Nexon reported Q3 earnings earlier this week and revenues were up 28% year over year largely driven by the strong performance of MapleStory, FIFA Online 4, Dungeon Fighter Online Mobile, and HIT2 (Heroes of Incredible Tales 2). Q3 Revenues were a record breaking 97.5B Yen (~ $680m) with profit clocking in at 43.3B Yen (~ $300m). South Korea performed particularly [...]
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Activision Blizzard reported their Q3 2022 earnings today with top line revenue coming in at $1.78B (down from $2.07B from last year) and net income (profit) of $435m (down form $639m). Weaker results this quarter were due to the timing of their biggest release, Modern Warfare II which launched on October 27 (which is in Q4). Highlights for Activision: Strong [...]
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Star Anvil Studios has managed to secure over $150,000 in pledges as the Kickstarter campaign for its upcoming The Secret World tabletop RPG comes to a close. That’s well over the studio’s initial funding goal of $40,000 which it quickly reached within the first day of the crowdfunding drive’s opening. Backers have also unlocked multiple stretch goals over the course [...]
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Kakao Games has seen a very significant dip in its revenue for the third quarter of 2022 compared to the same period last year. The South Korean video game company’s Q3 2022 financial report shows a whopping 34.2% drop in revenue year-over-year at 306.9 billion Won (roughly $215.33 million) which is largely attributed to the “stabilization of mobile game services” [...]
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Sega Sammy reported their Q3 2022 earnings today and there were a few interesting tidbits of information. Firstly, the top 3 free to play games for the quarter were: "Project SEKAI COLORFUL STAGE! feat. Hatsune Miku", Phantasy Star Online 2, and Sega Net Mahjong MJ. Free to play sales also hit a quarterly high of 16.2 billion yen (approx $109m). [...]
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A few months ago, Ubisoft announced that it was decommissioning online services for some of its older titles. Despite complaints and delays, the studio eventually pushed through with the plan earlier this month. EA will soon be following suit, as it announces that it will also be shutting down online multiplayer services for most of its classic titles. The list [...]
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With Microsoft poised to acquire Activision-Blizzard for $70 billion, the company is reportedly making “structural adjustments” which unfortunately included laying off several hundred employees. Insiders report that the tech giant has laid off nearly 1,000 employees from various departments, including its Xbox and Studio Alpha divisions. Microsoft announced back in July that it was planning to lay off less than [...]
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Riot Games is the proud owner of a brand new studio as it buys out Wargaming Sydney which had previously been helping its parent company with development on World of Tanks and World of Warships. The studio also happens to be one of Australia’s oldest and largest video game developers and has been in operation for the past 25 years. [...]
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A massive fire erupted at a data center in Pangyo, Seongnam, South Korea this past weekend which housed servers owned by big-name Korean publisher Kakao Games. The fire and the loss of the servers particularly affected Moonlight Sculptor which went offline at around 11:30 p.m. on Friday night and remained out of service for the better part of the next [...]
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The UK government continues its investigation of Microsoft’s acquisition of Activision-Blizzard over concerns of potential antitrust violations should the merger push through. The country’s Competition and Markets Authority (CMA) has been running the merger through a fine-tooth comb for since last month with a particular focus on the Call of Duty franchise. The CMA is currently looking into the possibility [...]
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