MCV/DEVELOP News, events, research and jobs from the games industry
Online sales jump by 127 per cent to offset falling retail revenues
Read More »Toys R Us posts £60m Q1 loss
Retail giant Toys R Us posted a $60m loss for its financial quarter ending April 28th, 2012. However this was a $7m improvement compared to the same period last year, where the retailer made a $67m loss. Net sales reached $2.6 billion, a decrease of 0.9 per cent or $24 …
Read More »Ubisoft profits rise to £30m in FY2012
French publishing giant Ubisoft has posted full-year profits of €37.3m (29.7m) for the twelve months ended March 31st, 2012. The company racked up€1.06bn (845m)in sales, up from the €1.04bn (828m) taken in the previous financial year. Its current operating income came in at €56m (44.6m). Ubisoft attributed its success to …
Read More »Weak sales prompt Western restructure for Sega
Sega has declared it will "streamline" its operations in the U.S and Europe after poor sales of its new titles last year. In its financial results for FY2012, the publisher reported total sales of packaged games had dropped to 17.2m units, a year-on-year decline of eight per cent. Sega said …
Read More »Batman boosts Warner’s full-year fiscals
Revenues for Time Warner’s Filmed Entertainment division rose to $12.6bn in 2011, thanks in part to stronger games releases from Warner Bros Interactive Entertainment. The firm’s full-year financial report highlights Batman: Arkham City, Mortal Kombat and the continued success of various LEGO titles, such as LEGO Harry Potter: Years 5-7. …
Read More »$445m in Q3 revenues for DeNA’s mobile network
Japanese mobile social gaming company revenues up 16%
Read More »Income soars at Square Enix
Square Enix has reported a 175.2 per cent jump in net income for nine months ending December 31st 2011. Total net income for the period hit 5,013m (41.4m). Operating income was up 24.5 per cent at 11,220m. Net sales fell 2.5 per cent, however, to 95,738m. The publisher now expects …
Read More »Digital success pays dividends for Konami
Japanese publisher Konami has reported a 77.3 per cent increase in net income to 17,046m for the nine months ending December 31st 2011. Net revenues for the period grew 3.3 per cent to 194,522m while operating income climbed 86 per cent to 30,921m. Digital entertainment revenues in isolation grew 1.6 …
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 …
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