News
Sega raises forecasts after strong H1
Pachislot helps offset weaker-than-expected performance from video game sales and structural reform losses
Financials (Page 3)
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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
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Nintendo raises profit forecast to $2.8bn as Zelda shifts close to 20m units
Update: Super Mario Bros Wonder is officially the franchise's fastest seller at 4.3 million units in two weeks
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Square Enix's H1 sales get a 5% bump as profits plummet
The launches of Final Fantasy 16 and Final Fantasy Pixel Master boost HD Games revenue by 48%
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EA Sports FC 24 on track to beat FIFA 23
The football franchise is expected to be in the "low single-digit growth" for the year
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EA Q2 FY24 bookings boosted by Sports FC 24 launch
EA Sports franchises exceeded the company's expectations, Apex Legends down year-on-year
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Remedy posts flat revenue for Q3 2023
Sales were ever so slightly down, while Alan Wake Remastered drove an increase in royalty revenues
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Rovio Q3 revenue dips by 6%
Among the four largest titles, Angry Birds Dream Blast was the only one to see growth in its gross booking
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Ubisoft's H1 sees a 14% revenue bump
Firm says Assassin's Creed Mirage receives a solid launch with user numbers in line with Odyssey and Origins entries
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Meta's VR division revenue down 26% in Q3
The firm's net income jumped by 164%, Zuckerberg said it was a good quarter for its community and business
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Street Fighter 6 drives record H1 results for Capcom's games division
Publisher saw net sales rise 53% to $498 million, sold 22.6 million games
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Starfield and Game Pass drive record Q1 gaming revenues for Microsoft
Hardware sales drop, but Xbox expects further gaming growth following Activision acquisition
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Microsoft drops Game Pass growth target for CEO compensation
Satya Nadella's performance-based pay targets were tied to overall Xbox growth in 2023 but games division fell short
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CD Projekt Red spent over $60m to develop Phantom Liberty
Cyberpunk 2077's base game cost $130 million to develop
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Wicked Saints Studios raises $3.5m for blended-reality game
The Oregon-based studio's latest seed funding round brings overall funding to $4.6 million
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The current state of games investment
Investors and publishers discuss the biggest challenges of the past few years, and how this might change when global economic uncertainty eases
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Team17 H1 2023 revenue grew by 31%
Acquisitions of Astragon and StoryToys attributed to increased growth during the period
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Series AI raises $7.9m for AI games engine
New studio comprised of industry veterans from Google, Zynga, and Kongregate
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Rascal Games raises $4.2m for multiplayer adventure game
Game venture capital firm Patron led the funding alongside other investors
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Square Enix has lost almost $2bn in value since Final Fantasy 16 launch
Latest underperforming AAA game prompts investors to question publisher's strategy
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TIGA: Video Game Expenditure Credit offers only 0.5% more than current tax relief
Trade body warns of shortcomings and hurdles in Video Games Tax Relief replacement
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Carlyle Group reportedly considering sale of Jagex
RuneScape developer could be valued as much as £1 billion
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GameStop's net sales up 2% for Q2
Net losses were trimmed to $2.8 million for the quarter, compared to $108.7 million in Q2 2022
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Ronimo Games reportedly files for bankruptcy
The studio "got hit by a series of unfortunate events while working on its last project," employee says
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NPCx raises $3m for game character motion capture processing tool
The latest funding follows a crowdsourced investment of more than $540,000