Category Archives: Financials

UK retail chain HMV has posted grim financial results and admitted that the company’s future does not look bright.

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Future’s announced this disappointing results for its FY11 this morning, with revenue down and debt up.

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Cryptic’s parent company, Chinese online game developer Perfect World, has reported a rise in profits for the quarter of 587.7 million CNY ($92.1 million), which is up from 486.9 million CNY the prior year. The firm also reported an increase in revenues of 708.9 million CNY ($112 million), up from 579.2 million CNY yoy. All figures were in line with company guidance, reports Gamasutra. “While focusing on further enhancing the content of our portfolio is necessary for our healthy long-term growth, this decision did slow our revenues for the third quarter on a sequential basis. But our third quarter results still represent solid year-over-year revenue growth of 22.4%,” said according to chairman and CEO Michael Chi.

GameStop has reported sales of $1.95 billion for its third quarter, ending October 29, up 2.5% compared to $1.9 billion for the same period in 2010.

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World of Warcraft’s Chinese operator, NetEase, has posted a 39.8% increase in year-over-year revenue, noting a profit rise of 41.3% to $128.2 million and revenues of $308.3 million. The upswing for the quarter ending September 30 is despite the decline in subscription numbers for the Blizzard MMO, which were down 800,000 to 10.3 million for the start of Activision’s Q3 financial period. The publisher attributed the loss of subs to the Asian market, which, at the end of Q2, helped bolster the subscription numbers to 11.1 million. Thanks, Gamasutra.

GAME has reported a year-on-year sales decline across the board, with accessories, hardware, pre-owned and software all down for the 41-week period ending November 12.

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Nvidia’s financial results for Q3 saw an increase in revenue of $1.1 billion compared to $843.9 million yoy and in profits with $178.3 million compared to $84.9 million yoy, thanks in part to increased interest in “highly anticipated blockbuster PC games.” The firm noted growth in desktop GPU sales, naming Battlefield 3 as a major factor, along with Modern Warfare 3 and Star Wars: The Old Republic.

“We believe this surge of PC gaming demand will drive increased demand for NVIDIA’s GeForce products despite the soft consumer PC market,” said Nvidia’s Rob Csongor. “We expect a multiyear PC gaming cycle, as the PC becomes increasingly more powerful than 5 to 6-year-old gaming consoles.” Thanks, Gamasutra.

Activision Blizzard boasted record-breaking digital channel earnings over the past three months, driving a Q3 2011.

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Take-Two has reported better-than-expected results for Q2 FY12 by reporting net revenue of $107 million, compared to $245 million yoy with the strongest contributors led by the Grand Theft Auto franchise, Red Dead Redemption, Borderlands, Sid Meier’s Civilization V, Midnight Club Los Angeles, and NBA 2K11.

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Ubisoft has released its financial results for the first half of FY12, and has reported sales of €249 million ($343 million), down 4.6% compared to €261 million recorded for first-half of 2010-11.

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Farmville and Mafia Wars publisher Zynga saw less bang for its buck in the quarter ending September 30.

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Konami has released its financial results for the first half of its fiscal year, and the firm reported double yoy profits thanks to social game sales tripling. Compared to the same period last year, sales were up 6.3% to ¥123.1 million ($1.5 billion), with net income up 173.4% to ¥11.5 million ($146.5 million).

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Square Enix released its Q2 earnings report today, which noted a 15% year-over-year decrease in net sales to ¥57.516 billion ($735 million) for the April-September period.

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Konami has released a story video for its Metal Gear Solid Peace Walker HD Collection. It’s posted below, courtesy of Andriasang, but isn’t in English. Sorry. It’s out in February as part of the Metal Gear Solid HD Collection on PS3 and Xbox 360.

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THQ has released its Q2 report for fiscal 2012 ending September 30, and it finds the firm reporting net sales of $146 million, compared with $77.1 million in the prior-year period. Net losses hit $92.4 million compared with a net loss of $47 million year-over-year.

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Namco Bandai’s reported revenue of ¥194.2 billion ($2.5 billion) for Q2 of its current fiscal year, which is up 11.9% compared to ¥173.6 billion ($2.2 billion) the year prior.

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Sony’s results for the three months ending September 30 have shown gains for the firm’s PS3 business, but the overall business has suffered heavy losses.

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Sega Sammy’s consumer division posted a 13% year-on-year decrease for the last six months, which the publisher blamed on “weak” international markets and poor sales.

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Nintendo detailed hardware units sales for the European and US markets in its first-half investor briefing this week, noting that PS3 has been the best-selling console in Europe for most of 2011. In the US, 360 is still king.

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In its semi-annual financial results briefing, Nintendo revealed plans for shoring up the creaky 3DS and launching the Wii U next year.

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