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Latest Stories and News
- 2 weeks ago
- Crucible, the third-person online shooter, is the first of two blockbuster titles scheduled to come out this year. (The other is New World, a subscription-free MMORPG set in a fantasy world called Aeternum.)
- Its goal couldn’t be tougher: to wrestle attention away from the countless free-to-play battle royale and MOBA titles that currently dominate Twitch’s homepage.
- Relentless Studios — a Seattle-based developer with former ArenaNet, EA and Microsoft talent — seems up for the challenge, though. And with a surprisingly solid gameplay foundation, Crucible has a decent shot of attracting the player base and viewership it needs.
- 4 weeks ago
- While much of the economy is hurting during the pandemic, video games are thriving.
- Activision Blizzard beat out its first-quarter outlook, mostly driven by the Call of Duty franchise, from the popular new game mode Warzone, to the mobile game release.
- Sales were $1.52 billion in the first quarter, up 21% compared to last year's $1.26 billion.
- Earnings per share beat out analyst expectations. Activision Blizzard (ATVI) posted $0.65 per share, or $0.58 adjusted earnings per share, compared to Goldman Sachs analysts' prediction of $0.37.
- 4 weeks ago
- Electronic Arts delivered financial results today: generated $1.39 billion in revenues for Q4, which beat the $1.19 billion that analysts were predicting. For EA’s fiscal 2020, it delivered revenues of $5.54 billion, which is up 12% year-over-year from $4.95 billion in fiscal 2019.
- The company credits its digital sales and strong franchises for its growth. That includes $4.05 billion in digital net bookings for fiscal 2020. That’s up 9% year-over-year, and EA says it accounts for 78% of its total net bookings.
- As for its near-term guidance, EA is expecting to cruise along on those live-service games. For the Q1 period of its fiscal 2021, EA is telling investors it plans to generate $1.22 billion in net revenue.
- But the company is only planning for about $270 million of net income. That weak outlook is driving the company’s stock price down in after-hours trading to approximately $114.15. It previously closed at $119.61.