Tag Archives: financial

Like-for-like sales up at GAME

The UK’s leading games retailer GAME has revealed that its total group sales for the 44 weeks up to November 29th are up 27.4 per cent compared to same period in 2007, with like-for-like sales increasing by 11.2 per cent. For the UK and Ireland total sales climbed 25.1 per …

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DSGi posts £29.8m loss

PC World and Currys parent DSGi has axed its dividend to preserve liquidity, after being hit with a 29.8 million pre-tax loss for the first six months of the year. Comparatively, the group made a 52.5 million profit during the same period last year. The firm says it hasn’t made …

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Infogrames net revenue up 45%

Atari’s parent company Infrogrames has announced an increase of net revenue of 44.5 per cent for its fiscal first half 2009-2009 ending September 30th. Despite falling 7.5 per cent, losses still totalled €85.67 million, though they were outweighed by a total net revenue for the period of €131.8 million, which …

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Credit crunch could be Blu-rays death knell

The effects of the current global economic global crisis could see sales of Blu-ray discs and associated technology dramatically underperform this Christmas, according to some industry observers at the recent HD3 Conference in the US. The economy is the biggest challenge, because there are just so many pieces to the …

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Garriott quits as NCsoft profits tumble 50%

Leading MMO developer and publisher NCsoft has reported a 50 per cent drop in profits for the financial quarter ending September 30th – and has also been dealt a blow with the news that famed developer Richard Garriot is to leave the firm. NCsoft’s profits for the period fell from …

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THQ losses lead to 250 job cuts

US publisher THQ has confirmed that it is to cut 250 jobs following losses of $115.3 million for the three months ending September 30th. Losses for the same period last year totalled just $7 million. Net sales for the period reached $164.8 million, down from the $229.3 million seen in …

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Capcom posts quarterly gains

Flying in the face of the global credit crunch, Capcom has reported some positive financials for the quarter ending September 30th 2008. Kotaku reports that net sales for the period hit YEN 31.26 billion, up 0.4 per cent on the same period last year. Net income increased by 16.8 per …

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Record Activision-Blizzard financials exceed expectations

The newly formed Activision-Blizzard has announced its financial results for its fiscal Q1 2009, ending June 30th 2008, which show record net revenues of $650 million – far in excess of the firm’s $500 million prediction. The publisher noted the strong performance of film license Kung Fu Panda and the …

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Ubisofts 2008-2009 forecast nudges 1bn

Ubisoft has predicted that it will achieve a whopping €975 million in sales during fiscal year 2008-2009. The forecast is driven by the release of four new brands in the period, including Tom Clancy’s EndWar, seven franchise releases including Brothers in Arms, Far Cry 2 and Tom Clancy’s Splinter Cell …

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$11.9m loss for Atari in Q1

Atari has finally filed its report for its first quarter, which shows the company suffered a net loss of $11.9 million in the period. Losses grew by $4.6 million from the same period a year earlier, whilst net revenue for the quarter, which encompassed the three months to June 30th, …

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