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Posts tagged profit

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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Gameloft cares not for recessions, sales up in Q1

Gameloft announced today that sales were up 22 percent year-over-year for its first quarter and the mobile publisher took in $40.2 million in sales. Mobile games represented 94 percent of the haul, with North America increasing sales 57 percent over last year -- Gameloft should send Apple a gift...

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Gameloft says: Recession? What recession?

As the dwindling economy has most companies checking their coffers for cobwebs, developer-publisher Gameloft is sipping mojitos and enjoying a refreshing 15 percent uptake in its revenue over the previous year. In 2008, the company boasted revenue of 110.3 million euros, or $149.6 million, with...

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GameStop used games revenue estimated to be $2 billion

GameStop's revenue on used games is estimated to reach $2 billion this fiscal year, ending January 31. The figure represents almost 23% of the unstoppable corporation's revenue, and is $400 million more than the prior year. The Wall Street Journal notes that about 42% of the company's profits come...

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