After several years of growth, Tencent has seen its first revenue drop since the Chinese video game company was publicly listed in 2004. The company’s Q2 2022 earnings report shows a 3% dip in its quarterly revenue compared to the same quarter last year at roughly $19.6 billion compared to Q2 2021’s total revenue of $20.2 billion. Total profit for [...]
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A new ArcheAge game is brewing over at XL Games as the Korean video game developer files a trademark for a game called ArcheAge WAR. A similar filing was spotted by keen-eyed Redditors back in June for ArcheWar which is likely the same game and the studio just wanted to get ahead of any possible copyright issues. There’s currently no [...]
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Another country is taking a stand against lootboxes in games with Singapore’s newly-created Gambling Regulatory Authority looking to enact stricter regulations to combat what it believes to be a “blurring of the lines between gambling and gaming.” The GRA will be taking over the regulation of casinos and gambling services, including lootboxes, from the Casino Regulatory Authority which was established [...]
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Tencent, the parent company of Riot Games, released their Q2 2022 earnings report today and in it was a bit of detail surrounding Valorant's performance. For the April-June period Valorant "achieved record-high MAU (monthly active users) and quarterly grossing receipts". Tencent also called out Valorant specifically as a strong a top performer in their International Games segment with the game's [...]
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More and more players have been flocking to Roblox over the past few months but it seems like they’re spending considerably less on the game according to the Roblox Corporation’s Q2 2022 earnings report. The company report reports a total revenue of $591.2 million for the quarter which translates to a 30% increase compared to the same quarter last year. [...]
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Take Two Interactive’s publishing arm Private Division is working on a new Lord of the Rings game in partnership with Weta Workshop, the special effects and prop company responsible for the visual effects in Peter Jackson’s Lord of the Rings trilogy. The company has also worked on The Hobbit trilogy, and more recently, Amazon’s upcoming prequel series. Like the movies, [...]
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School will be starting later than scheduled for prospective wizards and witches as Avalanche Games delays the launch of Hogwarts Legacy for the second time since its announcement. The much-awaited Harry Potter game was initially scheduled to launch in 2021 but was pushed back to 2022, then to the holiday season, and now to the first quarter of 2023, specifically [...]
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If you’re looking for a World War II multiplayer shooter but don’t want to spend any money, then you might want to keep an eye out for Battalion 1944’s free-to-play version. The games developer, Bulkhead Interactive, has recently parted ways with Square Enix and is planning to release a “revisited and final version” of the game on Steam for free, [...]
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It’s long been rumored that Microsoft is planning to release a Game Pass family plan for Xbox and PC. Those rumors have now been confirmed as the company starts testing the new subscription plan in Ireland and Colombia through the Xbox Insider program. The new family plan allows up to five accounts, including the owner, to be used with a [...]
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Square Enix reported their Q2 2022 earnings on Friday with total revenue coming in at 53.5 billion Yen ($396m USD). More interestingly though, revenue from 2 of the 3 major games segments showed declines while only 1 segment showed growth. HD Games (think buy to play games) and Mobile games were both down over the last 2 years while only [...]
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