Tag Archives: financial

GameStop enjoys growth in 2008

Leading US video games retailer GameStop has announced strong results for its 2008 fiscal year – and it predicts that it will see the same again in 2009. Total sales for the year ending January 30th hit $8.8bn – a 24 per cent increase on the same period the year …

Read More »

SouthPeak revenues and income jump

North American publisher SouthPeak has announced the results for its fiscal quarter ending December 31st, showing revenues of $17.3m – a rise of 76 per cent from $4.2m in the same quarter of 2007. Net income was up too, hitting $1.2m – nearly a million up on the $281,000 net …

Read More »

NCsoft profits fall in 2008

Korean MMO specialist NCsoft has recorded a fall in both operating profit and net profit for its 2008 fiscal year, though its results for the final quarter of the year were all positive, leading to a strong outlook for 2009. Fiscal 2008 operating profit fell 15 per cent year-on-year to …

Read More »

Nvidia reports large losses

Graphics chips vendor Nvidia’s results for fiscal Q4 revealed a $147.7 million net loss, while for the year as a whole the firm made a loss of 30 million. Q4 revenue was $481.1 million, compared to $1.2 billion for the same period the previous year. The firm blamed a ‘difficult …

Read More »

Sega confirms job losses after $119m loss

Sega Sammy Holdings has revealed a net loss of YEN 10.8bn, around $119m, for the nine months ending December 31st 2008 – an improvement of around 33 per cent compared the YEN 15.7bn loss seen in the same period in the year before. Sales for the period were down 15.4 …

Read More »

Games give Warner a boost

Ahead of what it hopes will be its defining year in the games industry, US media giant Warner has named gaming as the one bright spark in its otherwise dreadful financial report. Warner yesterday reported an operating loss of $16bn in 2008, massively down from the $8.9bn operating profit it …

Read More »

THQ appoints new CFO

THQ has named Paul Pucino as its new chief financial officer and executive vice president. Pucino takes up his new role after THQ posted poor financial results and will lead the publisher as it attempts to reduces its costs by $220 million. He replaces Colin Slade, who is indefinite medical …

Read More »

Farrell: We will take strong action

Following THQ’s latest financial filing , Brian Farrell, the chairman, president and CEO of THQ, has stated that his firm is to both aggressively cut costs and place a stronger focus on product quality going forwards as his company enters what he describes as a challenging time” for the publisher. …

Read More »

Capcom income drops 95% year-to-date

Japanese publisher and developer Capcom has revealed that net income for the nine months ending December 31st 2008 fell a massive 95 per cent to YEN 179m, down from the YEN 3.97bn in the same period the year before. Sales decreased by 8.6 per cent, reaching YEN 47,223m. Operating income …

Read More »

Disney Interactive sees losses despite revenue hike

Disney Interactive Media has reported a 13 per cent increase in revenue for the quarter ending December 31st 2008, but has nonetheless suffered a loss for period. Revenue reached $313m, up from $276m in the same period the year before. This wasn’t enough to prevent a loss of $45m, down …

Read More »