Tag Archives: financial

THQ reported an annual net loss of $431 million, a considerable drop from its $35 million loss the year prior. THQ Chief Executive Brian Farrell opened the company’s earnings conference call on Wednesday by stating it had been a disappointing year for the California-based publisher. Sales sunk to reach $830 …

North American based publisher EA has reported a GAAP net loss of $1.088bn for the year ending March 31st 2009 – an increase of over 100 per cent compared to the $454m loss in the same period the year before. Revenue for the period hit $4.212bn, up 15 per cent …

A Thomson Reuters poll has revealed that analysts expect EA will later today post sales of some $631.9 million. The surveyed group are also expecting a loss of 43 cents per share on those sales figures. Wedbush Morgan analyst Michael Pachter, in a note to investors, was upbeat about EA’s …

Entertainment chain HMV is projecting fiscal year profits will meet high-end market expectations, as annual and quarterly sales saw encouraging gains. The retailer said that like-for-like sales across its fleet of stores in the UK and Ireland were up 4.3 per cent for the sixteen weeks ended April 25, resulting …

Games industry group Tiga has slammed the Labour government for failing again to back one of the principal creative industries of the future.” In his Budget speech, delivered on Wednesday in the House of Commons, Alistair Darling failed to materialise any of the promises that Tiga was looking for. Speaking …

Game interest group Tiga has called on the government to introduce a set of schemes in the forthcoming budget that could aid the game development sector. Speaking to MCV, Tiga CEO Richard Wilson lists several measures that he feels are needed to bolster the UK’s position as a world-leader in …

Ahead of the release of its upcoming quarterly report, publisher Activision Blizzard has said that net revenues are likely to be in excess of the $860m it had previously predicted. As a result, it now forecasts net revenues of $4.2bn for the full fiscal year. Global consumer response to the …

Catalogue retail specialist Argos has posted sales figures above what most were expecting, stating that whilst the year ahead will be tough it expects to maintain a strong position on the High Street. For the eight weeks until the end of 2008, Argos saw like-for-like sales decline 1.6 per cent. …

Publisher Take Two has revealed that it has suffered a year-on-year increase in losses, following a $50.4m loss in its fiscal Q1 – up from the $38m loss suffered in the same period the year before. Revenues, however, rose to $256.8m, up seven per cent from the $240.4m seen in …

Funcom’s chief financial officer Olav Sandnes has stood down from his position at the MMO to take up a role in a different sector publisher following the firm’s confirmation of losses in Q4 2008. He will remain in the role until a successor is found. In total, Funcom suffered an …