MCV/DEVELOP News, events, research and jobs from the games industry
Publisher Take Two has seen record full year revenues – but has reported a $15 million loss for the three months period ending October 31st. Net revenue for the quarter was at $323.4 million, compared to $292.6 million for the same period in 2007. Whilst the net loss has more …
Read More »Game profits suffer for Namco Bandai
The games side of Namco Bandai’s business reported a fall in profits, dropping 92.4 per cent over the firm’s second quarter. The fall saw profits slip to $3.4 million from $45.5 million. Games revenue also dipped to $319 million from $385 million. Dragon Ball Z Burst Limit, Super Robot Wars …
Read More »EA to lay off 6% of work force
Global publishing powerhouse EA has announced that it is to cut six per cent of its global workforce, equivalent to between 500 and 600 positions, following increased losses in the financial quarter ending September 30th. The AP reports that the cuts will span all aspects of the company and will …
Read More »Sony issues profits warning
Japanese electronics firm Sony has issued a profit warning ahead of its full year financial reports next March – slashing its profit forecasts by 57 per cent in the process. The Times Online reports that Sony had previously predicted full year profits of YEN 470 billion, but this has now …
Read More »Online spearheads Zavvi growth
High Street retailer Zavvi has heralded a successful first year on the market by announcing strong improvements over the performance of the company it bought out in 2007 – Virgin Megastores. Sales in its online operations increased an impressive 148 per cent over the last twelve months compared to the …
Read More »Take Two reports record Q3
Publisher Take Two has beaten its expected results for the financial period ending July 31st. The firm has reported $433.8 million (245 million) in net revenue for Q3, a huge leap when compared to the $206.4 million (117 million) reported the year before. The figure also beats the company’s own …
Read More »EA: Revenues up and losses reduced in Q1
EA’s Q1 revenue was up, and the publisher’s net loss dropped too in a like for like period, the firm revealed today in its financial results. Net revenue for Q1 was $804 million, up $409 million compared to Q1’s $395 million last FY. Meanwhile EA’s net loss for the quarter …
Read More »Vivendi Games’ Q2 earnings rise 91.9%
French telecoms and media group Vivendi has posted a 48.6 per cent year-on-year drop in earnings for its second quarter – but its games division has reported a whopping 91.9 per cent jump in operating profit. The firm’s overall sales grew 7.4 per cent year-on-year to €5.2 billion, up from …
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