Tencent Game Revenue

Tencent International Game Revenue Increases

For fiscal year 2022 ending 12/31/22, Tencent saw revenue from games decline 2% to RMB 171 billion (about $25.9 billion).  This was a 2% decline from 2021 when game revenue was RMB 174 billion.  However, international game revenue was up 3% to RMB 46.9 billion (about $7.1 billion).  Domestic game revenue for 2022 declined 3.7%. to RMB 124 billion. The decline was in mobile game revenue (including social network mobile games) which decreased 2.6% to RMB 161 billion (about.....
Nvidia AI

Nvidia Grows Beyond Games

On March 22, DFC Intelligence had the privilege to join a private analyst briefing with Nvidia CEO Jensen Huang.  This was an opportunity to ask Huang detailed questions following his keynote at the Nvidia GTC conference the previous day. The focus was almost entirely on Nvidia’s future in AI.  The key takeaway from the keynote and briefing was that Nvidia is in the process of its most expansive growth of business model ever.  That expansion is into AI which is hitting.....
Will Xbox First-Party Software Catchup to PlayStation in 2023?

Will Xbox First-Party Software Catchup to PlayStation in 2023?

It is no secret that in recent years Microsoft has made a significant investment in beefing up its internal video game software development.  However, since the 2020 launch of the PlayStation 5 and Xbox Series X/S, Sony has been ahead when it comes to notable first-party software.  This may be changing going forward as some big-name exclusives are scheduled to launch for Xbox platforms. As PlayStation 5 shortages ease, the new .....
Nvidia Artifical Intelligence

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.....
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

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 .....
Video game Forecast

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.....

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