I'm not a true financial analyst, but #meme made one Japanese company times more expensive!

#Finance #Business

AppMagic measured that miHoYo Games hit $8B in user spending this July – Genshin Impact contributed 73% of that impressive result!

Top markets are China, Japan, and only then USA.
Platform distribution: iOS (69%) and Android (31%)

#Business #Finance

Gaming VC funding reached pre-covid levels #Business #Finance – it has been in decline for over 2 years in a row. The next quarter is very important and slight growth is expected.

One of the craziest parts: people who were fired from Bungie will lose some of their shares that will be reverted the same as they would if they quit by their will.

#PlayStation #Bungie #Business #Finance

Microsoft will terminate over 1900 contracts in its gaming division. The majority of them will be in Activision Blizzard, recently acquired for $69B.

There are several top-tier workers among people who will leave the company including Mike Ybarra, the president of Blizzard Ent.

It means that on January alone there were about 6000 jobs lost across the game industry, compared to 15-20K during the last year.

#Business #Finance #Microsoft #Xbox

Gainax animation studio went bankrupt.

They created Neon Genesis Evangelion, Royal Space Force, Gunbuster, Nadia: The Secret of Blue Water, Kare Kano, FLCL, Magical Shopping Arcade Abenobashi, and Gurren Lagann

#Business #Finance

Meanwhile, #AI has no impact on real economic performance outside stocks markets

#Economy #Business #Finance

If you are looking for investments into game studio, it's gonna be good to know what are these $$$ for. Narwhal Accelerator explained it in this detailed article:

Advanced Profits & Loss (P&L) guide for game developers

#Finance #Business #GameDev #Investments

Initial sales of Star Wars Outlaws were significantly lower than Jedi Survivor and only slightly better than Avatar Frontiers of Pandora.

Investors expected way more from a well-known franchise and Ubisoft market cap fell under 2 billion.

🤔 What's the problem?

The game brings nothing new to the table nor anything "good old" as a fan service product — it's exceptionally bland and safe up to the point where it's barely a Star Wars game.

#Ubisoft #Business #Finance

According to several sources, #Tencent wants to buy #Ubisoft for the second time. The last time their shares were $100, now about ten times less...

#Finance #Business

2024 was a tough year for Don't Nod:

First, Banishers: Ghosts of New Eden and Jusant sold poorly despite fairly good critics and players reception. And then Don't Nod delayed Lost Records: Bloom and Rage and tried to focus more on Life is Strange: Double Exposure.

Because of that their market cap fallen drastically (losing 70% of the value over the year). Now they requested Euronext to suspend shares trading fully until further notice. What is going to be in the upcoming press release is unclear, but it sounds off.

Their current market capitalization is at 19.55M Eur., which is lower than the budget of their typical game. Since 2018 they lost 93% of value, falling from 32 Eur. per share to just 1.5 and now fully suspended.

#Finance #Business #Europe

Your Unreal Engine assets are a time bomb and you don't own them.

Just to clarify: here's how Free FAB asset looks like, after it's no longer free. You can only claim it for your tier (Personal or Pro). The majority of you are at Personal tier and can only claim it, not the higher one.

Then after the item is no longer free and in case you get income OR FUNDING that will exceed your tier to the Pro one, you owe Fab $350 for this asset alone. And potentially thousands upon thousands for all their so-called "Free Assets".

It's a huge time bomb that is currently planted in thousands of indie games and will screw them up in the next couple of years.

#Finance@GameDEV
#GameAssets@GameDEV
#EpicGames@GameDEV

Dragon Age The Veilguard has been a failure, now it's official: EA announced that only 1.5 million people played the game, which is twice lower than expected.

⚠️ And those ARE NOT SALES: the game has been in several subscription offers.

EA Sports FC 25 is also not doing great. Altogether those games caused worse than expected financial results for the last quarter of 2024:

Press Release

#DragonAge@GameDEV
#EA@GameDEV
#Finance@GameDEV

According to presale data, EA is going to lose 15% of its market cap after the negative financial report.

#EA@GameDEV
#Finance@GameDEV

NVIDIA lost almost 600B in a single day after Chinese DeepSeek startup proved that AI can be way more efficient and doesn't require such a growth in compute power.

It's the highest ever loss of stock prices in history. The company is no longer on the first place, so Apple is leading again.

#NVIDIA@GameDEV
#Finance@GameDEV

Savvy Games Group with Scopely acquires Niantic, Inc. for $3.5 billion.

#Business@GameDEV
#Finance@GameDEV
#MobileGames@GameDEV

And a bit more into Steam revenue

#Steam@GameDEV
#Finance@GameDEV
#SplitFiction@GameDEV
#AssassinsCreed@GameDEV

I'm not surprised 😑

#EA@GameDEV
#Finance@GameDEV
#LayOffs@GameDEV

Good one!

https://www.youtube.com/watch?v=De7s-IB_DAw
#Hardware@GameDEV
#Finance@GameDEV

The ongoing AI bubble is already bigger than the dotcom bubble in the late 90s. And it will pop, it's unavoidable.

#Finance@GameDEV
#AI@GameDEV