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.....
Ubisoft Reports Disappointing Third Quarter

Ubisoft Reports Disappointing Third Quarter

For the third fiscal quarter ending 12/31/22 Ubisoft (UBI.PA) reported revenue of €773 million on bookings of €727 million.  Bookings were down 2.6% over the previous year.  For the full year fiscal 2023 ending 3/31/23, Ubisoft expects bookings to be down more than 10% with operating income (loss) of -€500 million. Analysis Last month Ubisoft had prepared investors that results were going .....
Japanese Video Game Companies Increase Focus on Western Markets

Japanese Video Game Companies Increase Focus on Western Markets

In a tough 2022, Japanese video game publishers did surprisingly well in the high-end North American and Europe markets.  This is an indication of a trend of Japan IP having a larger impact on the global market.  It also highlights some major differences between pay-upfront business models and live services/free-to-play models. Japanese Companies Dominated the Late 1980s and early 1990s With the rise of Nintendo in the 1980s, publishers from .....
Konami Reports Flat Revenue for Third Quarter

Konami Reports Flat Revenue for Third Quarter

For its third fiscal quarter ending 12/31/22, Konami Group (9766.T-JP: Tokyo) (KONMY: OTC) reported a year-to-year revenue increase of 4% to ¥78,519 million.  The digital entertainment division responsible for video games reported a 3% decline in revenue to ¥53,721 million (68% of total revenue). For the nine months ended 12/31/22, overall revenue was up 5.5% over the previous year and digital entertainment revenue was up 1.6% to ¥153,959 million.  Profit for the nine-mont.....
Roblox Q4 Beats Expectations

Roblox Q4 Beats Expectations

For the fourth quarter ending 12/31/22, Roblox Corporation (NYSE: RBLX) reported revenue of $579 million, up 2% over the previous year’s quarter.  For the full fiscal year, revenue in 2022 was  $2.2 billion, up 16% over 2021.  Roblox reported a loss of $924 million for the year. Bookings for the fourth quarter were $899 million, up 17% over the previous year.  For the full year, bookings were up 5% at $2.9 billion. Analysis Roblox beat.....
New DFC Game Industry Forecasts Are Looking Bullish

New DFC Game Industry Forecasts Are Looking Bullish

The fourth calendar quarter of the video game industry has always been about big product releases. However, as the final results from 2022 are being released through the month of February, it continues to become clear that new hit titles are only one portion of what has become a massive business. Going forward, DFC Intelligence is redefining its forecast to closely align with tracking the live services segment. The good news is the video game in.....
Home Video Games Drive Increase For Sega Sammy

Home Video Games Drive Increase For Sega Sammy

For its third fiscal quarter ending 12/31/22, Sega Sammy saw sales increase 20% to ¥122 billion (nearly $1.1 billion).  Sales in the entertainment contents division rose 33% to ¥94 billion (about $800 million), with video game sales for that division growing 39% to ¥68 billion. Analysis Sega Sammy is a diversified company that is seeing much of its recent growth from its overseas home video game business.  Sega was a pioneer in home video .....
Square Enix Revenue Declines

Square Enix Revenue Declines

For the latest quarter ending 12/31/22, Square Enix (9684.T-JP: Tokyo) (OTC: SQNNY) saw revenue decline 12% to ¥92,224 million (about $800 million).  Mobile game sales were down 25%, HD game sales were up 10%, and MMO game sales were down 41%.  For the nine-month period ending 12/31/22, sales were down 7%, however, profit was up 16% to ¥46,397 million. Analysis Square Enix has a lot of moving parts.  Its video game division “Digital Entertainmen.....