Sony Games and Network Services

Sony Game and Network Services Revenue Soars

Sony Group (NYSE: SONY) reported a 13% year-to-year revenue increase for the third quarter ending 12/31/22.  The biggest increase in revenue was the Games and Network Services division which saw revenue increase 53% to ¥1,246,549 million (about $10 billion). Hardware sales of the PlayStation 5 were the biggest driver of growth for the increasing 119% as unit sales for the PS5 were 7.1 million in the quarter versus 3.9 million in the third quarter ending 12/31/21.  However full game .....
AMD Gaming Revenue

AMD Beats Expectations in Q4

For the 4th quarter ending 12/31/22, AMD revenue was up 16% over the previous year to $5.6 billion.  For the full year 2022 AMD revenue was up 44% to $23.6 billion.  Net income for the year was down 58% to $1.32 billion. Gaming revenue was up 21% for the year to $6.8 billion.  However, in the fourth quarter of 2022, AMD reported gaming revenue was down 7% from the previous fourth quarter. Analysis In recent years, AMD has c.....
Electronic Arts Q3

Electronic Arts Lowers Revenue Forecast

For the third quarter ending 12/31/22, Electronic Arts (NASDAQ: EA) reported net revenue increased 5% over the previous year’s quarter to $1.88 billion.  Net income for the quarter was $204 million, up from $66 million for the previous year’s quarter. However net bookings for Q3 FY 23 were down 9% from $2.58 billion the previous year to $2.34 billion for the quarter ending 12/31/22.  For the trailing twelve months bookings were down 1% to $7.15 billion Electronic A.....
Video Game Stock Index

Video Game Companies Outperform Market in 2022

At the start of 2023, the DFC Intelligence Video Game Stock Index was launched.  The goal is to track how well the video game industry is doing in comparison to other industries.  In analyzing the first year of data, video game stocks actually did not do as bad as overall tech stocks and stocks of larger conglomerates. Pure-Play Video Game Companies Outperform.....
Forspoken review

Square Enix’s Forspoken is First Major Disappointment of 2023

Square Enix’s Forspoken is one of the first major exclusives for PlayStation 5 to launch in 2023.  Unfortunately, reviews have been mixed with a current score of only 67 on Metacritic. Analysis Forspoken was a highly anticipated title for both PlayStation 5 and PC.  Most reviews have been mixed with some reviewers really enjoying the title.  .....
Console Online Subscribers

Does Nintendo Have the Best Online Subscription Service?

A great deal of attention has been focused on Microsoft’s Game Pass subscription service.  However, the recent Microsoft quarterly earnings show that the service does not appear to be doing much for Microsoft’s bottom line.  Revenue from both Xbox hardware and content and services declined during the holiday 2022 season.  This begs the question, does Microsoft’s game business model make sense.....
Microsoft Video Game Revenue Declines for Holiday 2022

Microsoft Video Game Revenue Declines for Holiday 2022

For the second quarter of fiscal 2023 ending 12/31/22, Microsoft (NASDAQ: MSFT) saw revenue increase 2% to $52.7 billion from the previous year.  Revenue in Gaming declined 13% to $4.76 billion.  For the first six months of fiscal 2023, gaming revenue was down 7% to $8.4 billion.  In the second quarter, game hardware revenue declined 13% over the previous year and Xbox content and services declined 12%. Analysis Microsoft is a large company a.....

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