Sony has published its financial results for the nine months ending December 31, 2024, which saw growth across the board but especially during the holiday period. The platform holder saw major increases in revenue in its Games & Network Services segment, with the PS5 experiencing its best quarter so far. The firm has increased its … Read more
Hisashi Koinuma is Koei Tecmo’s new CEO. Koinuma will assume the role of CEO, director, and president from April 1, 2025, moving up from his current position as COO. Co-founder and current CEO, Yoichi Erikawa, will shift to assume the roles of chairperson of Koei Tecmo Holdings and representative director, whilst existing chairperson and representative … Read more
Thunderful Gothenberg has now rebranded as Stormteller Games. Thunderful Gothenburg was formed when Image & Form and Zoink! Games merged in 2017, but has now been renamed to “make sure it represents everyone in the studio.” The first on the new brand’s slate is Lost in Random: The Eternal Die, which is due to release … Read more
Embracer Group has published its financial results for the nine months ending December 31, 2024, reporting declines across its PC/console and mobile segments. However, it experienced a net profit during its third quarter following the completed spin-off of tabletop publisher Asmodee. Here’s what you need to know: The numbers: For the three months ending December … Read more
Ubisoft has released its financial results for the nine months ending December 31, 2024, reporting significant declines in revenues and net bookings. The firm remains optimistic, however, with the upcoming release of Assassin’s Creed Shadows. Pre-sales of the title are reported to be “tracking solidly” and on par with the franchise’s second-highest earner, Odyssey. Here’s … Read more
The Communication Workers Of America (CWA) has slammed former Activision Blizzard CEO Bobby Kotick’s claims that the numerous reports of harassment that allegedly took place when he was led the firm were “fake.” “Bobby Kotick’s comments on a podcast uplifting billionaires are both insulting to the Activision workers who spoke out about the harassment they … Read more
Microsoft Gaming VP Kayleen Walters has been appointed head of Mojang Studios. Walters – who will assume the position on top of her role as vice president and head of franchise development at Microsoft Gaming – will begin work immediately as current Mojang boss, Åsa Bredin, steps down to “focus on personal goals outside of … Read more
The inaugural Olympic Esports Games will now take place in 2027. The International Olympic Committee (IOC) announced plans for an Olympic Esports Games in October 2023, and initially announced the first Olympic Esports Games would be held in Saudi Arabia in 2025. Now, however, as EsportsInsider reports, the competition has been delayed to 2027 “due … Read more
Krafton has reported “record-breaking earnings” in 2024, with full-year revenue jumping 41.8% year-on-year to $1.85bn. Operating profit also increased, this time by 54% YoY to $825.7m, attributed to the “continued expansion and sustainability of the PUBG IP” and a 35.7% year-on-year boost in revenue from Battlegrounds Mobile India. Yearly net profits were similarly up 119% … Read more
Roblox is reportedly part of an active investigation being conducted by the US Securities and Exchange Commission. As reported by Bloomberg, a response to a Freedom of Information request revealed that the firm was included in an investigation. However, the SEC could not share further details as it could cause “harm to the ongoing enforcement … Read more