MCV/DEVELOP News, events, research and jobs from the games industry
German mobile and browser game studio InnoGames increased its revenue by 25 per cent last year, taking it to a record high of €130m (around 112m), the company revealed today in its 2016 financial report. In its mobile business, InnoGames beat last year’s revenue results by 68 per cent, stating …
Read More »Capcom’s digital sales increased 21.1% in 2016 to 6.1m units
Capcom has released its latest financial report for the nine months ending December 2016, but while net sales and operating income have both fallen for the company year-on-year, accelerated digital sales and higher sales of flagship software titles have given Capcom’s consumer business its first market expansion in four years. …
Read More »Pokémon Sun and Moon have sold 14.69m, now third-best selling 3DS game to date
Pokmon Sun and Moon have collectively sold 14.69m units, Nintendo confirmed this morning, making it the company’s third best-selling 3DS game to date. The figure comes from the company’s latest consolidated financial results for the nine months ended December 31st 2016. After a stellar sales period over Christmas, Pokmon Sun …
Read More »Microsoft’s hardware revenue falls 22%, but software sales and services are on the up
The ever-decreasing cost of Xbox One consoles has caused Microsoft’s gaming revenue to fall by 3 per cent year-on-year, the company revealed in its Fiscal Q2 2017 report. Xbox revenue reached $3.595bn in Microsoft’s fiscal Q2 2017 report, with the company stating that lower Xbox console pricing was the main …
Read More »Gfinity revenue increases but company loses more than £3 million for the 2nd year running
Gfinity has released its financial results for the year ending 30th June 2016 and revealed that they have lost 3.2 million despite massively improved revenue. The operating loss for the company was 3.2 million, a 12% decrease on the previous year’s 3.6 million loss. A number of factors contributed to …
Read More »Nintendo cuts profit forecasts after $50m loss last quarter
Nintendo has cut its profit forecasts for the financial year after its second quarter earnings release showed that the company lost around $50 million over the last few months. The release showed that Nintendo’s revenue for the quarter was around $1.32 billion, which was down 33% compared to the same …
Read More »Microsoft’s gaming revenue declined 5% in Q1 2017
Microsoft’s gaming revenue declined 5% in the first quarter of the 2017 financial year, with the company blaming lower console revenue. In the detailed breakdown of finances for Q1 2017 Microsoft revealed that its gaming division hasn’t been doing so well recently, with a massive 5% drop in revenue when …
Read More »8.4m PS4s sold worldwide during Q3
Sony has revealed it sold 8.4 million PlayStation 4s during Q3 2015. The tech giant revealed this information in its latest financial reports. This is a 2m increase in unit sales year-on-year for the quarter (which ended December 31st 2015). In total, Sony’s Game and Network Services division generated 587bn …
Read More »Warner Bros Interactive quarterly sales and profits soar
Warner Bros is having a great year thanks to a strong performance from its interactive entertainment division, parent company Time Warner has announced. The company mentioned its game division’s stellar performance on multiple occasions throughout its third quarter report. Revenue for Warner Bros division – which includes both games and …
Read More »Sales down €277m in Ubisoft’s H1 2015 results
Lack of key releases damages pubisher’s financials, but back catalogue sales and upcoming releases expected to boost stronger second half
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