Microsoft Xbox revenue

Microsoft Hardware Revenue Has Major Decline

For its third fiscal quarter ending 3/31/23, Microsoft reported that Xbox Hardware revenue was down 30% year over year.  Xbox content and services were up 3%.  Overall game revenue was down 4% to $3.6 billion. Analysis The big news this week has been the U.K. blocking Microsoft’s acquisition of Activision Blizzard.  The recently released financia.....
ATVI Revenue

Activision Blizzard Has Strong Start to 2023

For the first quarter of 2023 ending 3/31/23, Activision Blizzard (NASDAQ: ATVI) reported revenue increased 35% over the previous year to $2.38 billion.  Net bookings were up 25% to $1.86 billion.  Net income for the quarter was $740 million compared with $395 million for the first quarter of 2022. In its financial release Activision commented on the U.K. CMA decision to block its acquisition by Microsoft.  The company stated: Activision Blizzard considers tha.....
Sony Firewalk

Sony Acquires Video Game Studio

Sony Interactive Entertainment (SIE) announced it has agreed to acquire Firewalk Studios from ProbablyMonsters Inc.  Previously SIE and Firewalk had announced an exclusive publishing partnership for an upcoming game.  Analysis ProbablyMonsters was founded in Bellevue, WA in 2016, with Firewalk St.....
Video Game Stocks

Video Game Stock Portfolio has 20% Return for the First 3 Months of 2023

Video game stocks did well in the first quarter of 2023.  Stocks in the general video game stock index were up 15% while stocks in the DFC Intelligence Video Game Stock Portfolio showed a 20% return between the first week of January through early April.  This compares with only a 7% increase for the S&P 500. Hardware companies had the strongest gains with Turtle Beach (NASDAQ: HEAR) increasing 52% and Corsai.....
Sega Acquires Angry Bird Developer Rovio

Sega Acquires Angry Bird Developer Rovio

Sega Sammy Holdings (6460.T-JP: Tokyo) has announced plans to acquire Finland-based Rovio Entertainment for 706 million euros (about $776 million).  The tender offer bid will be launched around May 8.  The offer represents a 19% premium over the current stock price. Analysis Rovio is noted for the Angry Birds franchise which in recent years has enjoyed most of its success on mobile platforms.  Angry Birds was released in 2009 and was an early mobile.....
Global Video Game Audience Reaches 3.7 Billion

Global Video Game Audience Reaches 3.7 Billion

The latest DFC Intelligence report shows the number of global video game consumers has soared to 3.7 billion. This is closing in on nearly half of the global population as video games become ubiquitous. The new numbers were reported as part of the latest release in the DFC Video Game Consumer Segmentation service. The reality is the overall number of video game consum.....
Microsoft Activision Blizzard Merger

U.K. CMA Narrows Scope of Microsoft’s Activision Blizzard Purchase

The U.K. Competition and Markets Authority (CMA) has issued updated provisional findings to narrow its scope of review in the proposed Microsoft acquisition of Activision Blizzard.  The new findings reach the provisional conclusion that overall the transaction will not result in a substantial lessening of competition for console gaming in the U.K. market This new finding d.....

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