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Industry News February 27, 2025

AppLovin loses nearly $17 billion in market value as short sellers accuse it of fraud and tracking children’s data

Two short-selling firms have issued reports on AppLovin, accusing the company of inflaiting its metrics and engaging in illegal practices. This led to sotck market turmoil, with the CEO refuting all the claims and calling them misleading.
Industry News February 25, 2025

Like a Dragon: Pirate Yakuza in Hawaii climbs 32 spots on Steam charts, Monster Hunter Wilds becomes top-grossing premium game

Monster Hunter Wilds is expected to significantly boost Capcom’s revenue in the fourth fiscal quarter as pre-orders for the game remain strong. Here are the top products on Steam by gross revenue over the past seven days.
Game Development February 24, 2025

How decorating game Furnish Master grossed $787k on Steam in 12 months, recouping its budget many times over

Alex Blintsov, CTO at Enraven Games and former development team lead at Pixonic, has created a relaxing decorating sim called Furnish Master. A year after the game’s Early Access launch, he shared its revenue, wishlists, and other valuable data.
Events February 24, 2025

WN Media Group to host monthly events for game developers in Belgrade, with first one kicking off on February 27

WN Media Group has announced a new series of networking meetups for games industry professionals in Belgrade. They will be held on the last Thursday of each month, with the first one kicking off on February 27.
Market Analysis February 21, 2025

Circana: US hardware revenue down 45% in January, with overall game spending down 15% to $4.51 billion

Circana has returned with its monthly overview of the US video game spending. Here are the top-grossing video games and hardware of January 2025, as well as other insights into the state of the market.
Events February 21, 2025

WN iGaming Lounge, first installment in new series of networking events in Cyrpus, to focus on Latin American market

WN Media Group has announced a new format of its business events called Lounge. These are small-scale meetups focused on networking and topics related to the iGaming sector.
Industry News February 21, 2025

Hasbro aims to be “one of the most profitable” game companies as Monopoly Go brings in $112M in 2024 and BG3 doubles expectations

Hasbro released its financial report for FY24. Despite the overall revenue decline, the company’s WotC and gaming business set new records driven by strong performance from its licensed business.
Events February 20, 2025

Over 500 attendees, developer contest winners, and other results of WN Conference Abu Dhabi’25

Last week, WN Media Group held a conference for games industry professionals in the capital of the United Arab Emirates. Here are the key takeaways from the event, which brought together experts and leaders from companies like Mundfish, Ubisoft, Google, AD Gaming, GEM Capital, Razer, AppLovin, and more.
Industry News February 20, 2025

Marvel Rivals tops 40M players, Where Winds Meet hits 15M users in China, and more from NetEase’s FY24 report

NetEase has released its financial report for FY24. The Chinese company also shared new data on its video games, including Marvel Rivals and Where Winds Meet.
Industry News February 19, 2025

Palworld hits 32 million players across PC and consoles, cementing its place among best-selling indie games

Palworld has reached a new impressive milestone a year after its Early Access launch. Pocketpair’s survival title cements its place among the most successful indie games of all time.
Industry News February 19, 2025

Why Goliaths like Amazon lose to Steam: “We never validated our core assumptions before investing heavily in solutions”

Every once in a while, a large company comes up with a new way to disrupt Steam’s dominance in the PC game distribution. Most rival stores and solutions tend to fade into oblivion, while Valve’s platform only gets bigger and better. But why?
Industry News February 18, 2025

Civilization VII tops Steam charts among premium games, Avowed breaks into top 10

February has become a busy month for major releases, with strong performances from Kingdom Come: Deliverance II and Civilization VII. Here’s our weekly overview of the top games on Steam by gross revenue.
Industry News February 18, 2025

Starbreeze reports 3.4x revenue decline in 2024, but success of third-party publishing fuels its multi-title strategy

Starbreeze has published its 2024 results, reporting huge declines in sales. However, the company plans to stabilize and diversify its business through third-party publishing, licensing, and expanding its own brands into new platforms.
Legal February 14, 2025

Ironmace to pay Nexon $5.9 million for trade secret infringement in Dark and Darker case

It looks like a legal dispute between Nexon and Ironmace Games has finally been settled. The Dark and Darker developer will have to pay monetary compensation to the South Korean publisher.
Industry News February 14, 2025

Ubisoft reports Q3 revenue halved, with its cost-cutting program going “ahead of schedule”

Ubisoft continues to struggle amid ongoing restructuring and cost-cutting initiatives. The French publisher has reported significant declines in revenue and bookings for the third quarter ended December 31, 2024.
Industry News February 13, 2025

Embracer’s Q3 report: KCD2 “fast approaching” 2M copies sold, net debt cut fivefold, and more

Embracer Group continues to recover from its cost-cutting restructuring program. The Swedish company has managed to significantly reduce its net debt over the past 12 months, also struggling with falling game sales.
Industry News February 13, 2025

PlayStation reports 37% operating profit growth in Q3, record MAU and 75 million PS5 units sold

Sony has released a financial report for the third quarter ended December 31, 2024. The company’s gaming division saw strong growth in both revenue and operating profit.
Industry News February 12, 2025

Crytek cites “unfavorable market dynamics” in laying off 60 devs and putting next Crysis game on hold

Crytek has announced mass layoffs that will reduce its workforce by 15%. The German developer also put the development of the next Crysis game on hold.
Industry News February 12, 2025

Remedy starts “new growth era” as Alan Wake 2 recoups its costs and annual revenue jumps 49%

Remedy Entertainment has released its financial statements for 2024. The Finnish developer is gearing up its self-publishing capabilities, while continuing to working on new games as part of its long-term growth strategy.
Industry News February 11, 2025

Kingdom Come: Deliverance II dethrones CS2 on Steam charts, Helldivers 2 and Destiny 2 return to top 10

Kingdom Come: Deliverance II unsurprisingly took over the Steam charts last week, dethroning Counter-Strike 2. Let’s take a closer look at the top-grossing products on the platform over the past seven days.
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