MCV/DEVELOP News, events, research and jobs from the games industry
In-game net bookings were up 21 per cent y/y to $1.52 billion
Read More »Activision Blizzard sees $1.79 billion in Q1 revenues and surge in net bookings during pandemic
Steam reports a ‘continuous increase in the number of games achieving success on Steam’ in 2019
The median game earns 24% more on Steam in 2019 in its opening two weeks than it did in 2018
Read More »Fortnite streamer Ninja earned almost $10 million in 2018
"You have to be there all the time"
Read More »CD Projekt Red doubles in value to $2 billion
The company is now worth $2.3 billion according to recently published earnings, up on last year's $1billion
Read More »Xbox hardware revenue down 29% after fall in Q4 sales
Microsoft has released its Q4 earnings report for FY17, and its gaming revenue has increased three per cent year-on-year to hit $1.6bn, driven largely by Xbox software sales and services. This figure may well have been higher, however, were it not partly offset by a decline in Xbox hardware revenue. …
Read More »Will Ubisoft bring its ‘live’ success to Assassin’s Creed and Far Cry 5 in 2017?
Ubisoft caused quite a stir last year when it told MCV its Week One sales were "important" but "not critical" to the company’s ongoing success. Indeed, after a disappointing month at retail during November, the comments of its VP of live operations Anne Blondel couldn’t have been timelier. After all, …
Read More »Nintendo cuts profit forecasts after $50m loss last quarter
Nintendo has cut its profit forecasts for the financial year after its second quarter earnings release showed that the company lost around $50 million over the last few months. The release showed that Nintendo’s revenue for the quarter was around $1.32 billion, which was down 33% compared to the same …
Read More »Earnings down 61% at Nintendo
With what appears to be a tough year ahead, Nintendo’s financial performance for the year just ended may worry investors. The company’s earnings fell 60.6 per cent to under $150m for the year ending March 31st 2016. Revenue fell eight per cent to just over $4.5bn. For the coming year …
Read More »Strong Q1 for GameStop thanks to next-gen success
Global games retailer GameStop has seen sales and earnings have shot up after an expectation-hitting Q1. Total global sales for the quarter ended May 3rd climbed seven per cent to $2bn with like-for-like store sales jumping 5.8 per cent. Net earnings grew 24.5 per cent to $68m The retailer said …
Read More »Apple posts first earnings decline in 11 years
For the first time in 11 years Apple has posted an annual decline in earnings. Profits for its most recent financial year came in at $37bn, down from $42bn the year before. Revenue for the year hit $171bn, up from last year’s $157bn. Despite this, fourth quarter profit was ahead …
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