Games Finance


"The Seven Deadly Sins: Grand Cross" Will Launch On March 3rd

Netmarble's First Quarter Earnings Show Growth Despite Pandemic

Earlier today, Netmarble — one of the largest global mobile game companies — released its financial results from 2020's first quarter. The company, which focuses on making games for players of all ages, has been consistently releasing quality content and updates for their games. Some of their more popular games include BTS World, A3 Still Alive, […]

Phil Spencer believes COVID-19 will impact the game industry more in early 2021.

Phil Spencer Thinks Gaming Will Be Impacted By COVID-19 By 2021

Xbox head Phil Spencer believes the greatest impact from COVID-19 on the video game industry is still yet to come. According to a report from Business Insider, Spencer believes that, despite the Xbox Series X's impending holiday launch later this year, problems could still be mounting. "Mocap is just something that's basically stopped. We're not […]

Capcom Rumored To Have Two Game Reveals During Jump Festa 2020

Capcom Is Apparently Planning Some Major Game Announcements

It sounds like E3 2020 would have been a big year for Capcom, as a new report suggests the company has some big announcements. The word comes from the company themselves who released a new financial report showing they had record-high profits for the previous fiscal year. Within all of the text about how well […]

playstation-logo

Sony's PS5 Release Unchanged Due To COVID-19

Earlier today Sony released its earnings report, which stated that the PS5 was still on track to be released this holiday season. This comes as a welcome surprise, given that Sony had shut down various manufacturing plants worldwide for some time. In China, Sony's manufacturing plants were closed from January 24th until February 9th and […]

Microsoft Says Xbox Game Pass Users Buy More Games and Play More Genres

Microsoft Reports It Has Surpassed 10 Million Xbox Game Pass Users

Microsoft released details about their quarterly results this week, and there's a few things to celebrate for Xbox. First off, even though gaming revenue was down 1%, the Xbox content and services revenue was up by 2%. Operating income was up 15%, which is the same percentage for revenue for the company as a whole […]

Disney Plans To Sell Video Game Company FoxNext

Disney plans to sell FoxNext, the video game business acquired through their purchase of 20th Century Fox's entertainment assets, Bloomberg reports. FoxNext, founded two years ago, makes freemium mobile games based on entertainment properties like Marvel Strike Force, which took in more than $150 million its first year. The company had games based on its […]

starbreeze Studios logo

Starbreeze Currently Lacks the Funds to Continue Operating for Another Year

Starbreeze released their first quarter financial report for this year, and things are looking a bit grim for the studio. The studio has been in trouble for quite some time after Overkill's The Walking Dead failed to meet sales expectations, they also lost their CEO Bo Andersson shortly after, and they sold back the publishing rights to System […]

Activision Blizzard CFO Spencer Neumann Leaves to Join Netflix

In a filing with the Securities and Exchanges Commission, Activision Blizzard announced that they were terminating the contract of Chief Financial Officer Spencer Neumann. The reason given by the publishing company wasn't stated, as the report claims the termination is "for cause unrelated to the Company's financial reporting or disclosure controls and procedures." For now, […]

PAX Unplugged: Curation and Podcasts' Effects on the Tabletop Industry

  PAX Unplugged's "State of the Game Industry" panel is always a place for interesting insights into the board and tabletop gaming industry. This year's panel included Renegade Game Studios' Scott Gaeta, CEO of Wizkids Justin Ziran, Alliance Game Distributors' Vice President Mike Web, Millennium Games' Owner Travis Severence, and Mandi Hutchinson of The Dice Tower. According to […]

Starbreeze Starts Cutting Costs After Overkill's The Walking Dead Underwhelms

In a press release, Starbreeze Studios announced it would be cutting back on future projects due as initial sales revenue from Overkill's The Walking Dead were lower than forecasted. Because the sales were higher in low-price countries, the overall sales were too low to cover the license fee of $10 million USD. From the release: A […]

Call of Duty Black Ops 4

Call of Duty: Black Ops 4 Was October's Best Selling Game

According to the latest results from the NPD, Treayarch and Activision's Call of Duty: Black Ops 4 was the best selling game for October of this year. Black Ops 4 may have had some rather stiff competition with Red Dead Redemption 2 and Assassin's Creed Odyssey, but COD managed to take the top spot regardless. AC Odyssey was the best selling […]

EA Credits FIFA, Battlefield 1, and The Sims for Strong Q4 Growth

EA has released its investor report for the fourth quarter and end of fiscal year, which ended on March 31st, 2018. The company pinned much of its solid growth over the quarter (and over the year) on franchises like Battlefield, FIFA, and The Sims. The EA Sports franchises have grown to nearly 90 million players on current generation […]

GTA Online Continues to Be a Top Seller for Take Two Interactive

Take Two Interactive has released its Fourth Quarter and End of Year 2018 investor report, which mostly holds to what we've seen of the company previously. In terms of their fourth quarter sales numbers, GTA Online, Grand Theft Auto V and NBA 2K18 were the top performers, though mention also went to Sid Meier's Civilization VI, WWE 2K18, WWE Super Card, Dragon […]

Path of Exile Bestiary

Tencent Acquires Majority Stake in Path of Exile Dev Grinding Gear

In a Q&A on the Path of Exile forum (via Gamasutra), developer Grinding Gear Games has announced that Chinese publisher Tencent Games has acquired a majority stake in the development studio. This news does not mean that Grinding Gear Games is now part of Tencent, and the studio insists that the stake won't change how they operate. […]

Square Enix's End-of-Year Net Sales Down Due to Lack of Blockbuster Releases

Square Enix has released its end-of-year report for fiscal year 2018 (ended on March 31st, 2018), which saw an small decrease in net sales (2.5% down from fiscal year 2017). However, the company's operating income saw an increase of 22% and ordinary income saw an increase of 16.0%, so it wasn't a total wash. The […]

Activision Blizzard

Activision Blizzard Announces Record First Quarter Thanks to Player Engagement

Activision Blizzard has released their combined first quarter earnings report for fiscal year 2018, with the quarter ending on March 31st, 2018. The company announced a record first quarter of sales, which they credit to the immense amount of player engagement in their many franchises, but with an emphasis on Overwatch and Call of Duty. "Activision Blizzard […]

Nintendo Switch Red Blue

The Nintendo Switch Has Sold Over 17 Million Units

Nintendo has revealed their most recent financial report, giving out specific numbers on everything from the Nintendo Switch console to their own games. It's no secret that Nintendo has done exceptionally well. It became the fastest-selling console in history, and you don't have to walk around far to see someone playing with one somewhere on a commute. […]

Nintendo

Nintendo Had An Incredible Second Quarter Thanks To The Switch

Nintendo had a record second quarter, with some pretty impressive six months results coming in as well. And it is all down to how well the Nintendo Switch has done since launch back in early March. Nintendo's second quarter ended on September 30, 2017 which means that sales for Super Mario Odyssey were not included in […]

Activision Blizzard

Activision Blizzard's Third Quarter Delivered Record Results Thanks To Destiny 2 And Hearthstone

Activision Blizzard is a massive conglomerate of game publishing so of course their third quarter results were pretty solid. Overwatch and Hearthstone continue to be fan-favorites and draw in money off their micro-transactions, and of course Destiny 2 launched on console in time to hit the report, which netted a record turnout for Activision Blizzard in terms of year-to-date […]

Destiny 2

Activision Claims Destiny 2 Is The Biggest Selling Game Of The Year, So Far

Activision Blizzard's third quarterly report has hit us and the numbers look pretty darn good for the company despite the recent backlash against the publisher's use of micro-transactions. The company reports that Destiny 2, its biggest release so far this year, has been the best selling console game in the U.S. so far in 2017. […]