Embracer Group Revenue Grows Via Acquisition

Embracer Group Revenue Grows Via Acquisition

For the first six months of fiscal 2023 ending 9/30/22, Embracer Group (EMBRAC-B.ST) saw net sales grow 148% from the first six months of FY 22 to SEK 16,687.  In the second quarter ending 9/30 revenue grew 190% to SEK 9,569. PC/Console games accounted for 38% of revenue, mobile games were 18%, tabletop games were 35% and entertainment services were 9%. Analysis Sweden-based Embracer Group has been on an acquisition spree the past few years.....
NetEase has Solid Q3 Revenue Growth

NetEase has Solid Q3 Revenue Growth

For the third quarter of fiscal 2022 that ended 9/30/22 NetEase (NASDAQ: NTES) revenue increased 10% to RMB 24.4 billion ($3.4 billion) with games up 9.1% to RMB 18.7 billion ($2.6 billion) over Q3 2021.  For the first nine months of 2022, revenue was up 13% to RMD 71.1 billion ($9.9 billion). Analysis Games and their related services accounted for 77% of NetEase’s revenue in the third quarter.  Mobile games accounted for 69% of game revenue wi.....
Electronic Arts Does Well Without New Games

Electronic Arts Does Well Without New Games

Electronic Arts announced solid results for its second quarter ending 9/30/22.  Overall revenue for the second quarter and the trailing twelve months was up 4% over the previous year period.  Live services has represented 73% of revenue over the past 12 months. Analysis Electronic Arts’ results are impressive given that they are not releasing many new titles.  The only titles that have been released in the first half of fiscal 2023 are.....
Roblox Revenue Increases

Roblox Revenue Increases

For the first nine months ending 9/30/22, Roblox Corporation (NYSE: RBLX) revenue increased 22% to $1.65 billion.  However, net loss was up to $634 million from a loss of $348 million for the first nine months of 2021. Analysis Roblox was one of the biggest gaming IPOs ever in March 2021 with an initial market value of over $38 billion.  Obviously, performance standards for the company are high.....
Activision Blizzard Revenue Declines

Activision Blizzard Revenue Declines

For the third quarter ending 9/30/22 Activision Blizzard (NASDAQ: ATVI) saw revenue decline 14% from Q3 2021 to $1.8 billion.  For the first nine months of 2022 revenue was down 22% over the first nine months of 2021.  In a letter, ATVI CEO Bobby Kotick said the merger with Microsoft is expected to close by the end of Microsoft’s fiscal year on 6.....
Square Enix Results Disappoint

Square Enix Results Disappoint

For the first six months of fiscal 2023, ending 9/30/22, Square Enix Holdings (9684.T-JP: Tokyo) reported a 3.3% decline in net sales and an 11% drop in operating income. Analysis The results for Square Enix were mixed but not that bad.  In May, Square sold Eidos, Crystal Dynamics, and the related IP and studios to Embracer Group.  The goal was to focus more on bl.....
Take-Two Results Reflect Zynga Acquisition

Take-Two Results Reflect Zynga Acquisition

Take-Two Interactive (NASDAQ: TTWO) reported a substantial revenue increase for the first six months of fiscal 2023 ending 9/30/22.  Revenue for the six-month period was up 54% to $3.9 billion.  However, the company reported a loss of $361 million. Analysis In late May, Take-Two completed its $12 billion acquisition of Zynga and that is responsible for both the revenue gain and .....