Nvidia Game Revenue Declines 28% in FY 2023

Nvidia Game Revenue Declines 28% in FY 2023

For the fiscal year ending January 29, 2023, Nvidia (NASDAQ: NVDA) saw its gaming revenue decline 28% from FY 2022 to $9.1 billion.  Overall annual revenue was flat at $27 billion.  For fiscal 2023 net income was down 55% YOY to $4.4 billion. Analysis The past year was rough for Nvidia, but the company is clearly poised for strong growth in coming quarters.  Investors are once again bullish as the company stands to benefit from the growth of the.....
Paradox Interactive Reveals Cities: Skylines II

Paradox Interactive Reveals Cities: Skylines II

Sweden-based Paradox Interactive (PDX.ST) revealed several products for a 2023 release at the Paradox Announcement Show.  The announcement included 3 full games, The Lamplighters League, Life By You and Cities: Skylines II.  There were also expansion packs announced for Crusader Kings III and Europa Universalis IV. Analysis Cities: Skylines was a surprise success when it launche.....
Square Enix CEO Steps Down

Square Enix CEO Steps Down

Square Enix (9684.T-JP: Tokyo) CEO and president Yosuke Matsuda is stepping down.  He will be replaced by Takashi Kiryu, the former chief strategy officer. The change will be finalized at the Annual Shareholders’ Meeting in May. Analysis Matsuda had been a major proponent of NFT and blockchain games.   After a rough 2022 for the category, Matsuda reemphasized the company focus on NFTs in a .....
Don’t Blame the Economy for Poor Video Game Sales

Don’t Blame the Economy for Poor Video Game Sales

As Warner Bros Hogwarts Legacy becomes the latest title to announce record sales it is clear that the video game industry is back on track.  Consumers are in a buying mode, and it is up to companies to execute by delivering quality products.  Blaming the economy is no longer a valid excuse. PlayStation 5 is Now Available! Last year was tough for the video game industry.....
Wizards of the Coast and Digital Gaming Segment Revenue Reaches $1.3 Billion

Wizards of the Coast and Digital Gaming Segment Revenue Reaches $1.3 Billion

Hasbro’s Wizards of the Coast & Digital Gaming Segment saw revenue increase 22% YOY in Q4 to $339 million.  For the full year, revenue in the segment was up 3% to $1.33 billion.  Operating profit for the segment was $538 million.  For 2022, Hasbro saw overall revenue decline 9% to $5.86 billion. Analysis For years there have been attempts by toy companies to find synergy with the video game business.  This includes not only Hasbro but Mat.....
Microsoft Signs Game Deals with Nvidia and Nintendo

Microsoft Signs Game Deals with Nvidia and Nintendo

Microsoft announced two separate deals to bring Xbox games to other platforms.  Nvidia and Microsoft signed a 10-year partnership to bring Xbox PC games to the Nvidia GeForce Now cloud streaming service. In a tweet from Microsoft President Brad Smith, it was announced that Microsoft and Nintendo have signed a binding 10-year agreement to bring Call of Duty games to Nintendo players on the same day as Xbox. Analysis The announcements are cle.....
Paradox Interactive Shows Strong Growth

Paradox Interactive Shows Strong Growth

For the 4th quarter ending 12/31/22, Paradox Interactive (PDX.ST) reported year-over-year revenue growth of 49% to MSEK 580 million (about $50 million USD).  For the full year 2022 revenue was up 36% to MSEK 1973 (about $180 million).  Operating profit for the year increased 189% to MSEK 887. Analysis Swedish-based Paradox Interactive is a small publisher that specializes in complex games, primarily for PC.  Popular games like Cities: Sky.....