Tag Archives: financial reports

Take-Two: ‘Our business has been transformed’ by digital

The news of Red Dead Redemption 2’s delay until spring 2018 may have come as something of a disappointment this morning, but Take-Two’s fourth quarter and fiscal year 2017 results show the publisher couldn’t be in better shape to weather the storm. A huge growth in digital sales has been …

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Nintendo Switch sales hit 2.74m worldwide

Nintendo sold over 2m Switch consoles worldwide in its first month on shelves, according to its latest fiscal year earnings report, hitting 2.74m units as of March 31st. That beats recent analyst expectations from SuperData, which pegged the console’s global sales figures at just 2.4m. As a result, Nintendo’s profits …

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Starbreeze net revenue up 58%, ‘over the moon’ with Dead by Daylight

Starbreeze has released it full year-end report for 2016 and its net revenue for the year was up 58 per cent year-on-year, reaching 345.5m Swedish Krona (SEK) (or 31m). The publisher had a particularly healthy Q4 as well, with net revenue totalling 99.4m SEK (8.9m), showing a growth of 103 …

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Paradox Interactive reports excellent Q4, bolstered by Stellaris and Cities: Skylines

Paradox Interactive has released its end of year report for 2016 and the Swedish games publisher is in rude health. Revenue for Q4 increased by 56 per cent year-on-year, reaching 198.4m Swedish Krona [17.8m], while operating profit for Q4 increased by 96 per cent year-on-year, reaching 85.9m Swedish Krona [7.7m]. …

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Publishers report increased digital sales in 2016

It’s financial report season in the games industry, and several companies have revealed that digital sales are on the rise. Microsoft kicked things off stating its software sales and services revenue were up 18 per cent year-on-year, and that digital transactions reached $1bn [800m] this quarter. The company also revealed …

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Overwatch fastest Blizzard franchise to reach 25m players worldwide

Overwatch has become the fastest Blizzard franchise to reach 25m players worldwide, with its Q4 monthly active users reaching a new franchise high, Activision Blizzard revealed in its Q4 financial results. Overwatch also now holds the record for the strongest launch year in terms of financial performance, beating the previous …

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No new Skylanders this year, but toy-to-life franchise isn’t dead yet

Activision’s toy-to-life franchise Skylanders won’t be back for 2017, the company has confirmed, but a new entry in the series will resurface at some point in the future, according to Eurogamer. With most of the Skylanders team at Vicarious Visions having now been moved on to work on Destiny, the …

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South Park: The Fractured But Whole delayed, but record 2016 digital sales keep Ubisoft afloat

South Park: The Fractured But Whole has slipped into the next financial year, Ubisoft’s Q3 financial report has revealed, and the company has revised its fiscal 2016-2017 sales figures as a result. Whereas Ubisoft was previously targeting around €1,610m fiscal sales, the company has now revised this down to €1,455m. …

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Time Warner video game revenue ‘flat’ for 2016

Time Warner has released its Q4 financial earnings for the full year ended December 31st 2016. While the company’s overall revenue increased 4 per cent to $29.3bn, its video game revenue was "essentially flat", hitting $13bn. Theatrical and television revenues were higher this year, says Time Warner, but this figure …

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Physical game sales drive Sega profits for 2016

Sega has released its consolidated results for the nine months ended December 31st 2016, and its sales and profits are both up year-on-year. Net sales rose by 16.6 per cent to 285.7bn (2.05bn) year-on-year, while profits increased by 462.1 per cent to 36.5bn (262m). As for Sega’s Entertainment Contents Business, …

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