Tag Archives: profit

Digital drives online results at Activision

The evergreen Call of Duty IP has lead Activision to a stronger than expected quarter, with both sales and revenue up year-on-year. Sales climbed from $1.3bn to $1.4bn for the period and profits shot from $381m to $503m. Digital was the star performer, with sales climbing 30 per cent year-on-year. …

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Net income up 258% at Capcom

Japanese publisher Capcom has posted its best ever annual net sales report for the year ending March 31st 2011. Net income for the period jumped 257.6 per cent year-on-year to YEN 7,750m. Operating income jumped 155.8 per cent to YEN 14,295m and ordinary income increased 132.6 per cent to YEN …

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EA slashes losses with strong Q4

Publisher EA has reported an annual loss for its last financial year of $276m – that’s a 59 per cent improvement on the $677m lost in the year before. Revenue reached $3.59bn, which is slightly down on last year’s $3.65bn. However, Q4 was strong with revenues up over 400 per …

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Losses mount at THQ

THQ has reported losses of $136.1m for its 2011 financial year. This is significantly more than the $9m loss posted for fiscal 2010. Revenue was down year-on-year from $899.1m to $665.3m. The company’s Q4 was more successful, however, thanks to the release of Homefront. The shooter has now sold over …

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Xbox 360 drives EDD profits up 50%

Microsoft’s Entertainment & Devices Division – which amongst other things is home to the company’s Xbox operations – has enjoyed a surge in revenue and profit in the first quarter of 2011. EDD posted revenues of $1.94bn, a rise of 60 per cent compared to calendar Q1 2010. Profits climbed …

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GAME bullish despite profit drops

Retailer GAME has reported profits in line with its January forecast, though it has suffered notable drops in both sales and profits for the year ending January 2011. Turnover fell from 1.772bn to 1.625bn, with overall sales falling 8.3 per cent year-on-year. UK & Ireland sales fell by 12.8 per …

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Grave expectations for GAME financials

Leading UK video games retailer GAME reports its annual financials tomorrow – and the national press is expecting a significant slump in profits. The Guardian reports that GAME will report a 60 per cent drop in profits for the year ending January, a downturn it blames on the rise of …

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Profits double at Apple

Apple has posted net profits of $5.99bn for the quarter ending March 31st – that a jump of nearly 100 per cent compared to the $3bn reported in the same quarter the year before. Revenue for the period was up 83 per cent at $24.67bn. iPhone sales were the champion …

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Asia growth sees Tesco profits rise

Retail powerhouse Tesco has reported a surge in profits for its financial year ending February 28th 2011. Group sales climbed 8.1 per cent to 67.6bn, with profit jumping 12.3 per cent to 3.8bn. Asian profit was up 30 per cent year-on-year which helped offset the disappointing UK performance, which accounts …

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Minecraft sales reach 2m

Indie games sensation Minecraft has made over 19 million for its creator Markus Persson, the Swedish developer has said. Persson explained the early edition of the title had sold about 800,000 copies at €9.95 each, while a later version – sold at €14.95 – had been purchased over a million …

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