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.....
Roblox Reports December 2022 Metrics

Roblox Reports December 2022 Metrics

Ahead of quarterly earnings, Roblox Corporation (NYSE: RBLX) reported that for December 2022 daily active users reached 61.5 million, an 18% year-over-year increase.  However, the estimated revenue is expected to be flat to slightly down.  Roblox also announced that starting in April 2023 the company will no longer publish monthly metrics. Analysis The discontinuation of monthly metrics is probably a positive for Roblox as it will put the focus on lo.....
Ubisoft has More Setbacks

Ubisoft has More Setbacks

On January 11, 2023 Ubisoft announced it is lowering its bookings target for the third quarter FY 23 ending 12/31/22.  The initial target of €830 million has been lowered to €725 million.  The company also announced a new strategic focus that included the cancellation of three unannounced projects and another delay for Skull and Bones. Analysis It is no secret that Ubisoft (UB.....
DFC Intelligence Launches Video Game Stock Index

DFC Intelligence Launches Video Game Stock Index

Stock prices in the video game and interactive entertainment industry soared during COVID stay-at-home orders.  In 2022, stock prices came down across the board.  As the global economy heads towards a potential recession now is the time to evaluate company valuation.  To track the overall video game industry, DFC has launched the DFC Intelligence Video Game Stock Index. Introducing the Video G.....
Nintendo Releases Patch for Pokemon

Nintendo Releases Patch for Pokemon

On December 1, 2022, Nintendo released a software update for the newly launched Pokemon Scarlett and Pokemon Violet titles.  With the release of the update, Nintendo acknowledged performance issues with the games and issued an apology. Analysis The new Pokemon games have sold well but had well-documented performance issues with graphical glitches and frame rate .....
CD Projekt Has Solid Profit

CD Projekt Has Solid Profit

For the first nine months of fiscal 2022 ending 9/30/22, CD Projekt (OTC: OTGLY) reported that net sales were flat at €133 million.  However, the company showed a net before-tax profit of €57 million (up from €29 million in the first nine months of 2021). Analysis CD Projekt is recovering from its disastrous launch of Cyberpunk 2077 in December 2020.  Cyberpunk is actually enjoying.....
Nvidia Data Center Revenue Soars Past Gaming

Nvidia Data Center Revenue Soars Past Gaming

Nvidia (NASDAQ: NVDA) revenue for the third quarter ending 10/31/22 was $5.93 billion, down 17% from the previous year quarter.  Data center revenue was up 31% to $3.83 billion while gaming revenue was down 51% from the previous year to $1.57 billion. Analysis Nvidia has had a rough year in its game segment.  Shortages led to high prices and it was hard to find graphic cards in the first part of the year.  Going into the second half of 2.....