News
Remedy revenue drops 22.2% to €33.9 million in 2023
Developer attributed decline to "increased investments" in projects including Control 2 and Max Payne remakes
Financials
News
Capcom increasing all salaries by around 5%, 28% rise for new graduate hires
5% average increase will be implemented in Fiscal 2024, while higher starting salary will come into effect the following year
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NetEase revenue rises 7.2% to $14.6bn in 2023
Publisher's games segment saw a 9.4% increase due to success of mobile titles
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Unity revenue rises 57% to $2.1 billion in 2023
Engine provider's full-year net loss narrows to $826.3 million
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Suicide Squad failed to meet Warner expectations
CFO says "games business up for a tough year" compared to same period in 2023
News
Thunderful CEO says restructure is "off to a good start" as it reports full-year loss of $60m
Decline in distribution business partly driven by weaker sales for Switch hardware in Nordic region
News
Bandai Namco's Q3 revenue rose 3.9% to $5.1bn
Publisher attributed drop in profits to comparison with Elden Ring launch, confirmed five titles have been cancelled
News
Payday 3 returns Starbreeze to profitability despite "significantly lower" than expected sales
CEO Tobias Sjögren remains optimistic about turnaround as game's development team focuses on improvements
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Embracer CEO says layoffs are "something that everyone needs to get through"
Lars Wingefors also addressed the company's contribution to overinvestment that led to this situation
News
Sony seeking growth by bringing more first-party games to other platforms
President and COO says it could help improve PlayStation's operating profit
News
Embracer restructuring nears "final stretch" but unlikely to reach net debt target by March
Company reports all-time high Q3 sales, prepares potential divestments to reduce debt
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Maximum Entertainment merges six games divisions under parent brand
Company unifies publishers Maximum Games, Modus Games, Just For Games, and Merge Games, as well as developer Modus Studios, under one roof
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Supercell revenue drops 4.2% to €1.7bn in 2023
Mobile developer contributed €110 million to the Finnish economy last year
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PlayStation generates $9.6 billion in holiday quarter, but expects hardware decline in 2024
Sony president Hiroki Totoki says no major franchise launches for PS5 until April 2025
News
Nexon's revenue grew by 20% in 2023
The publisher attributed its record-breaking revenue in part to the releases of Dave the Diver and The Finals
News
Sega revenues rise to $2.7bn
But profit within its Entertainment Contents segment declines due to weak game sales
Feature
Take-Two cutting costs again as Q3 sales dip 3%
Zelnick says this year's cost-cutting will be "more robust" than last year's; publisher beats guidance despite softness in NBA 2K24 sales
News
Q3 bookings boost makes Ubisoft confident of record year
Publisher expects Prince of Persia and Skull and Bones to deliver a sharp increase in bookings in Q4
News
Krafton gets a 3% sales bump in 2023
Battlegrounds Mobile India generated the largest monthly sales in December for the publisher
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Stoke Games raises $5.5m for "shooter-adjacent" PvP game
Remote studio from ex-League of Legends and Multiversus developers exploring a "slower-tempo" game with strategic focus
News
Roblox continues to grow revenues, deepen losses
UGC platform expects more of the same in 2024, losing as much as $1.4 billion on revenues as high as $3.4 billion
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Nintendo profits rise to $2.7bn despite Switch sales slowdown
Platform holder says console sales revenue for the nine months ended in December “in line with expectations,” raises full-year sales forecasts
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Square Enix sales almost flat through first nine months of fiscal year
The publisher's HD Games segment saw a 15% revenue increase as it launched multiple titles during the period
News
Konami raises forecasts as profits rise 53% to $427m
Publisher boosted by launch of Metal Gear Solid and Japan-only hit Momotaro Dentetsu World
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Mountaintop raises another $30 million
Start-up studio brings influencer investors on board as it gets closer to announcing its debut tactical shooter