MCV/DEVELOP News, events, research and jobs from the games industry
Assassin’s Creed publisher Ubisoft saw its sales rise to over €800m last quarter, beating the previous Christmas season. Sales for the three months ended December 31st, 2012 generated €802m – up 23 per cent when compared to the €652m for the same period in 2011. Ubisoft has originally targeted €740m …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »Global Q4 sales fall 3.6% at GameStop
GameStop has reported a 3.6 per cent decline in like-for-like store sales for its fiscal fourth quarter. Net earnings for the period fell $63.1m to $174.7m – that’s a drop of 27 per cent. Global sales for the fiscal year remained largely static at $9.55bn, with like-for-like sales falling 2.1 …
Read More »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. …
Read More »Take-Two profits drop to $14.2m
Take-Two has reported a 65 per cent drop in profit to $14.2m for its fiscal Q3 ending December 31st 2011. The Rockstar and 2K parent generated $236.3m in sales during October, November and December. This represents a 25 per cent year-on-year dip compared to the $334.3m made in the same …
Read More »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 …
Read More »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, …
Read More »Exchange rates pull Ubisoft from profit to £32m loss
Paris headquartered publisher Ubisoft has reported a 32m loss for the first half of the financial year, despite preventative measures to curb expenditure. Revenues for the most recent three months, ending September 30th, were positive. Ubisoft sold 125m of goods for this period, up by about 40 million year-on-year and …
Read More »