Levelling Up
Netmarble escapes the red with $4.6m net profit after two years of losses
The dev earned $1.95 billion in revenue in 2024
Hot Five
Hot Five: Unity’s latest layoffs, Supercell’s record $3bn year, and AppLovin’s plans to sell off apps business
Our quick-fix roundup of the hottest stories on PocketGamer.biz
Segment Sales
Embracer’s net sales down as mobile profits dive and headcount plummets
Entertainment and services outearned PC and console sales in the latest quarter
Ads Vs Apps
AppLovin to sell apps business for $900m as it focuses on ads
But ads firm didn't disclose which company would acquire its games portfolio
Profitable Pokemon
DeNA’s games business profits up 8,126.8% after Pokémon TCG Pocket’s success
Nine months into its fiscal year, DeNA attributed profits surge in part to Pocket’s "strong performance"
Shifting Up
Shift Up revenue up 30% to $151m in 2024 despite decrease in Goddess of Victory: Nikke sales
The South Korean developer acknowledged "fierce" competition in the industry but asserted Goddess of Victory: Nikke’s "possibility of long-term success"
Financials
Sega’s net sales slide down 8% year-over-year as Football Manager 25 skips release
Entertainment division saw 8% growth during the past nine months
Pubg Push
Krafton makes record-breaking $1.9bn with mobile revenue up 35.7% in 2024
Operating income also hit a record high, attributed to the success of the PUBG series
Record Revenue
Supercell hits record $3 billion in revenue in 2024
Finnish developer's live games garnered more than 300 million monthly active players globally
Financials
Mobile sales slump hits Square Enix profits
MMOs have proven Square Enix’s only growing games segment nine months into the current fiscal year
Earnings Report
Roblox revenue up 32% in Q4 2024 as losses narrow
UGC platform averaged 82.9 million daily active users in 2024, up 21% year-over-year
Mobile Plans
Nintendo claims it’s still developing mobile games
But the console giant’s last mobile game release was Mario Kart Tour in September 2019
Earnings Report
MTG reports 7% YoY growth in Q4 backed by strong mobile performances and strategic acquisitions
Snowprint Studios made its first organic contribution to MTG's performance in Q4 2024, following its acquisition in October 2023
Financial Outlook
Take-Two's mobile portfolio fuels growth as net bookings reach $1.37 billion
Take-Two said it has major game launches planned for 2025 including Grand Theft Auto VI in the fall
Earnings Report
Stillfront group sees 5% drop in net revenue but reports $153.5 million in turnover for FY 2024
The firm saved money by cutting down on fixed costs, product development expenses, and marketing costs
Switch Ascension
Nintendo Switch sales surpass 150m units, but company profits down 42%
Mobile and IP-related business accounted for 5% of total revenue over the first nine months of the fiscal year
Revenue Result
Meta earned $164.5 billion in 2024 but VR/AR division made another loss
The company’s VR/AR segment made an operations loss of $17.7 billion
Financial Outlook
Xbox hardware sales plummet but Game Pass hits new records
Gaming revenue declined 7%, driven by a 29% drop in Xbox hardware sales
Mobile Monsters
Capcom's operating income drops 38%, but Monster Hunter series hits 100 million sales
"Digital contents" have contributed $189.9 million out of total $201.3 million operating income this year
Ea Estimates
EA lowers estimates for FY2025 after Global Football’s Q3 "slowdown"
EA’s net bookings prediction for FY2025 has adjusted from a maximum $7.8 billion down to $7.15 billion
Earnings Report
Flexion profit rises by 54% to £3.9m as it rides direct-to-consumer wave
The company is working on a new service set to launch in 2025 that will feature an SDK for non-Google/Apple distribution
Record Revenue
Krafton achieves record-breaking quarter with over $500 million in revenue
Mobile led the way in contributing over $300 million in revenue
Financial Outlook
Netmarble CEO cites slowed growth in Q3 2024 as revenue hits $478.6 million
The company plans to launch nine new games next year for mobile and PC
Financials
Unity reveals its Q3 financials as results “exceed guidance”
This year has also marked many changes for the company with new leadership, the cancellation of the Runtime Fee and the launch of Unity 6
Earnings Report
AppLovin's Q3 revenue hits $1.2 billion marking 39% year-over-year growth
Software platform revenue rose to $835 million a 66% increase year-over-year
Earnings Report
Playtika reports Q3 revenue of $620 million as DTC platforms drive 8.3% growth
Revenue from the top three games grew 1.1% but decreased 0.8% year-over-year
Mobile Matters
Take-Two Interactive generated $1.35 billion in Q2, but it’s still stuck in the red
The company reported a loss of $365.5 million for the quarter
Earnings Report
Roblox hits $1.1 billion bookings in Q3 as it cuts losses
Daily active users grew 27% year-over-year to 88.9 million
Earnings Report
Meta's VR/AR division struggles with $4.4 billion loss as expenses rise to $4.7 billion in Q3
Revenue for Reality Labs was $270 million, driven by hardware sales
Earnings Report
EA Mobile net bookings decline by 3% amid game closures
While PC and other segments continue to grow, console remains EA's largest contributor to net bookings
Managing Millions
Trophy Games revenue rises by 56% in Q3 as Airline Manager and Energy Manager drive new installs
Developer recorded a 108% year-on-year increase in paying users during Q3 2024
Profit Plummet
Keywords Studios makes $18.7 million loss despite 6.6% revenue rise
Sinking operating profit has been attributed to "several exceptional items"
Financials
New games and apps business growth drives Lords Mobile dev IGG to $42m profit in H1 2024
Strategy games Doomsday: Last Survivors and Viking Rise push company to growth
Flagship Fishing
Ten Square Games profits up 22.8% as restructure takes effect
Fishing Clash continues to generate more than half of all net bookings, but Wings of Heroes makes a growing contribution
Financials
Thunderful has had a "very eventful" 2024 as it seeks to "withdraw its existing financial targets"
The company's latest financials reveal that revenue is down 14.5% year-on-year but their move to a pure-play company is now complete
Earnings Report
Mobile titles account for 76.4% of NetEase’s online game revenues in Q2 2024
Online games generated 96.1% of the segment's net revenues
Financials
Embracer's Q1 shows year-on-year revenue drops across mobile, PC, console and more
There's a positive spin buried within… But there's still plenty of tough reading up front
Financials
Applovin's Q2 revenue hits $1.08 billion, up 44% year-on-year with net income skyrocketing 286%
Their AI-powered AXON technology is cited as a key driving force for these latest numbers, with further growth to come
Profit Power
East Side Games turns a profit in Q2 as it moves further out of the red
It's time for a turnaround as the games studio recorded a loss of more than $130,000 in Q2 2023
Earnings Report
Krafton hits $1.04 billion in H1 2024 revenue as PC and mobile lead
Q2 earning increased to $532 million - an 83% increase over Q2 2023 despite a console revenue decline
Revenue Arise
Netmarble turns a profit after years in the red, with highest quarterly earnings since IPO
₩782 billion ($570.4 million) in revenue led to ₩162 billion ($118.2 million) net profit
Profit Power
Square Enix’s Q1 profits more than triple despite revenue decline
The company generated ¥69.9 billion in net sales and ¥10.8 billion in profit this Q1
Earnings Report
Take-Two reports $1.34 billion in net revenue teamed with a $262 million net loss
"We expect to achieve sequential increases in net bookings in fiscal 2026 and 2027,” said chairman and CEO Strauss Zelnick
Earnings Report
Nexon hits record Q2 revenue fueled by Dungeon & Fighter Mobile success
Revenue exceeded expectations by reaching ¥122.5 billion a 30% increase year over year
Q2 Financials
Unity CEO Matt Bromberg talks “strengthening the bond with our community” at Q2 financials roll out
As second quarter results exceed guidance for both revenue and EBITDA there are bold plans, shock departures and new appointments at Unity
Playtika Profits
Playtika’s profits surge 63.4% to $86.6 million as it reverses 'no new games' strategy
Direct-to-consumer revenue increased but overall revenue is down in Q2 2024 as the company reveals a return to game production
Profit Power
NCSoft profit bounces back with 59% of revenue on mobile but not all Lineage games are thriving
The dev recorded $51.7 million in net income during Q2 2024, up 133% year-on-year
Profit Plummet
Nintendo profits down 70.6% with falling sales across Switch and other IP ventures
Q1 sales are down considerably with no new hits to follow 2023’s Mario movie and Zelda game
Proof Is In The Profit
Web3 tech firm Improbable makes its first profit after metaverse pivot
The company shifted focus to the metaverse in 2022, and achieved its first ever annual profit in 2023
Platform Growth
Roblox bumps up daily active users by 21% Y/Y as revenue grows to $894m in Q2
UGC platform racked up 17.4 billion hours of play during the last quarter