Tag Archives: revenue

Google posts huge profits

Internet tech specialist Google has reported third quarter profits of $2.2bn, which is 32 per cent up on the same period in 2009. Sales for the period hit $7.63bn. As a result of the numbers, which exceeded expectations, Google’s share price jumped nine per cent. 52 per cent of its …

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HMRC warns over game stock deals

Retailers must be more vigilant with rogue traders if they want to avoid having their tax returns voided. As we revealed on the cover of this issue, Her Majesty’s Revenue & Customs is mounting efforts to clamp down on temporary dodgy distributors who sell on games stock without paying VAT. …

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DeNA’s ngmoco acquisition the numbers

Japanese social games firm DeNA has published documents giving more details about its acquisition of US mobile startup ngmoco. One English document that has been published on DeNA’s IR site outlines the terms of the deal. The maximum acquisition consideration is $403 million, of which up to $100 million will …

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Taxman hunts down dodgy importers

UK retailers could be left out of pocket as Her Majesty’s Revenue and Customs clamps down on corrupt distributors. Fraudulent suppliers have been buying consoles from abroad without paying VAT, then selling the machines on to UK retailers with the VAT added on top. These temporary traders then disappear, and …

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Revenue doubles at LOTR Online

Codemasters’ decision to drop subscription charges from Lord of the Rings Online and switch to microtransactions has been a big success for the game. Since making the switch, which was announced in June, developer Turbine says that revenues for the game have doubled. In addition, a million new accounts have …

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FIFA 11 enjoys record UK launch

As well as claiming the top spot in the UKIE GfK Chart-Track All Formats Top 40 this week, FIFA 11 has also set a new sales benchmark for the series. As well as enjoying FIFA’s best ever week one, the game also enjoyed the third strongest launch week ever in …

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Minecraft creator earning $350k a day

You may not have heard of it, but a ‘little’ indie game called Minecraft is causing a bit of a stir online. So much so, in fact, that right now it’s netting its creator in the region of $350,000 every single day. And with no distribution or retail chain concerns, …

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Activision talks COD Premium service

Though question marks hang over Activision’s true intentions toward a possible Premium online Call of Duty service, the publisher’s COO Thomas Tippl has admitted that the company is looking to give Call of Duty fans more choice” as it looks to extend revenue models”. However, Tippl did promise that the …

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Halo Reach sells 300k in UK on day one

MCV can reveal that 300,000 copies of Microsoft’s Halo Reach were sold in the game’s first 24 hours on sale in the UK. This already puts Halo Reach at number ten in the all-time UK weekly sales league table, leaving it in prime position to climb the listings through to …

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Income explodes at Konami

Konami’s latest quarterly financials report a massive 244.7 per cent year-on-year jump in net income to YEN 1,265m compared to the 93.5 per cent dip it suffered in the same period the year before. Operating income shot 187.9 per cent to YEN 2,879m though net revenue fell five per cent …

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