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8th July 2021

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Featured Financial articles

Bandai Namco revenues reach $6.8bn in pandemic year

The Japanese firm's amusement facilities business struggled, but home video games sales increased 19.2% year-on-year

By Marie Dealessandri

Mobile drives Konami full-year revenues to $2.48bn

But publisher still calculating forecasts for the year ahead in face of pandemic uncertainty

By Danielle Partis

Gigabyte shares drops after dig at "low quality" Chinese manufacturers

Gaming hardware firm apologises as it loses more than $550 million in market value

By James Batchelor

Latest Financial articles

Unity reports strong Q1 2021, but losses widen

The company said $234.8m revenue exceeded expectations, but loss from operations represented $110.9m

By Marie Dealessandri

CEO says Paradox "can do better" as Q1 profits plummet

"We are not satisfied with the quarter," CEO Ebba Ljungerud said

By Marie Dealessandri

Starbreeze's Q1 losses shrink 95% to $505,000

New CEO Tobias Sjögren says "the road ahead is clear" as Payday 3 is fully funded

By James Batchelor

Capcom reports fourth consecutive year of record high profits

Publisher's ongoing success driven by Monster Hunter Rise and Resident Evil 3

By James Batchelor

Epic reportedly offered $200m to Sony for PlayStation exclusives

The firm also reportedly started discussions with Microsoft and noted that securing first-party Nintendo games would be a "moonshot"

By Marie Dealessandri

Metacore secures €150m credit line from Supercell

The funding will go towards growing the Merge Mansion developer's team and expand its operations

By Marie Dealessandri

Tencent in talks with US Committee to retain Epic and Riot stakes

The CFIUS is investigating whether user data handled by the two studios could constitute a "national security risk" because they are Chinese-owned

By Marie Dealessandri

Nintendo reports record full-year profits as Switch nears 85m units sold

And, despite forecasting decline, the platform holder expects console to beat Wii's 101 million lifetime sales this year

By James Batchelor

Australia introduces tax break for games

The 30% tax relief is the first ever federal tax incentive for the Australian games industry

By Marie Dealessandri

Carry1st raises $6m in Series A funding round

The money will go towards scaling mobile games in Africa

By Danielle Partis

Fortnite made $9bn in two years

Epic Games' battle royale made $5.4bn in 2018 and $3.7bn in 2019, court documents from the Epic vs Apple trial showed

By Marie Dealessandri

Riot Games contributes $1m to Wings fund

"Creating necessary change in the games industry [is] only possible through the right partnerships," Riot said

By Marie Dealessandri

Gfinity acquires Fortnite fan site

The esports company will leverage Drawnite.com to expand its publishing platform, Gfinity Digital Media

MTG loses money in Q1 despite greater revenues

ESL Gaming parent company doesn't expect a significant return to live esports events until 2022

By Brendan Sinclair

Gaggle Studios raises $2m

The studio's debut title, Goose Goose Duck, will be launching in Early Access today

By Marie Dealessandri

Activision Blizzard CEO Bobby Kotick takes 50% pay cut

Kotick's base salary and target bonuses will be halved

By Danielle Partis

PlayStation revenues near $25bn as PS5 ships 7.8m in five months

Sony's gaming segment drives full-year revenues to $81.7 billion

By James Batchelor

Games developers invited to apply for UK Global Screen Fund from May

First stage of £7 million government fund will focus on feature films and animation

By James Batchelor

People Can Fly acquires Phosphor Studios

The studio will become People Can Fly Chicago and strengthen the Polish developer's presence in the US

By Marie Dealessandri

Mighty Kingdom launches $18m IPO

Australian studio has an implied market capitalisation of $46 million

By Danielle Partis

Multiverse raises $17m to fuel hybrid gaming platform

Funding will help the company expand its digital platform and content offering

By Danielle Partis

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