Take-Two Sees Soaring Revenue and Bookings

Take-Two Sees Soaring Revenue and Bookings

Compared to the previous year period, Take-Two Interactive (NASDAQ: TTWO) saw revenue grow 56% in its third fiscal quarter ending 12/31/22.  Bookings for the quarter grew 60% over the previous year to $1.38 billion.  However, the company also reported a net loss for the quarter of $153 million versus net income of $145 million in the third quarter ending 12/31/21. Analysis Making a year-over-year comparison for Take-Two results is difficult as the company is absorbin.....
Which Video Game Company Stock Is The Next GameStop?

Which Video Game Company Stock Is The Next GameStop?

Video game retailer GameStop made national news when its stock soared this past week.  Most of this rise was due to factors unrelated to the video game industry.  However, it is a sign of a larger trend that will definitely impact video game industry analysis. At the start of 2021, GameStop was under $20 a share.  This represented a nice upward trend, as the stock had been in the $5 range the previous year.  GameStop has had a very low value because its brick.....
Lego Nintendo Partnership Underwhelms

Lego Nintendo Partnership Underwhelms

Lego and Nintendo are two of the most popular brands not just for children, but also for adults.  Therefore rumors the two companies were partnering led to a great deal of excitement among older fans on the Internet.  However, the initial Lego Nintendo partnership reveal was underwhelming. The Lego Group release announced plans to launch interactive Lego sets based on Super Mario.    They described these sets as neither a video game nor a traditional Lego brick-based set.  The ful.....
Nvidia GeForce NOW is Strong Competitor to Google Stadia

Nvidia GeForce NOW is Strong Competitor to Google Stadia

The GeForce NOW cloud gaming service has been operating for several years. Today in a blog post, Nvidia announced GeForce Now is open for all and the service is officially launching. GeForce Now is launching as a $5 a month subscription service. This $5 price includes the first 3-months free and is good through 2020. There is also a free.....
Nintendo Sales Strong/ Stock Drops

Nintendo Sales Strong/ Stock Drops

Last week Nintendo announced its earnings for the nine months ending 12/31/2019.  As expected Nintendo sales were strong.  However, they were not strong enough to please investors who punished Nintendo stock. DFC Intelligence had forecasted a strong holiday season for the Nintendo Switch and it delivered.  For the second half of 2019, Switch hardware sales were up 31% over 2018.&nb.....
PlayStation 4 Game Sales Now Over 1 Billion Games Sold

PlayStation 4 Game Sales Now Over 1 Billion Games Sold

In a press release Sony Interactive Entertainment announced that the cumulative PlayStation 4 game sales has reached 1.18 billion through the end of 2019.  This is up from 924 million at the end of 2018.  This announcement was an update from their previous estimate released earlier this month at CES. The figure released at the Sony CES press conference on January 7, 2020 was 1.15 billion through 2019 and 876 million through 2018.  In other words, the software sales figur.....
Sony Gets Aggressive With PlayStation Now Game Streaming Service

Sony Gets Aggressive With PlayStation Now Game Streaming Service

In advance of the launch of competing services, Sony has announced a major price reduction for its PlayStation Now game streaming service.  In addition to cutting monthly subscription prices in half, Sony has added major new AAA content including Grand Theft Auto V. The new monthly pricing is: US: $9.99 – monthly / $24.99 – quarterly / $59.99 – yearly (from 19.99/ 44.99/ 99.99) CAN: $12.99 – monthly / $34.99 – .....
DFC Intelligence Forecasts Global Video Game Market Spending to Reach $250 Billion in 2023

DFC Intelligence Forecasts Global Video Game Market Spending to Reach $250 Billion in 2023

SAN DIEGO, CALIF. – Video Game Industry analyst firm DFC Intelligence has issued its latest forecast for the global video game market that increases its overall outlook for the market.  This increase is driven by new console systems and a growing mobile game market. DFC Intelligence estimates that the video game software market is expected to grow from $118 billion in 2018 to about $164 billion in 20.....