Mass Redundancies
Intel to lay off 15,000 staff as part of $10 billion cost savings plan
Plans will impact 15% of the company's workforce
Ea Q1 Financials
Electronic Arts: "FC Mobile is the blueprint for our mobile strategy"
Their profits may be down 30% but EA Sports FC Mobile made record net bookings while FC Mobile Madden NFL 24 earned double digit growth
Microsoft's Mobile Mystery
Microsoft made $88 billion profit in FY2024 thanks to Activision Blizzard boost
Xbox revenue was up 61% in Q4 2024, but mobile specific figures remain a mystery
Cash Injection
Embracer bats its $1.5 billion debt back into 2026 and beyond with new €600m credit deal
The embattled publisher has bought itself more cash and time as it continues to restructure
Web3 Wellness
Animoca Brands bookings are up 72% in Q1 as recovery from 2023's decline continues
The company saw a 30% fall in bookings in 2023, but has overturned its fortunes so far in 2024
Clearing Up
Embracer Group pays up $300m to clear $1.5bn debts
Nearly $1bn of its debts will be moved to Asmodee Group when the company breaks up into three separate public entities
Financial Outlook
Pixel Federation appoints Daniel Duranka as CEO after a profitable year
The Slovak company stayed profitable in 2023 as it earned over £42 million in revenue
Pokemon Power
It’s another record-breaking year for Pokémon as revenue reaches $1.9 billion
Pokémon’s mobile catalogue alone generated approximately $1 billion in the fiscal year
Profit Power
Ten Square Games' Q1 profits beat the whole of 2023 as it powers up with AI
Its TSG Store is proving to be a financial winner even through its top games slump
Week That Was
Week in Views - Bytedance's fancy footwork, Sega's soaring success and PlayStation's mobile mania
The Pocketgamer.biz team pick their highlights from the headlines this week and deliver the stories behind the stories
Earnings Report
Flexion reports strongest Q1 to date as revenue hits £18.3 million
The alternative storefronts company experienced a substantial 58% rise in total gross profit of £4 million
Super Sonic
Sega reaches financial targets one full year ahead of schedule in record fiscal year
Sega’s revenues and profits were the highest in 10 years in FY2023
Record Revenue
Bandai Namco’s sales soar while profits plummet, as mobile hardly gets a mention
Record net sales were achieved in fiscal year 2024 but operating and recurring profits fell
Financials
Serbia's 15 most successful gaming companies made €175m in 2023
The Serbian Games Association reports revenue is up 17% year-on-year with 475 new positions being opened this year
Financials
Tencent first quarter revenue sails past $22.5 billion - up 6% year-on-year
The company enjoyed huge growth in Q1, highlighting the performance of Honor of Kings and the Supercell portfolio as key components to their success
Podcast | Episode 12
Xbox's mobile games store and Unity vs. AppLovin | Week in Mobile Games podcast
The PocketGamer.biz podcast team give you the state of play every week. Here's where to get it and and what's inside this week's episode 12…
Week That Was
Week in Views - From Aristocrat's big gamble to Take 2's big game…
The Pocketgamer.biz team pick their highlights from the headlines this week and deliver the stories behind the stories
Earnings Report
Take-Two's mobile bookings make 53% of their total and GTA 6's release date gets locked in
Their latest financials show fiscal year net revenue remained flat year-on-year at $5.35 billion, while net losses increased to $3.74 billion
Earnings Report
Ubisoft posts record bookings for FY24 as mobile division shrinks
Mobile accounted for 4% of net bookings
Financials
Nexon banks on $22bn IP Dungeon & Fighter being a mobile hit in China as Q1 revenue declines
Franchise has generated more than $22 billion to date, as publisher eyes as much as a 90% boost to China earnings with mobile release
Financials
Netmarble cuts losses but revenue falls in Q1 after lack of new game releases
Publisher set to launch Raven 2 in May and four more titles during the second half of 2024
Ads Growth
AppLovin revenue surges 48% Y/Y to $1bn in Q1 as it eyes non-gaming growth
“There is nothing that limits our models to just gaming,” says CEO Adam Foroughi
Unity Financials
Unity says restructure that saw mass layoffs is now complete as it posts Q1 2024 revenue decline
Outgoing CEO Jim Whitehurst claims there is now more positivity around the controversial runtime fee
Record Revenue
PUBG maker Krafton generated 60% of record-breaking $487.7m Q1 earnings from mobile
Mobile earnings totalled $294.6 million in the first quarter of the year, up 15.5%
Nintendo Numbers
Nintendo made $10.8 billion in FY24 with mobile and IP income up 81.6%
It’s been another successful year for Nintendo, but mobile victories are harder to find
Podcast | Episode 10
Brawl Stars smashes 2023 revenue, Square Enix’s extraordinary losses, and Haaland signs for Clash of Clans | Week in Mobile Games podcast
The PocketGamer.biz podcast team give you the state of play every week. Here's where to get it and and what's inside this week's episode 10…
Square The Circle
Square Enix warns of "extraordinary losses" ahead of upcoming financial report
A new, more selective approach will be taken to HD game development after $140.3 million in losses on axed projects
Financials
MAG Interactive revenue falls by 25% Y/Y as it places “big bet” on new crossword game Crozzle
Swedish publisher pays up tax bill on research and development deductions over the last few years
Flexion Finances
Flexion revenue climbs 64% as Epic gives the gaming market a "boost of confidence"
Distributing Monopoly GO! to alternative app stores was one among many 2023 wins at Flexion
Profit Power
Huuuge Games' profits up 35.1% in 2023 despite falling revenue and DAU
Revenue was down 11% but cost cutting measures helped Huuuge achieve another year of rising profits
Netease Nets A Win
Eggy Party helps drive NetEase games revenue up 9.4% to $11.5 billion in 2023
NetEase generated $11.5 billion from video games in 2023
Financial Outlook
Playtika no longer up for sale as it pays share dividends and promises more M&A
Their latest numbers have prompted the company to pause its "strategic alternatives process" which saw them halting work on new titles and changing direction
Financials
Unity shares fall 18% despite revenue growth to $2.2 billion in 2023
Cost-cutting measures bite as company closes offices and pulls back from Professional Services and hardware units
Extreme Expenses
Thunderful lost $59 million in 2023 after Q4 profit fell 574%
Thunderful is laying off approximately 100 staff in the first half of 2024 to cut costs
Profitable Performance
Com2Us escaped the red in 2023 despite "negative seasonality"
Com2Us’ financial report reveals a difficult Q4 but overall successful 2023
A Good Year
AppLovin shines in Q4 2023 with stellar financial results
The company's total revenue in 2023 amounted to $3.3 billion, marking a 17% year-over-year increase
Nitro Numbers
Nitro Games sees record Q4 revenue but the year’s net results remain red
Autogun Heroes supported a successful Q4 and pushed Nitro Games to a stronger 2023, but the dev’s not in the green just yet
Hot Five
Hot Five: Supercell revenues decline, Ubisoft’s mobile games plummet, but MTG signs a Monumental acquisition
Our quick-fix roundup of the hottest stories on PocketGamer.biz
Moderately Mobile
Embracer sees record $1.2 billion in Q3 earnings after axing 1,400 staff
Restructuring plans are "tracking well" but are unlikely to reach all targets by end of the fiscal year
Moving From Mobile
Only 7% of Ubisoft’s net bookings are from mobile, down 28% YoY
Ubisoft’s console lineup has brought in the bulk of its bookings in Q1-Q3
Future Plans
Supercell reveals year-on-year declines in revenue and EBITDA but promises "big and bold changes"
All the talk this morning at Supercell's financial reveal was about restructure, more trust and less distraction
Hypercasual Hero
Mobile revenue exceeds Take-Two’s expectations, making over $2 billion in nine months
Take-Two subsidiary Zynga accounted for 51% of the holding company’s earnings in the latest quarter
Financials
Sega Sammy's entertainment profits slide by 52.5% Y/Y despite Rovio sales boost
Angry Birds developer had its worst quarter for game sales in three years following Sega acquisition
Mighty Mobile
Krafton earned record-breaking $1.4 billion in 2023 with 66% from mobile
Krafton’s mobile earnings grew by 34.5% in Q4
Roblox Victory Rally
Roblox rises with $2.8 billion in revenue and 68 million DAUs in 2023
Roblox users spent 60 billion hours on the platform in 2023
A Good Year
Stillfront Group profits grow 84% to $15.5 million in 2023
“Stillfront’s bookings returned to positive organic growth for the months of November and December in the fourth quarter," said CEO Jörgen Larsson
Dena Data
DeNA pulls back from China as game profits fall 95%, but there’s optimism for Q4
DeNA’s games made a loss in Q3, though its livestreaming revenue is on the rise
Super Mario Success
Nintendo’s mobile and IP sales are up 93.4%
Nintendo reveals $9.38 billion earned in total sales across the first three quarters of its financial year
Job Moves
Devolver Digital CEO steps down and moves on
Douglas Morin is leaving the company following their latest on-track financials, after a difficult year, delays, cuts and an underperforming IPO
Finding Flexibility
Embracer Group secures credit and loan extension to 2025 as it restructures to clear debt
Embracer Group finally cashes in good news for the end of 2023