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Tag Archives: losses

OMGPOP staff "were ripping up Zynga hoodies and T-shirts" after being sacked

The sacked former members of Zynga’s now-defunct New York office have admitted they were not surprised by yesterday’s news. Business Insider reports that several members of staff grabbed beers from the fridge as they were called to a mid-morning meeting, such was the sense of inevitability with which the studio …

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Job losses rock Trion Worlds

Defiance developer Trion Worlds has been hit by a "massive" round of layoffs. Sources speaking toIGNclaimed that more than half of the company has been let go, with some claiming as many as 80 per cent of staff were laid off. It has also been claimed the most of the …

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Take-Two reduces losses; Max Payne ships 4m; BioShock ships 3.7m

Grand Theft Auto publisher Take-Two has reported a drop in losses for the year ending March 2013. Total net losses for the period reached $31.2m, significantly down on last year’s $107.7m loss. Revenues climbed from $825.8m in 2012 to $1.21bn. For the fourth quarter revenues doubled from $148.1m to $300m. …

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Capcom reports reduced profits

Following the profits warning issued last month, today’s financial report from Capcom was never going to be pretty. The Japanese publisher registered a net income of 3bn for the last financial year, almost exactly in line with the modified forecast it released in April. That’s still a profit, of course, …

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Disney Interactive was Disney’s only loss-making business during last quarter

Perhaps this explains why Disney decided to ditch LucasArts? Disney has reported a ten per cent increase in profits for the first quarter of 2013 with net income climbing 32 per cent to $1.5bn. In fact, it was all good news for Disney with one exception. Disney Interactive posted a …

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EA confirms restructuring job losses; Hundreds feared to have been cut

Publisher EA has confirmed an an organisational restructure” that is feared to have led to hundreds of job losses. In recent weeks, EA has aligned all elements of its organizational structure behind priorities in new technologies and mobile,” an official statement read. This has led to some difficult decisions to …

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Nintendo misses income target by half, posts second successive annual loss; Wii U sells 3.45m units

As predicted by analysts, Nintendo has failed to return to profitability and posted its second successive annual loss. For the year ended March 31st net sales reached 635.422 (4.2bn) – 5.2 per cent short of the company’s 670,000m (4.42bn) forecast. Net income missed its 14,000m (920.3m) target by a whopping …

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Yoichi Wada steps down as Square Enix warns of extraordinary losses

Square Enix president Yoichi Wada is stepping down. The news comes as the publisher warns of what is describes as extraordinary losses” in its current financial year. Indeed, the overtly long tail being thrust upon consumers by the lack of market-ready next-gen hardware is certainly having an impact. Yousuke Matsuda …

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Newell offers assurances as 25 – including Jason Holtman – leave Valve

Half-Life developer and Steam owner Valve last night laid off around 25 staff, chief amongst them being director of business development Jason Holtman. Holtman has been at Valve since 2005 and was crucial to the company’s developer relations – clearly a job he had done well judging by the incredible, …

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Zynga to close three recently launched titles as it stems losses

CityVille 2, The Friend Game and Party Place are to close despite having only launched in the last quarter. Three other games that launched in the period – CoasterVille, Bubble Safari Ocean and Ayakashi – are to survive. The news comes as Zynga reports a net loss of $209.4m for …

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