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EL33TONLINE: News tag archive: financialresults


Electronic Arts LogoElectronic Arts posted a net loss of $82 million for its third fiscal quarter ending December 31st 2009, down a whopping $641 million compared to the same period the year previous, but as net losses fell, so too did the publisher’s revenue for the quarter.

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Sony LogoFor its third fiscal quarter ending December 31st 2009, Sony reported a 3.9% overall sales increase, up to ¥2.24 trillion ($24.33 billion) compared to the same period last year, mainly as a result of increased revenues in the company’s Financial Services and Pictures divisions.

Net income was up to ¥79.2 billion ($861 million), from ¥10.4 billion ($114.88 million) last year, attributed to aggressive cost-cutting initiatives across the company.

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THQ LogoTHQ has posted positive results for its third fiscal quarter, with profits of $542 000 as compared to a $191.8 million loss during the same period last year, as revenues dropped 0.17%, from $357.3 million to 356.7 million.

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Konami Logo Without the help of anything branded ‘Metal Gear Solid’ for the nine months ending December 31st, Konami has posted revenues of ¥190.1 billion ($2.1 billion), which is down from ¥234 billion ($2.6 billion) during the same period last year, representing a drop of 18.4%.

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Koei Tecmo Holdings LogoThe Koei Tecmo Holdings company has posted a third quarter loss of ¥1.84 billion ($20.4 million), and has as a result adjusted its projected year-end profit forecast from ¥7.4 billion ($81.9 million) to ¥200 million ($2.2 million).

The publisher blamed its poor quarterly results on a soft Wii market, weak overseas sales and the unfortunate decisions to postpone titles such as Team Tachyon’s Quantum Theory, and Omega Force’s RPG, Trinity: Souls of Zill O’ll RPG.

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Capcom Logo

Capcom has reported a 866% year over year increase in net profits for the nine months leading up to December 31st 2009, making up the first three quarters of its current fiscal year, resulting in ¥1.73 billion ($19.13 million) in net profits for the period, as net sales increased by 5% to ¥49.98 billion ($553.7 million).

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Namco Bandai LogoNamco Bandai has announced its need to implement a restructuring and cost cutting “restart plan” at the beginning of April, after the company reported a loss of ¥5.70 billion (or $63.17 million) for the fiscal third quarter ending December 31st 2009, as revenues dropped to ¥110 billion (or $1.22 billion) from ¥124.85 billion (or $1.38 billion) compared to the same period last year.

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Nintendo Grey Logo

During the nine months ending December 31st 2009, Nintendo saw profits fall 9.4%, despite what the company called a “robust” holiday season, and noted that its holiday sales “exceeded last year.”

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Microsoft LogoMicrosoft’s second fiscal quarter, which ended December 31st 2009, saw profits for the period rise 60% year over year, from $4.2 billion to $6.7 billion, as revenue climbed 14% from $16.7 billion to $19 billion.

The company noted that there was an “exceptional demand” for the latest iteration of its desktop operation system, Windows 7, which has so far sold a massive 60 million units, which Microsoft says has gone on to become the fastest selling operating system in history.

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In a recent earnings call, Take-Two have reported a $56 million loss during their third fiscal quarter, as opposed to a $51.8 million net profit on revenue of $433.8 million during the same period last year.

Take Two LogoThis represents a roughly 68% drop in revenue year-over-year as a result of a much weaker release line-up for the quarter, in contrast to last year’s third quarter releases Birthday Party Bash for Wii, a multiplatform release of The BIGS 2, and Sid Meier’s Civilization IV: The Complete Edition for the PC, as well as continued sales of the then recently released Grand Theft Auto IV.

Take-Two was quick to remind investors that next year’s release slate will be heavy with Take-Two titles, including BioShock 2, Mafia II, Max Payne 3, and Red Dead Redemption, which are all set to be commercial smash-hits. These titles, Take-Two CEO Ben Feder said, are not expected to release before January 31st next year, but will certainly show up before June.

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In their second fiscal quarter financial report, Activision Blizzard revealed that revenue for the period ended June 30th reached $1.04 billion, ahead of previous estimates of $1 billion, as well the fact that the company has a bevy of new games in development, but were also forced to reveal that the release of StarCraft II was being moved into the first half of calendar year 2010.

Activision BlizzardDriving the excellent performance for the second quarter, however, were titles such as Prototype, Transformers: Revenge of the Fallen and X-Men Origins: Wolverine. Continued strong sales of entries to the Guitar Hero, World of Warcraft and Call of Duty franchises also contributed to the better than expected quarterly revenue.

Activision Blizzard CEO Bobby Kotick also announced 2.8 percentage points of market share growth in North America and Europe across all platforms, rising to 12.7 percent over 9.9 percent last year. Kotick also said that, according to NPD, Chart-Track and Gfk sales tracking data, Activision Blizzard was the number one third-party console and handheld software publisher in North America during the quarter.

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EA’s financial results for the first quarter of the fiscal year are looking a little droopy, as losses of $234 million (up $95 million last year) dragged the company’s performance down.

Electronic Arts LogoEA CEO John Riccitiello says, however, that their quarterly net revenue of $644 million is “better than expected,” even though that number is down from $804 million during the same period last year:

“Good execution delivered better-than-expected financial results in the first quarter,” said Riccitiello.

Driving this performance were the releases of The Sims 3 (with 3.7 million units sold), EA Sports Active (1.8 million units sold) and Fight Night Round 4.

The Sims 3 was notably the top selling game at retail in both North America and Europe for the quarter combined, while EA Sports Active is now officially EA’s most successful Wii game, helping EA to a 21% and 13% share of that console’s market in North America and Europe respectively.

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SEGA LogoSEGA Sammy recently reported results of their first fiscal quarter of 2010, posting a year-on-year decline in sales and a net loss for the three month period ended June 30th - net sales decreased 19 percent from the same period last year to $638.44 million, as net loss was posted at $108.66 million compared to $111.19 million last year.

Additionally, official sales figures were revealed for their Wii-exclusive first-person shooter, The Conduit, which released in the US only seven days before the end of the quarter, but ten days into the second quarter of fiscal 2010 in Europe.

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Capcom LogoCapcom posted financial results for their first quarter of fiscal year 2010 ended June 30th, and flying in the face of poor financial trends and a slow period in the game industry, the Resident Evil developer is able to boast profit growth and revenue increases, resulting in the best quarterly performance they have posted for this period yet.

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Nintendo Grey Logo

Nintendo have posted financial results for their first quarter of fiscal year 2010, for the period of April 1st until June 30th.

The game publishing, developing and hardware giant reported a roughly 66 percent drop in operating profit for the quarter as compared to the same period last year, failing from $1.25 billion to $425 million. Revenue was down to $2.7 billion from $4.45 billion last year.

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