Turtle Beach Revenue Declines

Turtle Beach Revenue Declines

For the nine months ending 9/30/22 Turtle Beach (NASDAQ: HEAR) reported a 46% revenue decline.  Revenue for the first nine months of 2022 was $139 million, versus $257 million in the first nine months of 2021.  For the first nine months of 2022 Turtle Beach reported a net loss of $36 million versus net income for the comparable 2021 period. Analysis The hardware and accessories business has been hammered on several levels this year.  Har.....
Sony Video Game Results are a Major Disappointment

Sony Video Game Results are a Major Disappointment

It is quarterly earnings time and in the video game industry, Sony has become the leading company to watch. Hardware shortages of the PlayStation 5 have been a major industry drag. Unfortunately, the latest earnings release indicates shortages are still an issue. PlayStation 5 Sales Below Expectations On the surface, the Sony results look pretty good. In Sony’s Games & Network Services revenue was up 12% over the previous year quarter. However, S.....
Corsair Has Decent Q3

Corsair Has Decent Q3

Corsair Gaming (NASDAQ: CRSR) reported that revenue for the third quarter ending September 30, 2022 was down 20% to $312 million.  For the first nine months of fiscal 2022 revenue was down 30% to $976 million.  Corsair reported a net loss of $6.2 million for the quarter. Analysis Like many hardware companies, the past year has been tough for Corsair.  However, the company beat both revenue and earnings estimates and came in better than expected (the.....
Konami Shows Revenue Increase for First-Half Fiscal 2023

Konami Shows Revenue Increase for First-Half Fiscal 2023

Konami announced a 6% increase in revenue for the first six months of fiscal 2023, compared with 2022.  However, operating profit declined 35%. Digital entertainment (ie video games) has become the dominant revenue source for Konami accounting for 69% of revenue in the six months ending 9/30/22. Analysis Konami is in several businesses outside of video games including casino slot machines (Gaming & Systems division), arcade games and amusement.....
Ubisoft Results are Okay

Ubisoft Results are Okay

For the first half of fiscal 2023 which ended 9/30/2022, Ubisoft reported net bookings of €700 million, down 2.6% over fiscal 2022, but higher than targeted.  Unfortunately, the company reported an operating loss of €139 million versus an operating income of €44 million for the previous year’s first half. Analysis Ubisoft struggled with product delays and development pipeline issues before COVID.  Three years ago this time, Ubisof.....
Capcom Raises Forecast As Revenue Dips

Capcom Raises Forecast As Revenue Dips

Capcom announced, for the first six months ending 9/30/22, sales were down 30% to 49,067 million yen from the previous year period.  Net income was down 27% to 16,142 million yen.  Despite the decline, Capcom raised its forecast for the fiscal year ending 3/31/22 from 120,000 million yen to 125,000 million yen. Analysis Capcom is a relatively small Japanese publisher that has a long history in the video game business.  The company has so.....
Genvid Announces Massively Interactive Live Event Based on Konami’s Silent Hill

Genvid Announces Massively Interactive Live Event Based on Konami’s Silent Hill

In 2023, Genvid Entertainment plans to launch Silent Hill: Ascension a massively interactive live event (MILE) based on the Konami horror franchise.  The experience is being produced in conjunction with J.J. Abrams’s Bad Robot Games, Behaviour Interactive and DJ2 Entertainment......
Konami Announces Big Plans for Silent Hill Franchise

Konami Announces Big Plans for Silent Hill Franchise

Silent Hill is a pioneering horror video game franchise that has been dormant for many years.  Konami has announced multiple Silent Hill projects in the works to revive the franchise.  All the projects are being created in conjunction with outside developers. The original Silent Hill was a pioneer in horror video games when it launched for the first PlayStation in 1999.  It was followed by numerous sequels but has been dormant since Silent Hill: Downpour in 2012. .....