Market Analysis May 11 Turkey’s game development sector raised $266 million last year, local market also on the rise Gaming revenue in Turkey crossed the billion mark in 2021. The market now generates more than $1.2 billion per year. This happened at a time when local games development became one of the top investment sectors in the country.
Industry News May 11 Apex Legends reaches over $2 billion in lifetime revenue, as EA live services revenue continues to grow Electronic Arts has released a new financial report, saying that it had record net bookings for the year ended March 31, 2022. The company also revealed the latest results of its top games.
Industry News May 11 This War of Mine surpasses 7 million players globally, seven years after its launch In the wake of its launch on new-gen consoles, This War of Mine has reached a new big milestone. The game has already been played by over 7 million users globally.
Industry News May 11 Sony concerned that adding AAA exclusives to PS Plus at launch might “deteriorate” their quality Sony plans to increase its investment in first-party games by over $300 million. However, the company still doesn’t want to adopt the Game Pass-style model and include its AAA titles in subscription at launch.
Industry News May 11 Unity shares drop more than 30% and hit 52-week low as its financial outlook misses expectations Unity has seen its shares hit a 52-week low after the release of its latest financial report. Investors were not satisfied with the company’s guidance, which forecast slowing growth.
Industry News May 11 Capcom reports 5th consecutive year of record-high profit, with game sales reaching 32.6 million units Capcom has released its financial report for the year ended March 31, 2022. The company achieved several milestones, with its profit hitting new records for the fifth consecutive year.
Industry News May 11 Elden Ring reaches 13.4 million copies sold, as Bandai Namco reports annual revenue of $6.85 billion Elden Ring has reached another milestone, selling over 13 million units globally since its launch on February 25. Publisher Bandai Namco shared the data in a report covering its financial results.