Tag Archives: Financials

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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In a time of sinking sales across nearly all industries, it’s encouraging and surprising to see analysts like Michael Pachter start talking about year-over-year sales increases instead of decreases. More »

Black Ops map packs are selling through the roof. Also, surprise of the century, Activision is raking in money by the truckload.
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Purveyors of UK entertainment merchandise, HMV, announced today that they’ve experienced huge losses over the last year, with video games specifically “underperforming.”
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A new report from industry analysts predicts that consumer video game spending will be down compared to the previous year.
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Square’s taken a glass half-full approach to its Q2 financials, which is really quite admirable.

Even if it is a really small glass.

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THQ’s Q1 financial results are in, and while the UFC Undisputed publisher’s far from eating canvas, we have to imagine it’ll have quite the shiner when it wakes up tomorrow morning.

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Somewhere, off in an – in all likelihood fictional – alternate universe, Kevin Butler’s riding a golden jet ski powered by fuel made from ground-up diamonds.

Of course, he always did that. But now, Sony can actually afford it.

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Recently, for a lot of videogame companies, we have to imagine that getting on the horn for a financial call has been akin to watching crowds gather at the gallows for your own hanging. Only problem is, execs actually survive financial calls, ensuring that they’ll have to shout “Abandon ship!” as their stocks plummet yet again a few months later. No sir, the videogame industry hasn’t been kind as of late.

Unless you’re EA, that is. If you want your financial calls cheery and full of phrases like “number one publisher” and “king of shooters,” look no further. It’s all after the break.

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Say whatever you want about Activision Blizzard, but one thing’s for sure: gaming’s premier publishing powerhouse is never boring. Whether it’s Bobby Kotick tying the industry to a table and rambling on about his diabolical plans to suck the fun out of development or the recent Infinity Ward fiasco, there’s never a dull moment in the house that Modern Warfare added an extra wing onto.

Today’s Q1 2010 financial call was no different, and as a result, did not disappoint. See all the fireworks after the break.

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After taking a $117 million hit from Eidos, Square Enix’s financials are looking a little worse for the wear. The two-headed Japanese giant posted a net loss of 1.67 billion yen for the quarter ending on June 30.

Sales were also down 1.2 percent when compared to the same period last year, coming in at 29.4 billion yen. In spite of that, though, the company’s games division performed quite well, with sales up 7.2 percent. Kingdom Hearts 358/2 Days and Final Fantasy XI (yes, XI) were listed as reasons for this upswing.

Other than that, though, Square Enix is basically doomed. We can’t, for the life of us, think of anything that might pull the company out of this slump. We guess they have that little DS game they released last month. Uh, Large Fictional Lizard Adventure, was it? But who even bought that?

Thanks, Industry Gamers.

Gamasutra has the full scoop on Atari’s first quarter earnings, and things are looking pretty good. Boosted by the strong sales of games like Chronicles of Riddick and Ghostbusters, revenues soared 30% up to €54.5 million ($77.78 million).

However, Atari isn’t popping the champagne and threatening to stop supporting the PS3 just yet. The future, unfortunately, may not be quite as bright.

“This performance in the first quarter is mainly due to a favorable game release schedule and should not be extrapolated for the remaining of the year,” Atari stated.

More through the link.

With BioShock 2, Red Dead Redemption, and Max Payne all banished to the far off temporal land of 2010, Take-Two isn’t expecting much in the way of profitability this year. The company stated as much during today’s conference call.

However, the publisher repeatedly noted that 2010 has become a promised land of sorts, with the above major games and many “unannounced titles” slated for release next year.

Analyst Jesse Divnich of EEDAR, especially, thinks there are good things in store for Take-Two. He gave Joystiq his two cents.

“The news of BioShock 2 being delayed into fiscal 2010 has drastically changed my view on the Take-Two. I originally anticipated that Take-Two would outperform the industry in fiscal 2010. Now, I expect them to dominate fiscal 2010.”

Roll with the punches, Take-Two. Never back down.

According to this, nVidia has reported revenues of $4.10 billion for its full fiscal year, which ended on the seemingly randon January 27, compared to $3.07 billion for the same period a year ago. Profits were $797.6 million, up from profits of $448.8 million from the same period a year ago.

While Sony’s games division may have gone into the black, a small rise in profit and a cut outlook in recent quarterly financials damaged the company’s shares to the tune of 7 percent today, says this.

“The earnings report prompted HSBC to cut its rating on Sony to ‘neutral’ from ‘overweight’, citing the risk that a weakening U.S. economy and the strengthening yen could sap future profits at the maker of PlayStation 3 game consoles and Vaio PCs,” said the report.

Jubilation in the games trade met the news that Sony’s PlayStation division had finally turned a profit earlier this week, and any dip is already being seen as short-lived.

“Investors appear to be overselling Sony,” said Koichi Ogawa, a chief portfolio manager at Daiwa SB Investments. “Maybe this presents a buying opportunity for the stock as, if you take a step back and see, Sony has started making profits on its game business.”

Don’t bother dragging yourself round the internet looking for news on the EA investor call yesterday: we’ve done it for you. See below for everything unveiled in the chat with EA CEO John Riticiello and coverage of the company’s third quarter financial release itself. Don’t forget to listen to big John quacking on in the now-available webcast. You’ll find the link below.

EA financials: Full webcast available now
EA financials: Full transcript available online
EA financials: EA posts third quarter loss on record revenues
EA financials: Spore before Holiday 08
EA financials: Orange Box titles to be split out
EA financials: Lord of the Rings gets new title
EA financials: Rock Band complaints in “single digits”
EA financials: Bioware’s Dragon Age for 2009
EA financials: PS3 still tough for development
EA financials: SKATE outsells Hawk 2:1
EA financials: Rock Band confirmed for Wii
EA financials: Crysis sells a million
EA financials: Bad Company and Merc 2 to ship in “fiscal 2009″

UK magazine publisher Future has taken a revenue hit for the first three months of its fiscal year, down 1.5 percent over the same period for 2006. The company reported revenues of £40.6 million for the three months ending December 31 2007.

“Although we continue to take a cautious view of our markets, the current financial year has begun satisfactorily and the Group’s financial position is solid,” said Stevie Spring, chief executive at Future. “Our strategy remains firmly on track.”

The firm’s stock has rallied since December, when an eye-watering series of drops saw a price close to 27p. Future’s shares stood at 34.75p at the time of writing.