GameWorldObserver.com: online magazine about video games industry

All publications for 31.07.2024

Industry News July 31

“We began running in the red”: Bungie lays off 220 employees, forms new studio within PlayStation

Bungie is downsizing and restructuring its operations. The Destiny developer has decided to lay off 220 employees, or about 17% of its total workforce.

Industry News July 31

Electronic Arts reports 30% drop in Q1 net profit as it continues to invest in building “massive online communities”

Electronic Arts has released its financial report for the first quarter ended June 30, 2024. The company posted declines in all key business metrics, including revenue and profit.

Industry News July 31

FromSoftware’s revenue fell 29% to $103 million in 2023, with decline driven by impact from Elden Ring’s success

Kadokawa recently released its financial report for the full fiscal year ended March 31, 2024. Here are the key metrics of the company’s video game subsidiary, FromSoftware.

Industry News July 31

How Activision Blizzard impacts Microsoft’s MAU numbers as Xbox hits 500 million monthly active users

Microsoft’s gaming ecosystem has reached a new milestone. But is it possible to estimate the share of Activision Blizzard games and their impact on the number of monthly active users?

Industry News July 31

Activision Blizzard generated $1.68 billion for Microsoft in Q4, with Xbox hardware revenue down 42%

Microsoft has released its financial report for the fourth quarter and the full fiscal year ended June 30, 2024. Let’s take a closer look at the performance of the company’s gaming business and the impact of Activision Blizzard on key metrics.