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Industry News February 19

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

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

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

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

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

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

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

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

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

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.
Industry News February 11

Supercell wants to make new mistakes, not repeat old ones, as it reports record 2024 results with $3 billion in revenue

Supercell has reported its 2024 results with traditional remarks from CEO Ilkka Paananen. Here’re the key takeaways from the statement, including the company’s financial performance last year.
Industry News February 10

Shift Up reports record revenue and operating profit in 2024, with Stellar Blade bringing in $43M in royalties

Stellar Blade and Goddess of Victory: Nikke developer Shift Up has summed up its financial results for 2024. Here’re the key takeaways from the company’s first report after going public.
Industry News February 7

SEGA cancels Football Manager 25 and lowers full-year outlook, with Metaphor’s current sales exceeding expectations

Sega has released its financial report for the first three quarters of FY2025 ended December 31, 2024. Despite strong growth in its video game division, the Japanese company revised its full-year outlook.
Industry News February 7

Civilization VII sets franchise record for pre-orders as Take-Two’s Q3 net loss widens to $125 million

Take-Two Interactive has released its financial report for the third quarter ended December 31, 2024. The company is a bit stalled in terms of some key business metrics, gearing up for the launch of several major games.
Industry News February 6

Paradox Interactive reports 17% revenue decline in 2024, acquires Haemimont Games to strengthen its core business

Paradox Interactive has released its financial report for the fiscal year ended December 31, 2024. The Swedish company continues to improve its core business after a series of failed or cancelled games.
Industry News February 5

KCD2 hits 1 million copies sold in 24 hours: how it compares to first game

After gaining momentum ahead of launch, Kingdom Come: Deliverance II hits its first sales milestone. Here is how it compares to the first game’s figures.
Industry News February 5

EA masks true reasons for Dragon Age’s failure behind vague statements about growing demand for “shared-world features”

Electronic Arts has released its financial report for the third quarter ended December 31, 2024. The company also discussed the poor performance of Dragon Age: The Veilguard and a sudden decline in bookings for its Global Football franchise.
Industry News February 5

Kingdom Come: Deliverance II peaks at over 159k CCU at launch, surpassing first game’s all-time high by 1.6x

Kingdom Come: Deliverance II has finally come out nearly seven years after the first game. Let’s take a look at its initial (quite impressive) metrics on Steam.
Industry News February 4

Kingdom Come: Deliverance II becomes top-grossing premium game on Steam ahead of its launch, Spider-Man 2 debuts in top 3

February is expected to be a really busy period for major new game releases, with pre-orders for several upcoming games sitting in the top 10 of the Steam charts. Here are the top-selling products on the platform by gross revenue for the week of January 28-February 4.
Industry News February 4

30% drop in hardware revenue, coupled with declining game sales, forces Nintendo to cut full-year forecast again

Nintendo has released its financial report for the nine-month period ended December 31, 2024. The Japanese company recorded declines across all key business metrics.
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