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Following sale of Western devs, Square Enix wants to acquire and establish new studios

The Japanese company also shared its ambition to accelerate investment in blockchain, AI, and the cloud

By Marie Dealessandri

Sega's COVID recovery continues as sales rise 15.6% to $2.5bn

Publisher confirms third Sonic movie, expects 13 million game sales this year, and says 'Super Games' will arrive in 2026

By James Batchelor

Strong year for Square Enix as Final Fantasy 14 offsets non-MMO game decline

The company's Digital Entertainment category saw a 6% increase in net sales to $2.1 billion

By Marie Dealessandri

Latest Financial articles

Yu-Gi-Oh drives record year for Konami with profits up 25% to $626m

Publisher generated $2.3 billion in revenue, expects further growth across the board next year

By James Batchelor

Ubisoft has "everything we need to remain independent," says CEO

CFO skirts around NFT question but says future tech will provide "very meaningful value propositions for players"

By Marie Dealessandri

Resident Evil Village drives Capcom to fifth year of record profits

Publisher reports net sales of $846.3 million, sold a record number of games at 36.2 million

By James Batchelor

Bandai Namco's profit rose almost 50% in FY2022

Sales were also on the rise, up 20% to $6.8 billion

By Marie Dealessandri

Roblox Q1 revenues rise to $537.1m

But bookings dipped 3% to $631.2 million

By James Batchelor

Unity Q1 2022 revenue up 36% to $320m

But guidance for Q2 and full financial year has been lowered

By Marie Dealessandri

Nintendo sales dip 3.6% to $13.1bn due to semiconductor shortage

Profits remained flat at $3.7 billion, platform holder announces 10-1 stock split

By James Batchelor

PlayStation sales rise slightly to $20.7bn as PS5 nears 20m shipments

Sony's new gen console shipped 11.5 million units during FY2021

By Marie Dealessandri

Rovio sees 26% increase in group revenues to €85m

Mobile firm sees another record rise in earnings driven by Angry Birds franchise

By Danielle Partis

Revenues up 6% to $3.74bn in Xbox's best non-holiday quarter to date

Content and services, including Xbox Game Pass, grew 4% to 3.02 billion, but fell short of expectations

By James Batchelor

Women and over 50s show biggest UK games spending increase since 2019

Barclays transaction data study also shows average games purchase is 15.11

By James Batchelor

Mobile studio Spoilz Games raises $693,000

The funds will go towards expanding the Riyadh-based studio's portfolio

By Marie Dealessandri

Coherence raises $8 million for its multiplayer tech

The funding round was led by Griffin Gaming Partners

By Marie Dealessandri

Cocos Technology raises $50 million to further its open-source game engine

Funds to go towards improving the technology behind Cocos Creator, as well as advance its use beyond games

By Marie Dealessandri

Epic raises $2bn from Sony and Lego investors

Funds to go towards "the company's vision to build the metaverse"

By Marie Dealessandri

Take-Two selling $2.7bn senior notes to fund Zynga acquisition

Public offering to be made next week, publisher aiming to complete acquisition by January 9, 2023

By James Batchelor

Legendary Play raises $4m for esports-themed mobile titles

The funding round was co-led by Bitkraft Ventures and MTG

By Marie Dealessandri

Thunderful Group full-year revenues up to $345m

Company sees another yearly uptick in earnings, net profit in Q4 hits $5 million

By Danielle Partis

Crown prince of Saudi Arabia's foundation now has a 96% stake in SNK

Purchase follows after organization's 2020 controlling stake of 51% for The King of Fighters maker

By Jeffrey Rousseau

Roblox CEO set to receive $232.8 million by 2028

But David Baszucki's payment will rely on him raising the company's share price to $375 in seven years

By James Batchelor

TinyBuild's post-IPO profit up 64% to $12.5m

In its first financial report since going public, the Potion Craft publisher reported growth across the board

By Marie Dealessandri

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