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Posts tagged profit

Star Wars: The Old Republic hits a million players, 28 million hours played

EA has announced that Star Wars: The Old Republic has assembled more than a million registered players in its first week officially live, earning it the self-granted title of "fastest growing subscription MMO in history." A million players is a solid milestone, but EA and BioWare still have...

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Minecraft dev's profits spawn new, six-person studio

When he's not flying to Valve to speak about his world-building game, Minecraft, one-man development team Marcus Persson has been spending his days lately scouting for a new office and a couple more employees. Profits from his yet-to-be-finished crafting game have already netted enough to start a...

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Nikkei: Sony enters the black in fiscal Q1, game division turns a profit

According to a report from Japanese newspaper Nikkei (translated by Andriasang), Sony will be reporting its fiscal 2011 first quarter results (April 1 through June 30) in the coming days, posting an operating profit somewhere between 10 billion ($114.63 million) and 30 billion yen ($343.89...

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Newest PS3 SKU has updated, cheaper RSX innards

Japanese tech site PocketNews recently -- for reasons unbeknownst to us -- cracked open the smooth, colorless shell of the new CECH-2100A model of the PlayStation. What did they find inside? Candy. So much candy. They also found a smaller, more energy-efficient RSX graphics chip, which allows Sony...

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EA joins the Fortune 500

There are two kinds of corporations in the US: those who count themselves amongst the top 500 companies, according to Fortune magazine, and those who can't afford Fortune magazine. And now Electronic Arts has managed to break its way into the august ranks of the Fortune 500, CNN reports, at number...

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Turbine makes more money by giving its MMO away for free

Here's a story that you're probably going to see a lot over the next few years: A company started giving away its game for free, and now reports that it's making more money than before. That's what happened to Turbine, maker of the Dungeons and Dragons Online MMO. Last year, it decided to move from...

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Funcom posts $9.6 million loss in Q3 2009

Following a round of layoffs, a delay for one of its most anticipated titles and continuing reports of the player decline of Age of Conan, we knew that Norwegian developer Funcom wasn't in the best shape. Earlier today, the company posted its Q3 financial results and confirmed our suspicions: The...

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SouthPeak doubles game sales in 2009 amid dropping profits

Though SouthPeak is keen to point out that its net revenues rose from last year by $7.2 million, the company's profits for the year remain firmly in the red, with a $12.1 million posted loss for the 2009 fiscal year ending June 30. SouthPeak's loss report comes confusingly paired with a 100%...

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Ubisoft's net profit declined 37 percent in past fiscal year

It's time for another installment of "Sales Go Up, Profit Goes Down," the completely perplexing economic phenomenon that's been taking the gaming industry by storm as of late. Today's contestant is Ubisoft, who in April reported a 14 percent annual sales increase over the past fiscal year, from...

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NCsoft has solid Q1 sales, profits thanks to Aion

NCsoft is apparently off to a good start in 2009 -- notwithstanding Richard Garriott's lawsuit -- thanks to "solid maintenance" of Lineage and Lineage II, along with sales of its new MMO, Aion. The publisher's sales were up 51 percent year-over-year to $107.7 million in the first quarter, with net...

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