MCV/DEVELOP News, events, research and jobs from the games industry
EA has reported a decline in revenues for FY13 Q3 with a surge in digital sales unable to offset a decline in physical games sales. Digital net revenue for the quarter ending December 31st climbed from $274m last year to $321m, but revenue from packaged goods fell from $738m to …
Read More »Revenues up and profits down at Amazon
Online retailer Amazon has reported a sharp drop in net income for the three months ending December 31st. The period saw income of $97m, down significantly from the $177m it reported in the same period last year. Revenues, however, are up from $17.43bn to $21.27bn. Ebooks were credited as the …
Read More »Planetside 2 to make console jump?
Sony Online Entertainment president John Smedley has said that 70 per cent of the company’s revenues come from PS3. We have two operating free-to-play games on PS3 right now – DC Universe and Free Realms. So we’re uniquely placed having helped to build the PlayStation Network in the first place,” …
Read More »Future reports annual profit climb
Publisher and media group Future has reported normalised operating profit of 6.9m for the year ending September 30th. That’s a 68 per cent year-on-year increase. Group revenues were down three per cent, although Future attributes that to the restructure of tis US business. Net debt comes in at a lower …
Read More »GameStop reports physical decline and digital boom
International games retail giant GameStop has reported a decline in physical sales but a boost in digital for the quarter ending October 27th. Net losses for the period reached $624.3m compared to net earnings of $53.9m the year before, but this includes goodwill and other impairment charges of $678.8m stemming …
Read More »Punch Quest no longer free as dev laments lack of returns
One of the more popular iOS games of late has been forced to drop its free-to-play model and instead ask players to pay up front. Punch Quest was a hit with critics not only for its gameplay but also for its generous freemium model that allowed players to choose between …
Read More »DeNA’s influence grows as revenues and profits jump
Japanese social games giant DeNA has reported a 45 per cent jump in quarterly revenue to $627m. Profits were up 38 per cent year-on-year at $254m. The company’s Moba-coin virtual currency also set a new high, grossing $700m from mobile games in Japan. Coin consumption was for the first time …
Read More »Q4 games advertising revenue drops 40% this Christmas
The age of excess is clearly over. UK games firms are spending 99m on advertising this Christmas, MCV can reveal. That’s a drop of 40 per cent year-on-year. The figures are based on a survey of the biggest companies in the UK games industry. In comparison, publishers, retailers and developers …
Read More »Increased R&D + Decreased income = New Xbox approaching
The New Xbox feels a lot closer this morning than it did last night. The headline from Microsoft’s Xbox financials was the 94 per cent drop in operating income. But combine that with the massively increased R&D figure, and you have an inescapable conclusion. R&D expenses were up 44 per …
Read More »Free-to-play CSR Racing makes $12m in its first month
NaturalMotion has revealed that its free-to-play iOS game CSR Racing grossed in excess of $12m in its first month. Developed by UK studio Boss Alien, the game sees players competing in a succession of drag races. No steering is required – instead, success is determined by the player’s gear changing …
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