Videogame sales heading for decline in US, but one analyst sees a 2023 rebound

Videogames are heading for a US sales decline in 2022, but a looming recession and new releases could turbocharge a rebound in 2023, according to one analyst. Stifel analyst Drew Crum said he estimates US videogame sales to decline 6% to $57 billion in 2022, benchmarked against data from NPD Group. That contrasts with videogame … Read more

Videogame sales heading for decline in US, but one analyst sees a 2023 rebound

Videogames are heading for a US sales decline in 2022, but a looming recession and new releases could turbocharge a rebound in 2023, according to one analyst. Stifel analyst Drew Crum said he estimates US videogame sales to decline 6% to $57 billion in 2022, benchmarked against data from NPD Group. That contrasts with videogame … Read more

Sony, Tencent, NetEase continue deal hunt to expand new formats, markets

Revenue from mobile games accounts for more than half of the mobile gaming market. Sony is looking to diversify beyond consoles with its new dedicated PlayStation mobile gaming division. Mateusz Slodkowski | SOPA Images | LightRocket via Getty Images Sony Sony’s PlayStation has dominated the gaming console market for a long time. But the business … Read more

Microsoft Xbox, Sony PlayStation, Nintendo: Video game earnings round-up

A gamer plays on Sony’s Playstation 5 console at his home in Seoul. Yelim Lee | AFP via Getty Images The giants of the video game world saw their sales slide in the second quarter, as initial tailwinds from the Covid pandemic faded. In the three months ended June, Microsoft, Sony and Nintendo each posted … Read more

Activision Blizzard reports higher-than-expected sales as Microsoft close awaited

Activision Blizzard Inc. shares ticked higher in the extended session Monday after the videogame publisher released better-than-expected revenue as sales dropped for a third straight quarter. Activision Blizzard ATVI, +0.16% shares rose 1% after hours, following a 0.2% rise to close the regular session at $80.08. The company will not be issuing an earnings presentation … Read more

Stock futures fall slightly to start August trading with market coming off best month since 2020

Stock futures fell slightly following the market’s best month since 2020 as investors look ahead to another week of key earnings reports and economic data. The Dow Jones Industrial Average futures fell by 67 points, or 0.2%. S&P 500 futures shed around 0.2% and Nasdaq 100 futures dipped by 0.3%. On Friday, all major indexes … Read more

Activision Blizzard workers forming second union before Microsoft deal

Bobby Kotick, CEO of Activision Blizzard, attends the Allen & Company Sun Valley Conference on July 8, 2022, in Sun Valley, Idaho. Kevin Dietsch | Getty Images News | Getty Images A group of software testers at Activision Blizzard have formed the company’s second union in the months before Microsoft is expected to close its … Read more