Unity has issued a financial report for the second quarter ended June 30. Despite seeing strong revenue growth, the company’s losses also increased year-over-year.

Another huge gaming acquisition is on the horizon. Mobile app marketing platform AppLovin has made an offer to buy Unity in a $17.54 billion deal.

Microsoft’s $68.7 billion acquisition of Activision Blizzard will likely close by the beginning of 2023. If this happens, the number of Game Pass subscribers might reach 100 million, an analyst believes.

Take-Two has released its first financial report after closing its acquisition of Zynga. Although the publisher’s revenue rose in the three months ended June 30, it posted a huge loss due to increased costs and macroeconomic factors.

Less than 2 million people on average play games on Netflix daily. Although the number is small compared to successful mobile studios, the streaming giant will continue to invest in this field.

Arc System Works has announced that Guilty Gear Strive has reached a new milestone. The game is now officially the best-selling title in the long-running series.

Polish developer Ice Code Games has seen its shares increase by over 100% after the release of Hard West 2. The studio’s market capitalization reached almost $30 million.

FlyinDogs is a Georgia-based team working on The Tales of Bayun, a narrative adventure game inspired by the Slavic folklore. The studio’s co-founder Ilia Maksimenko has told us about crafting a colorful yet gloomy fantasy world and diving into the sea of indie development.

Another game studio has announced mass layoffs. Jam City has cut hundreds of people across several offices as part of its restructuring, citing economic challenges as the main reason.

GamesForest.Club, a non-profit company helping the games industry invest in carbon absorption, recently partnered with two game companies. Xsolla and CD Projekt will join the organization to protect forests in Europe and South America.

Tencent continues to pursue Western expansion amid ongoing pressure in China. The company has reportedly reached out to the Guillemot family to increase its stake in the Assassin’s Creed maker.

The US mobile games market has faced a recession during the first half of 2022. According to Sensor Tower, nearly all genres saw their revenues decline from the previous year.

A group of employees at Blizzard Albany, formerly Vicarious Visions, have accused Activation of preventing their unionization efforts. The Diablo IV developers say the company has spent hundreds of thousands of dollars to deny their labor rights.

Elden Ring is on the way to becoming the best-selling video game of 2022. On top of that, FromSoftware’s latest title has also been named one of the biggest game launches in YouTube history.

Outsourcing developer Keywords Studios has acquired mobile studio Mighty Games. The deal will improve the company’s testing capabilities and bolster its presence in Australia.

Electronic Arts has released its financial report for the first fiscal quarter ended June 30. The company also noted that it has no consolidation plans and aims to become the “largest standalone independent developer and publisher” globally.

Pixel Federation has hosted special events in its mobile games as part of the Green Game Jam. Players helped plant over 80,000 trees, exceeding its initial goal by eight times.

Valve has complied with Indonesian requirements, unblocking its products in the country. However, other services like the Epic Games Store and EA’s Origin remain unavailable.

Activision Blizzard saw its revenue and profit decline in the second quarter ended June 30. Here are all the highlights from the company’s latest financial report.