Tag Archives: financial

GameStop sales fall but chain ‘outperforms market’

Same-store sales at US retailer GameStop dropped 12.5 per cent year-on-year. These include sales at stores which have been open for at least one year, and exclude revenue generated at newer shops. The games chain blamed the decline on a lower demand for new games, but said it had outperformed …

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Dixons reports 3% like-for-like sales dip

Dixons Retail says its like-for-like sales fell three per cent for the 52 weeks ending April 28th, while overall sales remained flat. The group – which owns PC World, Currys, Dixons and other retail chains worldwide – ‘enjoyed good performances in the UK and Ireland and Northern Europe, trading ahead …

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Namco Bandai profits rise 20%

Namco Bandai has generated gross profit of 1.3bn (167.5bn) for its financial year ending March 2012, but expects fewer games to arrive over the next 12 months. This represents a year-on-year increase of around 20 per cent. Meanwhile, net sales jumped 15 per cent to 3.5bn (454.2bn), and net income …

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Sega to downsize, axe certain games

Sega is expecting a loss of 54m (7.1bn) as it restructures its US and European operations. Parent company Sega Sammy Holdings has today said it will carry out a ‘structural reform’ of Sega’s consumer business. It said it will ‘streamline’ its US and European video game operations and create a …

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Zynga on track as it files first quarterly earnings report

Social gaming giant Zynga has posted its first ever quarterly financial report, delivering numbers roughly in line with expectations. Although it reported a loss of $435m for the quarter ending December 31st, this was widely expected and stems from the $510m stock-based compensation paid out to employees following its flotation. …

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THQ losses rise to $56m

The Saints Row publisher has posted its financial results for its third quarter, showing a 275 per cent rise in net losses since the same period in 2010. THQ posted a net loss of $55.9m for the three months ended December 31st, 2011 – up from just $14.9m in the …

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EA recognises the implications of potential GAME collapse

Publishing powerhouse EA last night admitted to concerns about the financial health of a "major European retail partner" thought to be GAME. As reported by MCV yesterday, GAME has been rocked by credit insurance issues forcing it into negotiations with publishing partners to secure stock of upcoming releases. "We are …

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Ubisoft posts record Christmas sales

Assassin’s Creed publisher Ubisoft has raised its sales projections for its fiscal Q3 by €50m after achieving record Christmas sales. It expects to generate €650m in revenues in its third financial quarter of 2011-2012. This is around eight per cent more than its initial estimate of between €580m and €620m, …

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Square ups income estimates 148%

Square Enix holdings has doubled its net income projections from $19m to $47m after revising its financial forecasts, the company has announced. The group also changed its predicted net sales for the six months ending September 30th, which went up 1.8 per cent to $730m, whilst forecasts for operating income …

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