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Sony financials: game profits down 86.4% in Q3

Thursday, 7 February 2013 08:52 GMT By Dave Cook

Sony’s Q3 financials are in and make for grim reading. The company’s game arm has seen a sharp decrease with a 15.1% drop in sales, accounting for an 86.4% income drop.

Sony Financials

Game department sales decreased year-on-year from ¥316.1 billion to ¥268.5 billion – a drop of 15.1%

The decrease equates to a year-on-year dip in profit from ¥33.8 billion to ¥4.6 billion – a drop of 86.4%

The game department saw a 29.2 billion yen year-on-year decrease in operating cost to ¥4.6 billion / $53 million.

Sony has cited its purchase of Gaikai as a driving factor in what it hopes will be solid financials going into the next fiscal year.

The company cut its game department’s year-end projects to an undisclosed figure, thanks to low sales of PS3 and PSP.

The company’s financial report is broken down into sections of the business, incorporating mobile, televisions and other products, but gaming is our focus here, and the results are’t good.

For the quarter ended December 31st, sales decreased year-on-year from ¥316.1 billion to ¥268.5 billion – a drop of 15.1%.

The decrease equates to a year-on-year dip in profit from ¥33.8 billion to ¥4.6 billion – a drop of 86.4%.

Sony’s report adds that the problem stems from “lower sales of hardware and software
of the PlayStation 3 and PSP”, but that the dip was, “partially offset by the sales of the
PlayStation Vita since it launched in Japan December 2011.”

However, Sony’s game department saw an operating cost decrease due to the, “decrease in sales of PS3 software and PSP hardware.” The department saw a 29.2 billion yen year-on-year decrease in operating cost to ¥4.6 billion / $53 million.

The game department’s sales forecast is low for end-of-year. The report continued, “Primarily due to the lowering of the annual unit sales forecast for portable hardware, sales and operating income are expected to be lower than the November forecast. Sales and operating income are expected to decrease significantly year-on-year.”

However Sony’s consolidated sales forecast across the brand remains unchanged, “due to the favorable impact of depreciation of the yen as well as higher than expected financial services revenue in the third quarter compared to the November forecast.”

Part of this static forecast comes from Sony preparing to sell off some of its assets, the report confirms, “Although the severe operating environment is expected to continue in the fourth quarter, the operating income forecast for the fiscal year remains unchanged because operating income in the Financial Services segment in the third quarter was higher than expected and Sony has been planning to engage in activities such as asset sales.”

It is unclear what assets Sony will sell off, but we should expect to hear more come the company’s Q4 report.

Turnaround?

Sony is expected to announce PS4 on February 20th at its PlayStation Meeting event, in a big to reverse its fortunes as of late.

Many say new hardware is the shot in the arm Sony – and many companies in the console sector – sorely need to get back into the black.

Sony has painted a positive picture for the future of its game department at the end of the report, “In the game business, Sony is working to expand sales and operating income through the introduction of an attractive software lineup and through offering game software on mobile devices, including smartphones and tablets.”

The report also makes mention of Sony’s acquisition of cloud streaming service Gaikai, “In addition, Sony acquired U.S.-based Gaikai Inc. in August 2012, with the aim of strengthening the game business.” It is rumoured that PS4 will use the technology out of the box.

The financial report comes as Sony let go of PS All-Stars: Battle Royale developer SuperBot Entertainment, following poor sales of the fighter. It can be assumed that Sony spent big on the game and lost out.

What do you make of the above?

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42 Comments

  1. Dannybuoy

    I for one will be buying a PS4 at launch. My money is waiting.

    #1 2 years ago
  2. CyberMarco

    I’m no expert in economics but I always had a doubt about how things work around the industry.

    Let’s say SONY invests $1 million every year in the industry and to break even from it’s investments and cover it’s costs SONY should at least gain $1 million in revenue. Let’s suppose that in 2011 SONY made $5 million in profit, that’s 500%(?) of profit, things go well. In 2012 Sony invests $1 million again but this time SONY makes $3 million in profit.

    Does this count as a loss if compared with 2011′s earnings? I mean, in 2011 they got 5 times their investment, but in 2012 they got 3 times, still makes their business “healthy” and able to continue, or not?

    Sorry if I’m confusing some terms etc, not my cup of tea! :p

    #2 2 years ago
  3. Beta

    Buying a PS4 immediately. Primarily for the amazing Naughty Dog games I know will be released in the future :’)

    #3 2 years ago
  4. woe

    Sony sold a building recently so expect that to be included in the next quarter, but still overall things are not looking good.

    #4 2 years ago
  5. gomersoul

    these figures are not as bad as it looks. the title is misleading. bring on ps4.

    #5 2 years ago
  6. DrDamn

    @Dave
    “The company has seen a decrease of income across most of its departments”

    http://www.sony.net/SonyInfo/IR/financial/fr/12q3_sony.pdf

    Sales and operating revenue Q3 2011 ¥1,822.9
    Sales and operating revenue Q4 2012 ¥1,948.0

    The overall results in comparison to previous form are actually seen as pretty positive. Stock up. Losses down.

    Games division is making less yes, but overall picture is seen as quite good.

    #6 2 years ago
  7. CyberMarco

    ^ So in other words, Sony is making less compared to previous years, but still able to maintain a healthy business, right?

    Also what does “year-on-year” mean, is it a comparison of consecutive years in the business?

    #7 2 years ago
  8. viralshag

    @7, Exactly. Year on year is the comparison to the previous year.

    Just because a YoY isn’t positive, doesn’t mean that a company is doing “badly” as such, it just means they haven’t had a good year in comparison to last.

    Obviously, if it’s continual YoY decline you would take action to correct that.

    #8 2 years ago
  9. Beta

    So I’m completely useless with financials but even though it’s lower than previous years they still made a profit yes?

    #9 2 years ago
  10. Dave Cook

    @6 We’re a game site though so the overall picture isn’t the main focus, but I’ve softened that line. Thanks mate.

    #10 2 years ago
  11. Fin

    Yer this actually doesn’t look too bad – and the games department is making money, not losing it!

    #11 2 years ago
  12. Dave Cook

    @11 What? The game department’s profits are down 84%

    That’s not good. At all.

    #12 2 years ago
  13. DrDamn

    @10
    Oh that’s fine, Games focus is what you should have and that is down. Previous wording implied overall was down though. Thanks for updating.

    @CyberMarco
    Year on year is for comparison purposes. For example here we are talking about the third quarter of the financial year – i.e. Oct/Nov/Dec. Year on Year compares Q3 2012 to Q3 2011. So you are comparing like with like.

    #13 2 years ago
  14. Myth

    @7 yep, you could substitute “compared to last year” for year-on-year.

    This is bad for SONY, as the launch of a new console is hugely expensive and will result in reduced earnings for a while. I’d be curious to see a serious study of how much of a buffer they have for the launch, and on what timetable the expect the PS4-console to be profitable.

    They should be making tons on the PS3 at the end of its cycle…

    #14 2 years ago
  15. stevenhiggster

    @Dave profits are down, but its still a profit innit. Look on the brightside matey. Oh that’s right you’re a game journo, you’re not allowed to look on the brightside. :P

    #15 2 years ago
  16. Beta

    It’s not very good, but they still made money at least. And I’m not surprised it’s lower. PSA was a bit of flop and it was their only big exclusive in the Christmas period as far as I’m aware.

    #16 2 years ago
  17. Dave Cook

    @16 Agreed, but that’s a huge, worrying drop. They also said they will be selling off assets to make up for the loss. That is even worse.

    Am I the only one who is worried for them here? :P

    Because this really is worrying news. If PS4 is handled wrong it could put a bullet in Sony’s head.

    #17 2 years ago
  18. Myth

    @11 You’re taking it out of context. That the revenue from the games department is dropping at that point in the lifecycle of the PS3 is not a good sign at all.

    With any console launch you start out deeply in the red, and slowly work your way back to making money.

    #18 2 years ago
  19. Fin

    @12 @18

    I consider anything that isn’t a loss a success!

    #19 2 years ago
  20. Beta

    Well yeah it all hinges on how they handle the PS4. If it goes really well with a nice price point (not like the absurd PS3 launch price) and a good launch line up and some effective marketing we could have a success on our hands :P

    If it goes the way of the PS3 launch (poor marketing, far too expensive, difficult to develop for) then I think Sony may have thoughts about leaving the gaming business.

    Edit* And hopefully TLOU and GOW: Ascension do well and boost the profits a bit.

    #20 2 years ago
  21. DrDamn

    @17
    “If PS4 is handled wrong it could put a bullet in Sony’s head.”

    Yep I agree with this. I think it should have tempered how they approach the coming generation though. The big loss on hardware isn’t a sustainable model in their current situation and MS and Sony are being more conservative and clever in their designs this time around. They will both be aiming to head into profits from the new hardware sooner than last time.

    #21 2 years ago
  22. Dave Cook

    @19 I’m optimistic most of the time like you, I think it’s a good quality, but with this I can’t help but be worried. Imagine a console industry without Sony. It almost sounds alien to say, but it could happen.

    It’s troubling.

    #22 2 years ago
  23. DeyDoDoughDontDeyDough

    I’ll be buying a PS4. Any self-respecting gamer should. And a NexBox. And a Wii U. So there.

    #23 2 years ago
  24. PC_PlayBoy

    Sony suck!

    #24 2 years ago
  25. G1GAHURTZ

    Don’t buy a PS4!! They’re so rubbish.

    Get a 720 instead!! They’re much better.

    (Just warming up for how the next 5-8 years may well turn out…)

    #25 2 years ago
  26. Mike W

    I’m so confuse, the news say Sony as a whole posted a profit and there’s also an article Reuters saying the company is back in the black….

    Am I missing something here?

    #26 2 years ago
  27. Dave Cook

    @26 Black means in profit.

    #27 2 years ago
  28. woe

    Sony cuts Vita sales target again due to ‘slow market penetration’

    http://www.computerandvideogames.com/389717/sony-cuts-vita-sales-target-again-due-to-slow-market-penetration/

    #28 2 years ago
  29. Mike W

    @27

    Meaning that’s good right?

    Excuse my ignorance.

    #29 2 years ago
  30. DrDamn

    @26
    It was a bit confusing. I think they made a profit but for some reason were paying higher tax rates this period. Something like that.

    #30 2 years ago
  31. manamana

    I don’t want Sony leaving the ballroom – PS4, Vita and more Software is on my checklist for this year.

    #31 2 years ago
  32. Psychotext

    Numbers without the headline spin for the Game division…

    Income (Sales)
    Q3 2011: 316.1 billion yen
    Q3 2012: 268.5 billion yen (-15%)

    Net Income (Profit essentially)
    Q3 2011: 33.8 billion yen
    Q3 2012: 4.6 billion yen (-86%)

    Hardware Sales (Units)
    Q3 2011: 9.8m
    Q3 2012: 9.5m (-3%)

    Handheld Sales (Units)
    Q3 2011: 2.4m
    Q3 2012: 2.7m (+13%)

    Home Console Sales (Units)
    Q3 2011: 7.4m
    Q3 2012: 6.8m (-8%)

    Obviously all of the Q3 2012 numbers include Vita sales, which weren’t present in the Q3 2011 numbers.

    #32 2 years ago
  33. Dave Cook

    @30 I think it has something to do with the Yen conversion rate at present.

    #33 2 years ago
  34. manamana

    Wait, what’s that?! “… offering game software on mobile devices, including smartphones and tablets” Sony pushing their IPs to iOS or what?

    #34 2 years ago
  35. Mike W

    So the company post a profit and show signs of recovery, but they’re still doomed?

    The game media is really a fucking joke when it comes to talking about these companie’s finances.

    #35 2 years ago
  36. OlderGamer

    “This is bad for SONY, as the launch of a new console is hugely expensive and will result in reduced earnings for a while. I’d be curious to see a serious study of how much of a buffer they have for the launch, and on what timetable the expect the PS4-console to be profitable.

    They should be making tons on the PS3 at the end of its cycle…”

    —Myth

    There is alot of truth in that. This generational console cycle as a whole has not been kind to a lot of companies the last few years. So that prolly dampens what should be Golden Years for a lot of brands. In a day and age where Apple and other companies put out new Tablets yearly, such a long and extended console life cycles was just a bad idea.

    #36 2 years ago
  37. DrDamn

    @OG
    That last point about long cycles is an interesting one. Wasn’t there something about modular design for the NextBox a couple of years ago?

    #37 2 years ago
  38. Clupula

    Well, if you don’t release anything people want to play, you’re not going to sell as much. Have Sony had a single Triple A title this whole year? It’s been mostly collections and the disaster that was Playstation All Stars, to my knowledge. Now, if the same can be said next year, when they release Last of Us, GOW: Ascension, and Beyond: Two Souls, all of which are getting heavy levels of hype (I’m actually surprised to see how many 360 owners I know want to buy a PS3 for Last of Us), then we can safely say they are in trouble.

    But we all know the Vita is on life support until they lower the price and they haven’t released anything big for PS3 all 2012.

    #38 2 years ago
  39. OlderGamer

    Hard to say Doc, but I think I recall reading something like that. But with all of the information and noninformation floating around it is tuff to get a firm grasp on anything. Everytime we turn around someone, somewhere claims they have the real this or that pined down.

    Thats why I say best to wait and see what the companies themself say. And that I am losing interest in the hype/build up to launch. There is nothing to go on except thin air.

    #39 2 years ago
  40. Mike W

    @38

    Very true, but the company still as a whole made a profit. Last year for for Sony sucked ass, there were no game big hitters at all. It was the lackluster PS:AB and that stupid ass Wonderbook crap.

    This year is a different story, but we will have to wait and see. Staying on topic, the company is showing good signs of recovery.

    #40 2 years ago
  41. theevilaires

    Numbers mean shit at this point. Just release the PS4 with better social gaming at an affordable price, get PS3 to its 10 year life cycle and cut it off production, and keep making killer games. Thats all that matters and PlayStation will continue to live.

    Oh and make the Vita slimmer and improve the OS, put at least 8mp camera in the back too.

    #41 2 years ago
  42. daytripper

    if they have a good show on 20th it could be the start of better things to come, bring it on

    http://i.imgur.com/DIsn8dC.png (credit neogaf)

    #42 2 years ago

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    Dying Light still has legs – maybe because it’s crammed full of secret things to discover. Ten of those have been highlighted by TerraMantis’ latest YouTube video, including reference to the Underpant Gnomes, guitar lessons, farting zombies and well, we don’t want to spoil it for you. Even if you think you’ve seen everything in […]

  • Resident Evil: Revelations 2 Raid Mode dance gestures are deadly

    Why blind ‘em with science when you could kill ‘em with dance moves? revelations raid When I say Resident Evil: Revelations 2‘s Raid Mode dance gestures are deadly, I’m not being figurative. If you finish the first chapter of Revelations 2 you can unlock Gina for use in Raid Mode. All characters can use gestures […]

  • Dragon Age: Inquisition mod enables male Blackwall romance, terrific joke

    “Male Inquisitors can now scale the wall,” says a clever Redditor. A new Dragon Age: Inquisition mod removes Blackwall’s romantic restrictions, allowing male Inquisitors to chat up the fuzzy-faced warrior. Blackwall doesn’t have any race preferences, so you’re good to go there. Dragon Age: Inquisition romance mods are pretty common by now, and to be […]

  • Destiny: it is possible to solo the Weekly Heroic

    Destiny players willing to faff about with their system clock can solo the Weekly Nightfall if they prefer. The Weekly Heroic is one of Destiny‘s toughest challenges. Responding to player feedback Bungie implemented matchmaking for the Weekly Heroic, but there are players who genuinely prefer to go it alone. There’s now no legitimate way to […]

  • Clayfighter remaster on the way, says Interplay

    A Clayfighter remake is inbound, apparently. Interplay has announced a Clayfighter remaster, combining the content of all past games into one package. Features include: Characters such as Bad Mr. Frosty, Blue Suede Goo, Earthworm Jim, Hoppy, Boogerman, Tiny – and more with over 20 characters total Over 20 familiar environments from the series to duke […]

  • The quickest way to climb in Dying Light

    Dying Light players! Are you sick of picking your way carefully up the sides of tall towers? Have I got a trick for you. The parkour system in Dying Light is okay, but climbing anywhere especially high can be a bit tedious. Enter Jesse Lester, who took a look at the tools available and worked […]

  • Bungie “always” looking at Exotic changes for Destiny updates

    Destiny developer Bungie won’t stop tinkering with Exotic weapons. In Destiny, Exotic weapons are supposed to be the best of the best – and to feel unique. Guns like Ice Breaker and Gjallahorn definitely hit the mark there (although less so when everyone has one), but unfortunately, there are a few that just don’t strike […]

  • Is Uncharted 4′s first trailer a tribute to Crash Bandicoot?

    Uncharted 4′s first proper trailer bears some remarkable similarities to the opening moments of a much earlier Naughty Dog game. Uncharted 4: A Thief’s End has more in common with Crash Bandicoot than you might think. It’s Naughty Dog’s first game on a new console, yes – but if you compare Uncharted 4′s E3 2014 […]

  • Sonic console games will continue, says Iizuka

    Sonic Team leader Takashi Iizuka has said there are no plans to stop making Sonic games. Sonic hasn’t retired from the ranks just yet. “Please rest assured, I personally have no plans to stop making Sonic games for home consoles,” Iizuka told 4Gamer [Japanese]. The comment arose after the site asked if Sonic would become […]

  • Stealth Inc. 2 coming to PSN, apparently

    Stealth Inc. 2: A Game of Clones will soon be available on PlayStation platforms, if a trophy list is to be believed. Stealth Inc. 2 initially launched as a Wii U exclusive, disappointing fans of Curve Studios’ tough action game. We’ve heard nothing to contradict this, but Exophase, a generally reliable source, has dug up […]

  • Runescape developer has an “undisclosed MMO” in the works

    Runescape developer Jagex is working on something new. According to Jagex’s careers page, the developer has a new, unannounced game in the works. Its advertisement for a lead programmer makes explicit mention of an “undisclosed MMO”. The ad mentions the new title is in “the preliminary stages of redefining the cross platform MMORPG genre” and […]

  • Destiny PvP rewards system to be addressed

    Destiny developer Bungie has said it will change the way Crucible rewards work. Destiny players are always complaining about the perfidy of RNGesus, but there’s one area where it particularly hurts: the Crucible. PvP players often receive nothing at all for excellent performances, and sometimes Guardians receive the best drops merely for logging in as […]

  • Azure Striker Gunvolt 2 in the works for 3DS

    Azure Striker Gunvolt is getting a sequel. Azure Striker Gunvolt developer Inti Creates has confirmed that the sidescroller has been popular enough to warrant a second instalment. The sequel will also be released on 3DS, the team said on Facebook. Very little information is available at present, unfortunately. “As time goes on we will have […]

  • Life is Strange Episode 2 not delayed, says developer

    Life is Strange developer Dontnod Entertainment has said the second episode is on track for release this month. I guess it would know. Life is Strange Episode 2 has been expected on March 13, but late last week Square Enix told Destructoid it had been delayed. Dontnod has since denied this report, describing it as […]

  • First SteamVR game reveal is Job Simulator

    Job Simulator is the first game to be announced specifically for SteamVR, Valve’s virtual reality tech. Shoot Many Robots and Aaaaa! For the Awesome! developer Owlchemy Labs is the first team to put its hand up and say it’s worked with SteamVR. In a blog post, the studio unveiled Job Simulator, which will be playable […]

  • HTC, Valve partner for Vive VR headset

    The first SteamVR announce is a headset a manufactured by HTC, the Taiwanese mobile company revealed over the weekend. Valve told us last week it planned to unveil virtual reality hardware at GDC, calling it “SteamVR” at the time. Now HTC has pre-empted Valve by revealing Vive, a headset developed thanks to a collaboration between […]

  • Watch the Evolve Chappie Challenge tomorrow on Twitch

    Sony Pictures Entertainment, 2K and Turtle Rock Studios have announced a tournament being hosted by ESL, which will see Evolve players take on newest movie robot, Chappie. The ESL has teamed up with Twitch for the live 4 on 1 competitive event, and you can watch as it all unfolds tomorrow, March 1 at 3pm […]

  • If you’re attending PAX East, stop and have a look at Necropolis

    We haven’t heard much on Harebrained Schemes’ latest since it was announced in November, but today, the team has seen fit to release some interesting gifs of its a new project, Necropolis. Necropolis is a third-person action rogue-like with procedurally generated which can be “re-rolled mid-playthrough” and is headed to Linux, Mac and PC sometime […]

  • Dragon’s Dogma Online really is lovely, as these screenshots prove

    More Dragon’s Dogma Online screenshots have been released, and this batch is just as lovely as the last gallery we posted. Since this game will likely never leave Japan, the images are a bit of a salt rub for fans of the IP, but hopefully another entry in the series will be released at some […]

  • Action-RPG Death’s Gambit has a classic-Castlevania feel to it

    How would you like to become an agent of Death and rid the world of immortals? Then Death’s Gambit may just be the game for you. Announced by LA-based studio White Rabbit, the action-RPG with platforming elements tasks players with fighting gigantic enemies on an alien, medieval planet. Players will also encounter formidable beasts, knights, […]

  • Modder adds offline co-op into Resident Evil: Revelations 2

    PC users lamenting the lack of local, offline co-op in Resident Evil: Revelations 2 will be pleased to know a modder has remedied the omission. The mod, created by FluffyQuack, adds offline co-op mode to Episode 1 but the only caveat is players will need to use gamepads instead of mouse and keyboard (via Gamespot). […]

  • Number of Steam accounts with Dota 2 installed hits over 42 million

    Dota 2 has seen its installation rate jump 85% year-over-year, resulting in the MOBA now having close to 43 million installations worldwide. The figures were published via a report from video game research and consulting firm EEDAR, which studied Steam accounts daily to better understand the service’s player behavior and title performance. According to statistics […]

  • Nintendo issuing Eon Ticket codes for Pokemon Omega Ruby and Alpha Sapphire

    Nintendo is handing out an Eon Ticket to Pokemon Omega Ruby and Alpha Sapphire owners which will allow them to visit the Southern Island. Once a player arrives, depending on which version of the game they own, Pokemon Latios and Latias are able to be caught. The Eon Ticket was originally issued via StreetPass, but […]

  • Here’s a couple The Witcher 3: Wild Hunt screenshots to brighten your day

    Two images for The Witcher 3: Wild Hunt have surfaced on the game’s Facebook page. Grabbed by Gamekyo, the images show Gerlat and Vesemir chatting with a fellow, and the other shows Geralt riding up to some ruins where some people have been hanged. CD Projekt Red will make an appearance at PAX East next […]

  • Hyrule Warriors Boss Pack DLC contains unlockable character – potential spoilers

    While you already know the next DLC for Hyrule Warriors will allow you to play as the gigantic beast Ganon, there’s a rather humorous unlockable character contained in it as well. Potential spoilers follow below. When the DLC arrived in Japan February 26, YouTuber moccos-tan IsedelicaAs posted a video of the unlockable character, which is […]

  • Star Trek Online players gather on Vulcan to pay respects to Leonard Nimoy

    Star Trek Online players paid tribute to Leonard Nimoy yesterday by gathering around a fountain on Vulcan, the home planet of Spock in the Star Trek series. According to a post by barnacle999 on reddit, when he logged into the MMO “there were around 20 full instances and several partial,” culminating in around 1000 players […]

  • Dark Souls 2: Scholar of the First Sin gameplay video shows invasion of The Forlorn

    A new Dark Souls 2: Scholar of the First Sin gameplay video has been released, and provides the viewer with a look at the NPC invader system. Watch below as The Forlorn hunts down the player through the game with “with deadly skill and tenacity.” He even teams up with other enemies, making your fight […]

  • Visual upgrade for Wasteland 2, improved modding tools in the works

    A visual upgrade and improved mod tools are in the works for Wasteland 2, according to a blog post from inXile Entertainment. The upgrades will come about as the game’s codebase is migrated from Unity 4.5 to Unity 5. “A major benefit of moving to Unity 5 is that 5 will include many of the […]

  • Battlefield Hardline brings “Hollywood crime drama” to single-player campaign

    In the fifth developer diary for Battlefield Hardline, the team discusses how it’s bringing “Hollywood crime drama” to the shooter’s single-player campaign. The video was released a couple of days ago, so apologies are in order if this has been posted already, but I promise I searched the site and never found it. Visceral Games […]

  • Masquerada: Songs and Shadows is a pause for tactics isometric RPG coming in 2016

    Masquerada: Songs and Shadows is a 2.5D isometric RPG, built in the vein of Baldur’s Gate and Dragon Age in the works at Withing Hour Studios. The game allows the player to pause combat to plan party tactics. “Set in the Venetian-inspired fantasy city of Ombre where rare masks are the key to casting magic, […]

  • Underworld Ascendant surpasses Kickstarter goal

    Underworld Ascendant which was launched on Kickstarter earlier this month, has met its  $600,000 funding goal. With six days left 10,786 backers pledged $610,541 In light of being funded, the team has also switched up the stretch goals as bit, as you can see in the image below. The studio, OtherSide Entertainment, is fronted by Paul Neurath, […]

  • Latest Evolve patch fixes progress and save game data loss on Xbox One

    A patch for Evolve has been released on Xbox One which fixes lost progress and save game data users had reported. The patch also fixes an issue with shadows and flashlight, makes incremental improvements to matchmaking, invites, and rejoining, and there were progressions balance changes. “The issue with lost progress and saved games was mostly […]

  • Online servers for Ridge Racer Unbounded shut down in Europe

    Online functionality for Ridge Racer Unbounded is no longer available, Namco Bandai Europe has announced. Solo mode and the track editor are still playable, minus the sharing options. Ridge Racer Unbounded was released on PC, PlayStation 3 and Xbox 360 in March 2013. Thanks, MCV.

  • OlliOlli will be a cross-buy title on 3DS and Wii U

    Curve Digital has announced OlliOlli will be a cross-buy title when it releases on 3DS and Wii U. The Roll7 title will be the first third-party title to offer the functionality on the systems. OllliOlli will be released on the eShop March 5 The game launches on Nintendo’s eShop on March 5th, followed by Xbox […]

  • Darkbeast electrifies latest Bloodborne video

    The latest Bloodborne video shows off another monster in the game. This one is Darkbeast and he’s full of electricity. The video is the last of IGN’s month-long coverage of the title.

  • Future Assassin’s Creed games will have greater focus on modern timeline

    Ubisoft plans to focus more on modern timelines in future Assassin’s Creed games, the company suggested during its latest community livestream. During the Twitch stream, one of the lead writers for the Assassin’s Creed series, Darby McDevitt, said the modern timeline for Brotherhood’s town of Monteriggioni could inspire future development. “That only came about because […]

  • Fruit Ninja Kinect 2 is coming to Xbox One next month

    Halfbrick has announced Fruit Ninja Kinect 2 for Xbox One will release next month. The mobile title made its way onto Xbox 360 garnering 1 million downloads as of March 2012. It has a new multiplayer mode for up to four players with Battle and Party modes along with a new progression system. An announcement […]

  • New GTA 5 PC screens – shit the bed!

    Rockstar has pumped out 15 new screens for the PC version of Grand Theft Auto 5. Don’t touch them, because they’re electric. And if you touch them, you’ll get shocked. The PC version of GTA 5 has been delayed until April 14, which both sucks and blows. BUT! There’s a new trailer coming between now […]

  • Sony Japan accidentally erases 20th Anniversary PS4 contest entries

    Sony Japan has accidentally erased all information obtained from PlayStation owners who entered to win a 20th Anniversary PlayStation 4. Those who purchased PlayStation 3, PS4, Vita or Vita TV between December 4 – January 15 were handed a calendar with a code which entered them into the contest. Somehow, all data collected from the […]

  • Hearthstone datamine suggests Blackrock Mountain expansion on the way

    Hearthstone’s next update may be based on World of Warcraft’s Molten Core raid, if datamined information posted on Hearthpwn is spot-on. According to files mined from the latest patch, three new cosmetic card backs are on the way, one of which is called Molten Core. The data suggests that pre-ordering the Blackrock Mountain expansion will […]

  • Using Battlefield Hardline single-player gadgets increases your metagame rewards

    Gadgets contained in Battlefield Hardline’s campaign mode have been detailed, and each provides the player with various ways in which to solve crimes. According to design director Scott Warner, one way to “diffuse” a conflict when confronted with criminal activity is to flash your badge and ordering the criminal to freeze. Putting your gun on […]

  • Mortal Kombat X video is all about story mode, new characters

    After promising a new Mortal Kombat X reveal “soon”, NetherRealm Studios has made good on said promise by releasing the story trailer. The video shows parts of the story mode featuring Mileena, which takes place 25 years after the events of 2011′s Mortal Kombat. Outworld has become a larger threat and new fighters joining the […]

  • Destiny’s shotgun and pulse rifle buffs mean it’s time to rethink your load-out

    Destiny’s most-ignored weapons got major boosts this week. It’s time to start thinking about how to work them into your set-up. Even if you’re used to using scout rifles and sniper rifles as a general loud-out (neither class was touched by 1.1.1), the buffs to pulse rifles and shotguns should make you rethink your contextual […]

  • Battlefield Bad Company 2: five years later, what did it do so right?

    It’s been five years since the release of Battlefield Bad Company 2. What did the much-loved entry in the franchise do for the Battlefield series? Westie’s played Battlefield Bad Company 2 for over 1,260 hours on PS3 and PC. That’s dedication. In his latest video he discusses the stand out moments from a FPS classic, […]

  • War is hell in this Zombie Army Trilogy gameplay trailer

    Here’s five minutes of headshots, shambling zombies and an undead Hitler from Rebellion’s upcoming Zombie Army Trilogy. The Sniper Elite spin-off arrives on PS4, PC and Xbox One March 6 and includes three games (obviously) and a new Horde mode.

  • Titan Souls releases on PS4, Vita, PC on April 14

    Ace indie giant-slayer Titan Souls will be released on PS4, Vita and PC on April 14. Publisher Devolver confirmed the date to Eurogamer. Those of us in Europe will have to wait until a day later for release. Titan Souls is a tough-as-nails indie game where you have one life to slay a giant enemy. […]

  • Destiny weekly update: lowdown on Inferno Crucible, Vault Transfer improvements

    Destiny’s weekly update has made some pretty significant changes – let Arekkz Gaming take you through them. Bungie has revealed the first release date for the new Inferno Crucible mode, and made it a lot easier to access your vault. You should subscribe to Arekkz Gaming. It will improve your life.

  • Destiny: Xur location and inventory Feb 27, 28

    It’s Xursday again – what treats does he have for you this week? He’s in the North Tower, to the right of the Stranger’s room. Let’s take a look at the latest weapons and gear from your favourite Destiny trader. No Backup Plans [Titan Gauntlets] – 13SC ATS/8 Arachnid [Hunter Helmet] – 13SC Heart of […]

  • Battlefield Hardline will be stable on PC at launch, Visceral assures

    PC format is “by far the best gaming platform around,” says Hardline producer. “We’re doing what we can to take advantage of people’s different system with the graphics, framerate, controls, etc. We’re not just porting it over.” Battlefield Hardline developer Visceral is reassuring players that there will not be a repeat of the disastrous Battlefield […]

  • Win Pneuma: Breath of Life for Xbox One

    We have 10 download codes for new indie puzzler Pneuma: Breath of Life for Xbox One to give away. The be in with a chance of winning a code, just enter your details below and we’ll pull the winners from the hat on Monday March 2nd, after 2pm GMT. Pneuma: Breath of Life is a […]

  • Life is Strange Episode 2 delayed

    Life is Strange Episode 2 won’t make its expected release date. The first Life is Strange episode released on January 30, and we had expected the second to follow on March 13. Square Enix has since confirmed to Destructoid that the next chapter won’t make its release date. There’s been no word of the new […]