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CD Projekt profits up nearly 90% following success of Cyberpunk 2077: Phantom Liberty
Developer also provided updates for the next instalments in The Witcher and Cyberpunk franchises
Financials
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Thunderful calls 2024 "a transitional year" as net revenue drops 14.5% YoY
Switch to a "pure-play company" has led to a "very eventful" first half-year
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Embracer sales drop 24% to $754m due to tough comparisons with Dead Island 2
Tabletop games still generating the bulk of Embracer's revenue, net debt decreased to $1.37 billion
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Krafton saves Tango Gameworks, and numbers. All of the numbers | GI Microcast
Latest episode available to download now
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Alan Wake 2 recoups majority of dev costs as Remedy reports H1 revenue rise
Finnish developer also says it has "improved profitability"
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Unity revenue drops 16% to $449m during Q2
Company says second quarter earnings "exceeded previous guidance"
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Warner Bros games revenue down 41% during Q2 due to Suicide Squad
The game's performance was described as "weak," especially in comparison to Hogwarts Legacy's success during Q2 2023
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Bandai Namco profits rose 56% during Q1 FY25
Japanese firm has revised its estimates for the first half of the fiscal year
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Sega's $102.5m full game sales help offset overall decline
Addition of Rovio boosts Sonic firm's results, publishing aiming to grow new gambling business
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Solid Q1 for Sony but PS5 hardware unit sales down 27% YoY
Revenue from software sales on the rise year-on-year though, with 53.6 million PS5 games sold during the quarter
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Square Enix's Q1 profits rise 68% to $72m despite sales decline
Digital Entertainment net sales fell 29%, with sales of new titles dropping 18%
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Nintendo Q1 profits decline 55% as the Switch nears the end of its lifecycle
Hardware sales were down 46.3%, while software sales decreased by 41.3%
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Roblox reports strong Q2 2024 as CFO steps down
Bookings rose 22% YoY to $955.2m, with revenue up 31% YoY
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Meta records loss of $4.5bn in Reality Labs during Q2
CFO expects operating losses "to increase meaningfully" during 2024 due to ongoing product development and investments
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Activison continues to boost Xbox revenues but hardware sees further decline
Microsoft expects content and services revenue to grow in next quarter, but forecasts lower console sales
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EA Q1 results exceed its expectations despite 30% drop in income
Revenue was also down 13% year-on-year, and net bookings decreased 20%
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Capcom games sales down 44% during Q1 FY25
Japanese firm says "all business segments outperformed the company's plan" as its income drops 45% year-on-year
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Hasbro CEO: "We're going all in on becoming a digital play company"
"Our goal is to be shipping one to two new games per year starting as early as late 2025, potentially early 2026," Chris Cocks says
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Paradox Interactive profits drop 90% due to Life By You cancellation
Write-downs of development costs for the game amounted to $19.2 million
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Improbable achieves profitability for the first time
Company was founded in 2012, posted profits of £11 million in 2023
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Ubisoft outperform targets as back-catalogue, digital, and bookings all increase in Q1 24-25
"In a selective market, we delivered a solid start to the year," says CEO
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EA CEO Andrew Wilson earned $25.6 million in FY2024
Stockholders also invited to approve equity incentive plan to better retain talent
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Embracer Group full-year sales rise to $3.9bn, but $1.5bn debt remains
CEO Lars Wingefors says past fiscal year was "transformative" as group presses on towards three-way split
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Bandai Namco reports record sales and rise in profits despite video game decline
But Digital segment beat all forecasts and expects 384% rise in profit next fiscal year