Microsoft’s recent financial filings and earnings call (Q3 of 2024) revealed a concerning trend: Xbox console (X/S) sales have dropped by a staggering 31% year-on-year basis. This decline is a stark contrast to the company’s competitors, Sony and Nintendo, who have maintained a stronger foothold in the hardware market. Microsoft’s Gaming Revenue Soars Despite Console Sales Slump…
North American esports and gaming company GameSquare has recently released its financial report for the year 2023, revealing record revenues of $52 million. This represents a massive 85% increase over the previous year’s $28.1 million in revenues. What Fueled Growth? According to GameSquare’s report, the surge in revenue was mainly driven by the successful integration…
Sony stunned gamers this week by confirming it has no plans to release any major new games in its biggest PlayStation franchises until at least March 2025. In its latest financial presentation, Sony said “we do not plan to release any new major existing franchise titles next fiscal year like God of War Ragnarök and…
Rockstar’s Grand Theft Auto series has been one of the most popular and best-selling video game franchises for over two decades. With the massive success of GTA 5, which has sold over 190 million copies worldwide, anticipation for the next numbered entry in the series, GTA 6, is incredibly high. But when will GTA 6…
South Korean gaming giant Krafton, publisher of PlayerUnknown’s Battlegrounds (PUBG), had a banner year in 2023. The company brought in revenue at an all-time high of $1.4 billion, more than doubling its intake since 2020. This was driven by tremendous growth in PC and console revenue as well as continued dominance in the mobile sector….
Swedish video game publisher Paradox Interactive has published its financial results for 2023, highlighting record revenue growth but mixed feelings about some of its major game launches last year. What were Paradox Interactive’s key financials in 2023? Paradox Interactive generated its highest-ever annual revenues of $252.5 million in 2023, a 34% increase from 2022. However,…
Microsoft dropped its latest earnings release for Q2 FY2024 – Xbox revenue rose by 61% while overall gaming revenue by 49% year-over-year. Here is Microsoft’s overall earnings summary for Q2 FY2024 Revenue $62 Billion +18% Operating Income $27 Billion +33% Net Income $21.9 Billion +27% Cloud Revenue $33.7 Billion +24% Xbox Content & Services Revenue…
