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
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
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…..
Blizzard and NetEase will Suspend China Game Services
Blizzard Entertainment, a division of Activision Blizzard, announced that due to the expiration of its licensing agreement with NetEase it will suspend China services of most Blizzard games on January 23, 2023. The licensing agreement has been in place since 2008 but the two companies could not come to an agreement. In its …..
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
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
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
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 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 …..
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.