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Featured Financial articles

Sony's quarterly game revenues rise to $10.8bn as PS5 sales pass 13m

Hardware sales rise 287% year-on-year to $1.4 billion

By Marie Dealessandri

Xbox hardware revenues up 166% as Microsoft continues to battle supply constraints

Declining third-party game sales limits growth for Xbox content and services, but overall gaming revenues on the rise

By James Batchelor

NetEase acquires Grasshopper Manufacture

The deal was signed in May 2021

By Marie Dealessandri

Latest Financial articles

Resetera sold for $4.5 million

The gaming forum was acquired by MOBA Network

By Marie Dealessandri

IO Interactive reports record-breaking year driven by Hitman 3

Studio generated $78 million in profit, a 136% increase on the previous year

By Danielle Partis

Magic Leap raises $500m, unveils Magic Leap 2

Company valued at $2 billion, second generation of AR headset expected in 2022

By James Batchelor

Post-pandemic games investment must go beyond "fishing in the same pond"

Cassia Curran, Parin Shah and Agostino Simonetta reflect on the COVID-19 pandemic's impact on the investment landscape

By Marie Dealessandri

My.Games VC invests in three studios

The combined investment amounted to around $3 million

By Marie Dealessandri

Apple estimated to earn more from gaming than Sony, Microsoft and Nintendo

Analysis suggests games generated $8.5 billion for App Store in fiscal 2019 alone

By James Batchelor

Misfits Gaming Group secures $35m investment

Media brand Scripps leads investment into global esports organisation

By James Batchelor

Mobile Premier League raises $150 million

The India-based mobile esports company is valued at $2.3 billion

By Marie Dealessandri

Team17 reports record revenues of 40.1m in H1

Profit before tax hits 14 million, net cash up 32% to 66.6 million

By Danielle Partis

Pitfalls to avoid when looking for funding

1047 Games' Ian Proulx explores how to narrow down prospects, remove confusion, and speed up the funding process

By Ian Proulx

Azerion acquires digital advertising company Sublime

With this acquisition, the games monetisation platform aims at strengthening its offering across Europe

Odeeo raises $1m for "non-disruptive" ads for mobile games

The company's audio ads aim to avoid disrupting gameplay

By Marie Dealessandri

Multiscription raises €800,000

Latest funding round will go towards growing its subscription platform for free-to-play games

By Marie Dealessandri

Video games projects raised $13m on Kickstarter during H1 2021

184 video games projects reached their goal, versus 168 last year

By Marie Dealessandri

Starbreeze net sales up in Q2, but losses increase 832% year-over-year

EBITDA takes a huge hit due to “one-off effects” of licensing deal with Popreach

By Danielle Partis

Biomutant's 1m sales and Gearbox, Easybrain acquisitions drive Embracer sales to $389m

Group now has 180 titles in development, expects growth to ramp up in second half of fiscal year

By James Batchelor

Embracer's next three acquisitions are Demiurge Studios, Fractured Byte and SmartPhone Labs

All three purchased through Saber Interactive, adds over 200 more staff to growing development empire

By James Batchelor

People Can Fly suggests Outriders hasn't made a profit

Studio has yet to receive royalties from Square Enix, despite publisher hailing launch as start of "next major franchise"

By James Batchelor

XR Games raises 1.5 million

Leeds-based developer is to grow its team with 20 new hires, and develop its own IP

By Marie Dealessandri

Control continues boosting Remedy's financials

The title has now reached 10 million players since launch

By Marie Dealessandri

Rovio acquires hypercasual studio Ruby Games

The Turkish developer made $7.8 million in revenue from January to June 2021

By Marie Dealessandri

Keywords acquires art studio AMC

The Bucharest-based firm specialises in art assets for companies such as Activision, 2K, and CD Projekt Red

By Marie Dealessandri

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