Featured Financial articles

MTG pursuing mergers and acquisitions despite down sales year

CEO Maria Redin says increased stake in InnoGames and acquisition of Hutch "mark the beginning of a new growth journey" for company

By Brendan Sinclair

GameStop shares spike again

The retailer's stock closed at $91, and reached a high of $185 during after-hours trading

By Marie Dealessandri

Fandom acquires digital games marketplace Fanatical

Fanatical will retain its brand, still be based in the UK

By James Batchelor

Latest Financial articles

Thunderful Group full-year revenues rise to $374m despite Q4 profit drop

Swedish publishing and distribution firm made $16.3 million net profit in 2020

By James Batchelor

Unity report shows mobile games ad revenue grew 8% in 2020

Sports games are the only genre who didn't see an ad revenue increase in 2020, impacted by the lack of real-life events

By Marie Dealessandri

Tencent takes a minority stake in Payload Studios

British dev behind TerraTech is the latest recipient of investment from the Chinese giant

Interactive Entertainment Law Group expands into South America with merger

Deal with Colombian law firm Bedoya & Visbal Abogados gives IE Law regional strength in South America's games industry

Miniclip buys Green Horse Games

Romanian studio behind Football Rivals acquired by Miniclip for an undisclosed sum

Ironsource acquires Luna Labs

Israeli firm buys the creative management platform for an undisclosed sum

Paradox reports best year ever in 2020

The Swedish firm reported record growth despite having to cancel and postpone several projects

By Marie Dealessandri

VSPN reportedly considering IPO

The initial public offering could raise "several hundred million dollars" this year

By Marie Dealessandri

Here's why Glu is an excellent strategic fit for EA

GameRefinery's Wilhelm Voutilainen explains how EA's $2.1 billion acquisition of Glu Mobile fills some notable gaps in its product portfolio

By Wilhelm Voutilainen

Huuuge Inc. now listed on the Warsaw Stock Exchange

IPO valued at $442m, with $150m in gross proceeds for further growth and potential acquisitions

'LinkedIn for gamers' Efuse raises $6m

Funds came from the Ohio Innovation Fund as well as NFL and NBA athletes

By Marie Dealessandri

Omaken Sports forms "Nordic powerhouse of esports" with Heroic acquisition

Norwegian firm raised €15 million to fund deal and its future development plans

By Matthew Handrahan

WallStreetBets agitator Keith Gill faces class action lawsuit over Gamestop Reddit Rally

YouTuber known as Roaring Kitty accused of "deceitful and manipulative conduct"

By Haydn Taylor

Instant mobile game platform Artie raises $10m seed fund

Backed by Zynga and YouTube founders, Artie aims to change the way mobile games are distributed and played

By Haydn Taylor

Striker VR raises $4 million for VR gun peripheral

The Arena Infinity targets location-based VR but the company is working on a version for the consumer market too

By Marie Dealessandri

Netmarble doubles full-year profits for 2020

Marvel Contest of Champions publisher reports revenue up 14% for the year

By Brendan Sinclair

Zynga still in the market for more acquisitions

President of publishing Bernard Kim says Zynga is more concerned with culture than cost of acquisitions, addresses forecast of continued losses

By Brendan Sinclair

Supercell posts solid profits, despite fifth straight year of revenue decline

Finnish gaming giant's philosophy of “slow growth” still brings in €1.30 billion revenue and €407 million profit for 2020

By Haydn Taylor

Colossi Games raises $2.5m in funding

Funding will go towards the development of its first title, a social survival game set in Ancient Rome

By Marie Dealessandri

Starbreeze losses shrink to $15.8m as Payday continues to grow

"Starbreeze is a much stronger company today than it was one year ago," acting CEO Tobias Sjögren said

By Marie Dealessandri

Record year for Remedy despite no new game releases

Ongoing success of Control boosts Finnish developer as it ramps up work on next game and two Epic-funded projects

By James Batchelor

US regulations reportedly prevented GameStop from cashing in on share surge

Sources claim retailer could not raise money through stock sale until it presents upcoming earnings

By James Batchelor

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