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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
Financials (Page 3)
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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
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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