We are coming to a close on news regarding quarterly earning reports and there was some interteres on Embracer Group as we are heading for the first anniversary of the purchase of the western studios of Square Enix including Eidos Montreal and Crystal Dynamics. Embreacer Group announced their Q3 2023 with a record 128% growth on revenue ascending at an US Dollar equivalent of $1.12 billion with...

Yep, it is the turn of Nintendo to say how things were in the past trimester and while things are not looking so good for Nintendo Switch entering its 6th year of life, there is a big record broken. Nintendo published its Q3 2023 result having its net sales were down 1.9% at 1295 billion yen and net profit down 5.8% at 356.2 billion yen, respectively an equivalent of $98.2 million and $26.7...

Despite the expectations that UK CMA will be a major victory for Microsoft and its journey to be able to legally acquire Activision Blizzard, the tech giant from Redmond has published its Q3 2023 earnings and things are not looking good, even for Xbox. Despite having a positive revenue and income, respectively of $52.9 billion (7% up from last year) and $18.3 billion (9% up), Microsoft could...

Ironically at one year to the day after Microsoft announced its intention to purchase Activision Blizzard for around $69 billion and Microsoft prior to announce its Q3 2023 earning reports in the coming days, Microsoft announced that layoff will be starting this week along next quarter, confirming reports that they were bound to cut 4.5% of 220,000 active employees. That 4.5% can be traduced as...

Not everything is bad news for Nvidia and while its Q3 2023 earning reports could have gone better if life had other plans, the company is not limiting on what’s to come with GeForce and planning on the future for its Data Center business. Alongside Microsoft, Nvidia announced that they will be in a multi-year collaboration to develop powerful AI supercomputers and design them to be...

I admit that the Q3 2023 of Sega Sammy, the parent company of Sega, went under my radar, but what a great opportunity to make up for making this happy update that the company gives to investors and has to do with the important access of EVERY company, their employees. Sega announced that it will increase the average monthly salary of existing employees by approximately 30%, effective on July 1,...

Another big gaming interest in these days of financial earnings is 2K parent company Take-Two Interactive, which took the opportunity to address the hacking and leak of 2K internal data and many accounts for Grand Theft Auto 6. Evidently, Take-Two Interactive CEO Strauss Zelnick, needed time to address the hacking situation that both Rockstar Games and 2K Games fell victim to and as of the...

The Third Quarter for Take-Two Interactive Fiscal Year of 2023 went lower than expected, but the company that houses 2K Games and Rockstar Games appeals that it is a resonance of the market and not the hacking incident of late 2022. Take-Two Interactive announced their Q3 2023 (via Seeking Alpha) having made $1.048 billion dollars with net income of $889 million, both metrics lower than the...

With the end of holidays and New Years festivities, comes the first season of earning reporting for 2023 and that includes gaming interests but interestingly, it is not the turn for Ubisoft yet, some bad news just became public ahead of quarter end. Ubisoft announced that they needed to update their Q3 2023 forecast of sales as the company admitted being facing “major challenges as the...

Indeed the surprising update on Q3 2023 earnings to be a somber one by Ubisoft and an aftermath message to employees, Ives Guillemot faces another challenge on the company he founded and it is his own employees. Game Developer reported that Ubisoft Paris, mainly the Solidaires Informatique union worker, have created a vote of strike, protesting the message of Yves Guillemot gave to employ after...