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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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. That shouldn't come as a surprise, considering the financial success of the original …

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…

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…

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…

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. Acti-Blizz…

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…

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. As we reported…

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…

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. Monster Hunter Freedom 2G sales have been "skyrocketing," according to Capcom, since its March 27, 2008 release. The company also said the game broke Japanese PSP…