The DFC Dossier was launched in 2007 to provide analysis and insights into the video game industry. The goal was to highlight the nuances behind DFC Intelligence forecasts. Originally the Dossier was delivered as a PDF file with news, company and product profiles, interviews, and forecasts. The Dossier is now online with core articles available on the main Dossier page. DFC analysis of the latest news can be found on the news page. Detailed forecasts for individual companies and stocks can be found on the DFC Intelligence Video Game Stock Index which launched in 2023, as well as the Market Leaders section which has profiles and the latest stock quotes for companies in the video game space.
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Guide to DFC Analysis
- DFC Dossier: Articles and analysis of current trends
- News Analysis: Commentary on the latest industry news
- DFC Intelligence Video Game Stock Index: real-time quotes on companies in the DFC index and stock portfolio
- Company Analysis: Current stock quotes and links to individual company profiles and quotes
- Software Game Industry Market Leaders: Links to analysis of video game software and services companies
- Hardware Game Industry Market Leaders: Links to analysis of hardware manufacturers active in the video game industry
- Conglomerates: Links to analysis of large diversified companies active in the video game industry
News Analysis Articles
Microsoft Video Game Results Remain Disappointing
For its fourth fiscal quarter ending 6/30/2023, Microsoft reported gaming revenue was up 1% year-over-year. Xbox content and services grew 5% while Xbox hardware declined 13%. Analysis Microsoft’s video game performance continues to significantly underperform the industry. The poor sales for Xbox hardware is in stark contrast to record sales for Sony’s PlayStation 5. …..
Embracer Group Revenue Soars After Acquisitions
For the fiscal year ended 3/31/23 the Embracer Group (EMBRAC-B.ST) saw sales grow 121% to SEK 37,665 million (about $3.5 billion). The growth was driven by major acquisitions the company made during the year. Organic growth was 2% for the fiscal year and -4% in the fourth quarter. The company also announced that they received indications that a major partnership they were working on looked like it might not materialize. Embracer lowered its EBIT forecast for fiscal 20…..
Sony Announces Upcoming Portable PlayStation
At the recent online PlayStation Showcase, Sony Interactive Entertainment announced Project Q, a dedicated device launching later in 2023. Project Q is a portable device with an 8-inch LCD screen that will allow users to stream and …..
Take-Two Stock Up Despite Mixed Results
Take-Two Interactive (NASDAQ: TTWO) reported revenue of $5.35 billion for the fiscal year ending 3/31/23. This beat the guidance of $5.24 to 5.29 billion. However, the company reported a net loss of $1.13 billion versus guidance that the loss would be in the $700 million range. For fiscal 2024, ending 3/31/24, Take-Two is forecasting revenue to remain relatively flat at $5.37 to $5.47 billion. Net loss is anticipated in the $500 million range. Despite the earni…..
Sega Sammy Looking at Major Growth in North America and Europe
For fiscal 2023 ending 3/31/23, Sega Sammy Holdings (6460.T-JP: Tokyo) saw overall revenue grow 21% over 2022 to Â¥390 billion. The Consumer Entertainment Content division that focuses on home video games had YOY growth of 19% for fiscal 2023 and 17% in the fourth quarter. For fiscal 2023, Consumer Entertainment Content accounted for 48% of total revenue and 70% of operating income. For fiscal 2024 which ends 3/31/24, Sega Sammy is forecasting 55% revenue growth for full ga…..
Capcom Sales Grow 14% in Latest Fiscal Year
For the fiscal year ended 3/31/23 Capcom (9697.T-JP: Tokyo) (OTC:CCOEY) saw sales increase 14% YOY to Â¥125,930 (about $1 billion). Net income was up 13% to Â¥36,737. Sales in the video game Digital Contents division increased 12% and accounted for 78% of overall revenue. Capcom sold 41.7 million home video game units in the year, the highest in company history. For the fiscal year ending 3/31/24, Capcom is forecasting 12% sales growth. …..
Square Enix Sales Decline
For the fiscal year ended 3/31/23 Square Enix (9684.T-JP: Tokyo) reported a 6% decline in revenue to Â¥343,267 million (close to $3 billion). The Digital Entertainment division, which accounts for 72% of sales, saw a 12% decline. Analysis It was a turbulent year for Square Enix. Last May, the company sold its Western-based Eidos division to the Embracer Group. …..
Roblox Has Strong Q1 2023
For the first quarter ending 3/31/23, Roblox Corporation (NYSE: RBLX) reported record revenue of $655 million, up 22% over the previous year quarter. Bookings for the first quarter were $774 million, up 23% over the previous year. Roblox reported a loss of $268 million for the first quarter 2023 versus $160 million for Q1 2022. Analysis Roblox bookings were a record $899 million in the fourth quarter of 2022. Because bookings include deferred rev…..
Articles of Interest
In addition to DFC’s own opinion, we suggest recent third-party articles of interest that include brief comments on why we recommend these articles as subject for future research.