17 raises revenue expectations. Blizzard criticised for crowdfunding Blizzard has attracted criticism for ‘deceptive language’ regarding a crowdfunding campaign designed to raise funds for the prize pools for the Arena World Championship and Mythic Dungeon Invitational World of Warcraft esports tournaments. In March, Blizzard stated that the minimum combined prize pool for the tournaments would total USD$500,000 [...]

• G/O Media in Dispute with Staff Over Ads; EA Revenue Increases by 4%

  3 weeks ago News

  

  TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: G/O Media in dispute with staff over ads; EA revenue increases by 4%; and Anzu.io hires Guy Ben-dov. G/O Media in dispute with staff over ads G/O Media, the owner of gaming website Kotaku along with the Gizmodo, Deadspin and Jezebel publications, is under fire from its editorial staff following the deletion of blog posts, published on Monday (28th October), criticising the sound-on autoplay video advertising units which [...]

• MTG to Review Gaming Portfolio; 22 Million App Reviews Removed from Apple App Store

  3 weeks ago News

  

  TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: MTG to review gaming portfolio; 22 million app reviews removed from Apple App Store; and Capcom profit increases by 33.2%. MTG to review gaming portfolio Modern Times Group MTG AB (MTG) has announced that it has launched a strategic review into its gaming portfolio, which could see the firm entering a joint venture partnership for its properties, or pivot to focus solely on the esports market. As part [...]

• Ubisoft Revises 2019-2020 Targets Downwards; Google Opens First Stadia Studio

  4 weeks ago News

  

  TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: Ubisoft revises 2019-2020 targets downwards; Google opens first Stadia studio; and TSMC invests additional USD$4bn (£3.1bn) in semiconductor production. Ubisoft revises 2019-2020 targets downwards Ubisoft has substantially lowered its targets for the 2019-2020 financial year as a result of delayed releases and poor performance from its Ghost Recon Breakpoint title. Net revenue has now been revised downwards to €1.45bn (£1.25bn) from €2.185bn (£1.886bn), a reduction of 33.6%, with [...]