http://cache.kotaku.com/assets/base/img/thumbs140x140/kotaku.com.png http://kotaku.com/tag/financial http://kotaku.com/tag/financial

After years of record-breaking holiday sales, GameStop reports its second-highest holiday sales ever, citing economic weakness, item shortages, and winter storms as reasons for the lack of upward momentum. More »
]]> http://kotaku.com/index.php?op=postcommentfeed&postId=5442611&view=rss&microfeed=true

CNBC gives a big free ad to Activision for about a minute, then Daniel Rosensweig, the Guitar Hero CEO, gets down to bidness. He doesn't think rhythm gaming's a saturated market. Less than 20 percent of console-owning households have one. More »
]]> http://kotaku.com/index.php?op=postcommentfeed&postId=5364250&view=rss&microfeed=true

Microsoft's Xbox division booked an eye-popping 66 percent drop in profit for the 2009 fiscal year, reflecting a terrible economy and mirroring steep declines across all of the software behemoth's business segments. More »
]]> http://kotaku.com/index.php?op=postcommentfeed&postId=5321559&view=rss&microfeed=true

Publisher THQ announced its quarterly and annual earnings today, pulling in $830 million worth of revenue last year. That's down from the $1.03 billion the company made during its fiscal 2008, leading to substantial losses. More »
]]> http://kotaku.com/index.php?op=postcommentfeed&postId=5243023&view=rss&microfeed=true

EA embraced the Wii last year and the Wii embraced it right back, with the percentage of revenue due to the Nintendo console nearly doubling over the previous year. More »
]]> http://kotaku.com/index.php?op=postcommentfeed&postId=5241444&view=rss&microfeed=true

Electronic Arts announced its fourth quarter earnings today, pulling in $860 million in revenue, resulting in a loss of $42 million for the three months ending March 31st. EA's annual losses totaled $1.088 billion. More »
]]> http://kotaku.com/index.php?op=postcommentfeed&postId=5241397&view=rss&microfeed=true

Software giant Microsoft announced its quarterly earnings today, boasting $13.65 billion in revenue, with $1.57 billion of that from the division responsible for the Xbox 360. That means some bad, some good. More »
]]> http://kotaku.com/index.php?op=postcommentfeed&postId=5225139&view=rss&microfeed=true

While nearly every other company bled cash, fired employees and cancelled projects, Activision Blizzard posted record results, announcing over $5 billion in revenue for 2008, seeing $429 million worth of profit over the holidays. More »
]]> http://kotaku.com/index.php?op=postcommentfeed&postId=5151500&view=rss&microfeed=true

Publisher THQ was hit hard during its third quarter, losing $191.8 million over the holidays. That loss, previously expected to be net profit, and more lowered expectations will translate to massive cuts to its workforce. More »
]]> http://kotaku.com/index.php?op=postcommentfeed&postId=5146601&view=rss&microfeed=true

Electronic Arts announced today that its quarter ending December 31 saw a massive loss, totaling $641 million. EA John Riccitiello called the lower than expected earnings "a clear disappointment," announcing additional, extended layoffs. More »
]]> http://kotaku.com/index.php?op=postcommentfeed&postId=5145766&view=rss&microfeed=true

Sales were up at Take-Two Interactive, thanks to sales of games like Grand Theft Auto IV and Midnight Club: Los Angeles, but the publisher saw losses also increase to the tune of $15 million. More »
]]> http://kotaku.com/index.php?op=postcommentfeed&postId=5112763&view=rss&microfeed=true

Publisher Ubisoft brought us up to speed on its financial performance today, tallying up first-half sales of €344.5 million ($443 million USD). CEO Yves Guillemot also confirmed that the next Assassin's Creed was in development. More »
]]> http://kotaku.com/index.php?op=postcommentfeed&postId=5099485&view=rss&microfeed=true

Chicago-based developer Midway announced its third quarter earnings today, pulling in $51.4 million in revenue. That's better than the $36.7 million it did the year prior and thankfully in line with expectations. The bad news — oh, there's bad news, naturally — is that Midway took a loss of $75.9 million, with losses planned to continue for the year. That's worse than the quarter before and the year prior, for those who like to keep track of such things. More »
]]> http://kotaku.com/index.php?op=postcommentfeed&postId=5082577&view=rss&microfeed=true

Kojima Productions stealth action game is still buttering the bread at Konami. During the company's first half — ignore those "Q2"s, that's all April to September stuff — gamers worldwide snatched up over 4 million copies of Metal Gear Solid 4, with total Metal Gear series sales amounting to 4.33 million. That's more than a third of the Konami's total game sales for the six month period, with the games division pulling in about $950 million (USD) in revenue. Yeah, you should definitely expect a Metal Gear Solid 5. More »
]]> http://kotaku.com/index.php?op=postcommentfeed&postId=5078587&view=rss&microfeed=true

Things have been tough for THQ over the past couple weeks, with delays, studio closures and a tumbling stock price making headlines. The company announced its quarterly results today which were, surprise, surprise, not too good. The publisher reported sales of $164.8 million, down from $229.3 million in the same quarter last year. More »
]]> http://kotaku.com/index.php?op=postcommentfeed&postId=5077694&view=rss&microfeed=true

In its first quarter as a combined company, Activision Blizzard raked in $711 million for the three month period ending in September, the publisher announced today. That's a big take prior to the holidays and bigger than the projected outlook, but still resulted in a loss of $194 million for the company. More »
]]> http://kotaku.com/index.php?op=postcommentfeed&postId=5077455&view=rss&microfeed=true

Midway isn't the only company feeling the pinch in these troubled economic times, but yesterday they were hit especially hard, according to Forbes. The company's stock hit a 52-week low today, losing 12% of its market value, with owner Sumner Redstone facing the possibility of selling more assets to help keep it afloat. More »
]]> http://kotaku.com/index.php?op=postcommentfeed&postId=5066813&view=rss&microfeed=true

Publisher and developer Konami announced today that it raked in about 70.8 billion yen for the quarter ending in June, which translates to some $655 million in U.S. dollars. That was up from the same quarter last year by about 17%, no doubt in part to the return of Solid Snake in Metal Gear Solid 4. More »
]]> http://kotaku.com/index.php?op=postcommentfeed&postId=5033382&view=rss&microfeed=true

What Capcom called its best performance since it began reporting quarterly results was tempered somewhat by the fact that the company's arcade business is on a steep decline. The costs of a new arcade the company opened in Japan's Shimane prefecture early this year worked to offset its strong home software results and widen losses. More »
]]> http://kotaku.com/index.php?op=postcommentfeed&postId=5031069&view=rss&microfeed=true Thanks largely to strong sales of Monster Hunter Freedom 2G on the PSP, Capcom said it had its best fiscal first quarter since it began reporting quarterly. More »
]]> http://kotaku.com/index.php?op=postcommentfeed&postId=5031034&view=rss&microfeed=true

Electronic Arts more than doubled its year-over-year net sales in the fiscal first quarter, the company announced today. Battlefield: Bad Company, which sold 1.6 million copies, played a key role, and UEFA Euro 2008 and the continuing popularity of Rock Band also pitched in, EA said. More »
]]> http://kotaku.com/index.php?op=postcommentfeed&postId=5030569&view=rss&microfeed=true

Thanks to improved PS3 sales, Sony's games biz reported a profit on their first fiscal quarter, with sales up 16.8 percent over last year. Net sales for the devision were ¥5.4 billion ($51 million), whereas the company lost ¥29.2 billion ($273 million) in the same period last year. More »
]]> http://kotaku.com/index.php?op=postcommentfeed&postId=5030643&view=rss&microfeed=true

Strong performance from Tom Clancy's Rainbow Six Vegas 2, Assassin's Creed and Rayman Raving Rabbids helped Ubisoft exceed its estimates for its fiscal first quarter, the company said today. More »
]]> http://kotaku.com/index.php?op=postcommentfeed&postId=5028665&view=rss&microfeed=true

Activision's no longer just Activision anymore; as of last week, it's Activision Blizzard from here on out. But over the last fiscal quarter while it was still just Activision, the company pulled in $650 million in revenues, topping its own estimation of $500 million. This first fiscal quarter of 2009 was the publisher's highest non-holiday quarter on record, said Activision Blizzard president and CEO Bobby Kotick. More »
]]> http://kotaku.com/index.php?op=postcommentfeed&postId=5025078&view=rss&microfeed=true

Activision Blizzard inaugurated itself with the announcement of a two-for-one stock split for investors, a sign that its outlook is rosy. When a company is doing rather well, it often splits its stock - doing so effectively doubles the number of shares that each investor holds. More »
]]> http://kotaku.com/index.php?op=postcommentfeed&postId=5024282&view=rss&microfeed=true

Activision has officially received shareholder approval for its merger with Vivendi. The company said over 92 percent of its shareholders greenlighted the merger, and the transaction is expected to officially close tomorrow. More »
]]> http://kotaku.com/index.php?op=postcommentfeed&postId=5023049&view=rss&microfeed=true

Strong video game sales, on both console and PC, helped drive retailer HMV to a 25 percent growth in their fiscal year results. The boost, the company says, will help it speed up the rollout of some fancy new stores. More »
]]> http://kotaku.com/index.php?op=postcommentfeed&postId=5021937&view=rss&microfeed=true

For fiscal 2008, Atari reported net revenues of $80.1 million, as compared with $122.3 million for the year previous, the company's annual report revealed. This represents a steady year-over-year decline for the publisher since fiscal 2005, when its revenues were $343.8 million. More »
]]> http://kotaku.com/index.php?op=postcommentfeed&postId=5021417&view=rss&microfeed=true

Atari's fiscal 2008 annual report shows just how dire the publisher's situation has become over the years. Beginning late in 2005, the company began a gradual and aggressive scale-back of its development activities, and by the end of 2007, it had sold away all of its development studios. The company now reveals that it's remained in debt just to sustain its operational costs. More »
]]> http://kotaku.com/index.php?op=postcommentfeed&postId=5021418&view=rss&microfeed=true

Activision had a banner fiscal year, reporting a record $2.90 billion in revenue in March 2008. Generally such victories are credited to a company's executive steerage, and for meeting (or, in this case, exceeding) their benchmarks, it's common for execs to get bonuses. So how much does Activision chairman and CEO Bobby Kotick get? More »
]]> http://kotaku.com/index.php?op=postcommentfeed&postId=5021262&view=rss&microfeed=true

Alright, alright, forgive the distortion, but if you've bought a next-gen console — and worldwide, more than 60 million of us have — then you are "wealthy or hardcore gamers," according to everyone's favorite video game software analyst, Michael Pachter. I don't consider myself hardcore. And my aforementioned $1,500 rent apparently qualifies me as wealthy. More »
]]> http://kotaku.com/index.php?op=postcommentfeed&postId=5020588&view=rss&microfeed=true

Sony's game division saw sales go up 26.3 percent in fiscal 2008 to 267.5 billion yen ($2.5 billion), and while the company still took an operating loss of 124.5 billion yen ($1.2 billion), that's close to half of what it was in 2007. More »
]]> http://kotaku.com/index.php?op=postcommentfeed&postId=5018944&view=rss&microfeed=true

Even as the current console generation marches on, PlayStation 2 sales and software both have kept reliably chugging like a newly-slimlined little Energizer Bunny. But Sony's fiscal 2008 annual report shows that both PS2 hardware and software have begun to demonstrate a decline. More »
]]> http://kotaku.com/index.php?op=postcommentfeed&postId=5018917&view=rss&microfeed=true

Pricing the PlayStation 3 below its production cost caused Sony to lose $2.16 billion in 2007 and $1.16 billion in 2008, the company revealed today. More »
]]> http://kotaku.com/index.php?op=postcommentfeed&postId=5018899&view=rss&microfeed=true

Now that Activision and Blizzard have a set a July date for their merger to be put up to final shareholder vote, it's time for the game industry analysts to do what they do best - analyzing. Lazard Capital analyst Colin Sebastian doesn't just think the joining of the two will form a big game company...he says they'll be the best, at least from a financial point of view. More »
]]> http://kotaku.com/index.php?op=postcommentfeed&postId=5015430&view=rss&microfeed=true

Grand Theft Auto IV's all-time record-breaking launch drove Take-Two to $98.2 million in profits during its fiscal second quarter, the company announced today. This represents exponential year-over-year growth for Take-Two, who saw a loss of $51.2 million during the same period of 2007. More »
]]> http://kotaku.com/index.php?op=postcommentfeed&postId=5013521&view=rss&microfeed=true

Grand Theft Auto IV has sold 8.5 million units to date, with 11 million shipped to retail as of May 31, the company's second quarter financial results revealed today. More »
]]> http://kotaku.com/index.php?op=postcommentfeed&postId=5013522&view=rss&microfeed=true

Electronic Arts has agreed to wait on completing any potential acquisition of Take-Two until the Federal Trade Commission has completed its investigation of the possible merger, the company revealed today through an SEC filing. More »
]]> http://kotaku.com/index.php?op=postcommentfeed&postId=5013087&view=rss&microfeed=true

Lord of the Rings Online developer Turbine has just snagged $40 million in equity financing primarily from Time Warner and GGV Capital, the company announced today. More »
]]> http://kotaku.com/index.php?op=postcommentfeed&postId=5012988&view=rss&microfeed=true

Strong performance of the Rainbow Six, Rayman, The Settlers and Ghost Recon franchises drove Ubisoft to a "record-high profits" in the fiscal year ending March 2008, the company announced today. Ubisoft's sales surged 36 percent to €928.3 million ($1.46 billion) , while net income was up 11.8 percent to €109.8 million ($172.45 million). More »
]]> http://kotaku.com/index.php?op=postcommentfeed&postId=5010486&view=rss&microfeed=true