News
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
Financials (Page 4)
News
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
News
CD Projekt Red spent over $60m to develop Phantom Liberty
Cyberpunk 2077's base game cost $130 million to develop
News
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
News
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
News
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
News
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
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UK video games tax relief claimed drops 6%
The decline was attributed to fewer high value claims being made in 2022
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Report: Pokémon earned $11.6bn in licensed products revenue last year
The Japanese firm saw sales rise 36.5% compared to 2021
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Embracer Group net sales rise by 47% in Q1
CEO Lars Wingefors says "We are making good progress on the restructuring program"
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Krafton to invest $150m into Indian games market
The developer says the country is one of its "premier engines of growth"
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Nexon Q2 revenue grew by 12%
Growth was attributed to the performances of FIFA Online 4, Wars of Prasia, and new MapleStory user engagement
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Krafton's H1 2023 sees a 2% sales dip
The publisher says that Battleground Mobile India has been performing well since its ban lifted
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Roblox takes aim at a billion daily users
Company "confident" in long-term goal as it reports quarterly daily active users up 25% to almost 66 million
News
PlayStation sales up 27% year-on-year during Q1
Software and hardware sales are both on the rise, with a further 3.3 million PS5 units shifted this quarter
Feature
Take-Two growth slows with anniversary of Zynga acquisition
CEO Strauss Zelnick discusses the limits of recurrent consumer spending and the impact backward compatibility has on software sales for new hardware
News
Newzoo: Global games market expected to increase 2.6% in 2023
Consoles forecast to drive this year's revenue to $187bn due to release of delayed titles