Chinese tech giant Tencent has reportedly started a new round of layoffs. Employees at several key business units, including video games, may soon lose their jobs.

Probably the most popular way to estimate game sales on Steam is to add a certain multiplier to their review count. The problem is that the median ratio for big new releases has gone way up over time, so it is time to make some adjustments.

The NPD Group has released a new report on best-selling titles, consoles, and accessories in the US for October 2022. Call of Duty: Modern Warfare 2 was the main driver of game content revenue growth, while hardware sales declined year-over-year.

The Russian entity of mobile developer Game Insight has been officially declared bankrupt. In addition to that, a criminal case has been opened against its leadership, with the company owing millions to its former employees.

Despite some ups and downs in recent years, the VR industry continues to grow. According to Newzoo, gaming revenues in the sector will exceed $3 billion by 2024.

It has been reported that games industry veteran Chris Avellone recently filed another defamation lawsuit against one of his accusers. He is now seeking damages, claiming all misconduct allegations were false and were made to destroy his reputation.

Krafton has released its financial report for the third quarter (ended September 30). The South Korean company behind the PUBG franchise also announced its plans to acquire Swedish developer Neon Giant.

Unity is still unprofitable as the company posted a loss from operations of $239 million in the third quarter (ended September 30). The Create Solutions segment, however, showed strong revenue growth.

Mobile games accounted for over 50% of Activision Blizzard’s revenue in the third quarter. Here is how much money Diablo Immortal, Candy Crush Saga, and the company’s other mobile hits have exactly made.

The story around ZA/UM and the expulsion of the Disco Elysium creators has taken a new turn. Things are getting messier now, as Robert Kurvitz accuses the investors of fraud, while the management claims the dismissals were due to misconduct.

Over 35 million people have already played Overwatch 2, a free-to-play sequel to Blizzard’s hero shooter. That’s an impressive start, but let’s see how these numbers compare to the launches of other successful F2P games.

Meta has cut around 13% of its workforce, which is the biggest round of layoffs in its history. Mark Zuckerberg took accountability for this decision and tried to explain how the company got to this point.

Ubisoft reportedly closed its office in Russia earlier this month, marking the company’s complete exit from the country. This comes a few months after the Assassin’s Creed maker stopped selling games to local players.

The European Commission has opened a second phase of its investigation into Microsoft’s proposed acquisition of Activision Blizzard. The regulator outlined its concerns about how the deal could reduce competition.

Unity has officially completed its merger with ironSource. While outlining its future plans, the company also addressed developers’ concerns about monetization and a possible shift to the ad business.

Take-Two has released a financial report for the three months ended September 30, 2022. The company recorded a net loss of over $250 million and lowered its full-year guidance.

Activision Blizzard has issued a financial report for the third quarter ended September 30, 2022. The company saw its revenue and profit fall year-over-year, largely due to Activision’s weaker performance.

According to the latest report, some insiders at Activision have started to worry that the proposed merger with Microsoft could fall apart. The Xbox maker allegedly didn’t expect this level of scrutiny.

It took Call of Duty: Modern Warfare II only 10 days to reach over $1 billion in revenue. Here is how this figure compares to other games in Activision’s biggest franchise.