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
Magic Mag
MAG Interactive records biggest year yet after Wordzee marketing push
MAG Interactive recorded net sales of $34.6 million this year, at a 10% yearly increase
Heads Up
Thunderful explores sale of Bridge Constructor publisher Headup Games nearly three years after €11m acquisition
Company plots "more focused strategy" for the business
Financial Findings
Huuuge Games’ adjusted net profit rose 80% in the first three quarters of 2023
Q3 2023 was Huuuge’s fifth consecutive quarter of rising YoY EBITDA and they've 'huuuge' hopes for the future
Debtmarble
Netmarble cuts losses by 90% in Q3 despite revenue decline
Workforce reduction and original IP stem losses, but publisher still has $1.29 billion short-term debts
Profit Power
NetEase profits up 23.4% as Justice and Racing Master drive strong Q3
Q3 financials reveal 11.6% revenue increase with over 80% from games and related services
Financial Findings
Embracer's Q2 sales up 13%... but 900 employees are out
As the company rounds out a tough year bet sales have risen 13% while mobile sales rose 2%
Gravity Gravitas
Gravity’s mobile revenues rise 95.7% YoY with worldwide Ragnarok success
YoY results show a strong performance in 2023, but figures are down from the last quarter
Rising Revenues
Nexon’s Q3 2023 smashes records with 78% revenue rise in North America and Europe
This marks the sixth consecutive quarterly report with double-digit growth
Road To Profitability
Unity set for more layoffs amid “painful” reset
Game engine firm plans to "rip off the band-aid" to position itself for future growth and become profitable
Playtika Financials
Playtika generated $630.1 million in the third quarter of 2023
The company saw declines in the latest in a series of weak financial quarters
Applovin Financials
AppLovin generated $864 million in revenue in the third quarter of 2023
The company’s software platform drew $504 million, representing 58% of total revenue for the period
Take-two Financials
50% of Take-Two’s revenue came from mobile in the latest financial quarter
Mobile generated $646.2 million in the second quarter of the 2024 fiscal year
Krafton Financials
Krafton generated $343.5 million in revenue in the third quarter of 2023
Mobile was responsible for 68.6% of the total with $235.8 million
Financial Findings
Square Enix’s IPs may be flagging on mobile but net sales are 5.3% up
Square Enix’s latest financial report reveals falling mobile revenue but free-to-play, microtransactions and subscription plans aim to turn the ship around
Stillfront Financials
Stillfront Group drew almost $154 million in revenue in 2023’s third quarter
The figure represents a 7% decline from the same period last year
Ea Financials
EA mobile game revenue declines 5% in Q2
Mobile generated $304 million in revenue in the latest quarterly report, down from $320 million in the period prior
Modern Times, Mo' Money
Modern Times Group Q3 results show "even more encouraging" growth
MTG’s Q3 financials buck trends to reveal 6% year-on-year revenue growth
Capcom Financials
Monster Hunter Now powers surge in Capcom's mobile revenue
The company expects to see mobile revenue double in the next six months
Ubisoft Financials
Ubisoft generated $885.2 million in revenue in the first half of 2023
The company broke records during the period
Rovio Financials
Rovio saw a 5.6% decline in revenue in the third quarter of 2023
The company is "focused on finding out synergies that our life with Sega may entail to bring out the best in Rovio."
Financials
MAG Interactive interim report sees sales slide by 11% quarter-on-quarter
Dips in key metrics are consistent with a turbulent year across the industry
Devolver Financials
Subscription champion Devolver Digital blames subscriptions for fall in revenue
The company’s revenue in the first half of 2023 fell 17% year-on-year
Huuuge Financials
Huuuge Games generated $141 million in the first half of 2023
Despite the success, this represents a year-on-year fall from H1 2022
Netdragon Financials
NetDragon’s gaming segment generated 58% of the company’s revenue in the first half of 2023
The company’s gaming segment saw an 8% increase in revenue, despite incurring a 13% decline in total
Netease Financials
NetEase generated $3.3 billion in revenue in the second quarter of 2023
Mobile continues to dominate the company’s gaming sector
Embracer Financials
Embracer Group drew $131.6 million in net sales from mobile in the latest quarter
Mobile represents just 13.76% of the company’s revenue
Sciplay Financials
SciPlay outperforms social casino genre for sixth consecutive quarter
The company generated $189.9 million in the second quarter of 2023
Tencent Financials
Tencent generated $20.6 billion in the second quarter of 2023
The total represents an 11% increase from the same period of 2022
Financials
Netmarble financials sees 49% slump in earnings and 8% drop in sales
Their quarter two results echo a difficult year for many mobile companies
Mobile Monetisation
Take-Two CEO Strauss Zelnick wants to monetise 100% of its audience
The company is currently monetising only 10% of its players