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SF6 and RE4 continue to drive Capcom results
Revenues are up 33% through the first nine months of the company's fiscal year
Financials (Page 2)
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Xbox revenues up 49% following Activision Blizzard acquisition
Microsoft's Q2 results show initial impact of $68.7 billion deal, including record monthly active users
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EA Sports FC 24 beats expectations, leads EA to Q3 growth
Football series grew 7% for the quarter despite rebrand as EA sees profits jump 42%
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Focus Entertainment's Q3 revenue dips 43% and it announces a rebrand
The games firm will become Pullup Entertainment on April 1
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Build A Rocket Boy lands $110 million in funding
Leslie Benzies' studio will put the money toward three "flagship" products: Everywhere, AAA franchise MindsEye, and UGC tool Arcadia
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Tencent slashed investments in 2023
World's largest gaming company only made 39 deals last year, compared to 299 in 2021
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Nintendo shares hit record high due to Switch 2 anticipation, Saudi investment speculation
Platform holder's rise contributed to Nikkei Stock Average's highest point since 1990
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Newzoo maintains 2023 market value prediction at $184bn
The data firm also revealed that NBA 2K24 was the highest revenue earner on PC and console in the US and UK
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Embracer extends credit and loan agreements amid ongoing restructure
Company has agreed to pay $254.1 million to banks by January 2025 as it continues to decrease its debt
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GameStop posts lower sales, reduced losses
Retailer sees sales slump across the board, but narrows losses from $92.6 million in the year-ago quarter to $3.1 million
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TinyBuild lowers revenue forecasts, settles legal dispute with Versus Evil
Update: Reports claim up to 30% of staff laid off across three studios
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Sega says Sonic Superstars sales "weaker than expected"
The company noted the impact of Super Mario Bros Wonder's release
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Frontier reduces revenue targets, refocusing on sims
Decision follows lower-than-expected sales of Warhammer: Age of Sigmar - Realms of Ruin
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Bandai Namco invests in Flickplay and Code Charm
The company also took a stake in anti-toxicity platform GGWP last month
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How is the UK's Video Games Tax Relief changing next year?
Following last week's Autumn Statement, the industry has a clearer idea of what the transition to Video Games Tax Expenditure means for games companies
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Starbreeze revenue rises 42.9% to $46.6m in Q3
Publisher says Payday 3 has already recouped Starbreeze's investment since September launch
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Embracer debt reduced to $1.4 billion as restructure continues
Group says it has laid off 904 people since the process began
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Thunderful H1 revenue gets a 4% bump
CEO talks of "mixed results" for Q3 but distribution revenue increases due to ongoing Tears of the Kingdom sales and a continued effect from the Mario movie
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Newzoo lowers 2023 games market value forecast to $184bn
But data firm expects industry to remain stable at 0.6% growth following last year's 4% decline
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Unity announces layoffs despite increased revenue and reduced losses
Revenue rose 69% during Q3 2023 to $544 million
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Warner Bros to expand its game IPs to live service and free-to-play
Q3 earnings reveal that Mortal Kombat 1 has sold nearly 3 million units
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PlayStation 5 shipped 4.9m units during Q2 2023
PlayStation sales up 32% to $6.31 billion this quarter
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Take-Two losses deepen to $543.6m in latest quarter
But CEO Strauss Zelnick remains optimistic, tells GamesIndustry.biz the publisher is "firing on all cylinders"
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Sega raises forecasts after strong H1
Pachislot helps offset weaker-than-expected performance from video game sales and structural reform losses
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Roblox revenue sees a 38% bump in Q3
Games firm boasted a daily active user count of 70 million during the quarter