Financial Results
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Nintendo reported a 98.6% surge in fiscal year sales, reaching $14.6 billion, boosted by the launch of the Nintendo Switch. In separate news, 2K has laid off staff working on the free-to-play shooter Project Ethos, indicating a shift in focus for the project.
Nintendo (NTDOY) FY26 financial results overshadowed by dire FY27 forecast
Nintendo's latest financial results for fiscal year 2026 were overshadowed by a conservative forecast for fiscal year 2027. Concerns about potential price hikes for the upcoming Switch successor, margin pressures, and cautious guidance have cast a shadow over the company's outlook.
EG7 Q1 2026: Daybreak is acquiring Cold Iron Studios (again) as Palia and Far Far West soar
Enad Global 7 reported a 13.1% drop in Q1 2026 revenues compared to the previous year, though its subsidiary Daybreak Game Company saw a 16.8% increase driven by Palia, EverQuest, and DC Universe Online. Daybreak is once again in talks to acquire Cold Iron Studios, with the intention of bringing the development of Aliens: Fireteam Elite 2 in-house. The company also noted strong sales for Far Far West, which recently launched into early access.
PlayStation records $765m impairment loss from Bungie as operating income falls 41.6% in Q4
Sony reported a $765 million impairment loss related to Bungie due to underperforming titles like Destiny 2 and Marathon. The company's Games and Network Services segment saw a 41.6% decline in Q4 operating income, despite overall full-year operating income rising 12%. PlayStation 5 unit sales also decreased year-over-year.
Sony Reveals $766m Bungie Writedown in Latest Financial Results
Sony reported a significant $766 million write-down related to its acquisition of Bungie in its fiscal year 2025 results. Despite the financial loss, Sony plans to continue supporting Bungie's live-service title Marathon, citing strong user engagement metrics. The company anticipates a drop in hardware sales for the upcoming fiscal year but expects an increase in first-party game sales, including upcoming titles like Saros and Marvel's Wolverine.
Nintendo FY sales soar 98.6% to $14.6bn following launch of Switch 2
Nintendo reported a 98.6% increase in net sales, reaching $14.6 billion for the fiscal year ending March 31, 2026, driven by the successful launch of the Nintendo Switch 2. The company also announced price adjustments for the console and subscriptions in several regions. Despite strong initial sales, Nintendo forecasts a decline in Switch 2 hardware sales for the next fiscal year, though software sales are expected to grow.
Bungie Was a $765 Million Thorn in Sony's Side in 2025
Sony's fiscal year 2025 financial results reveal a significant $765 million impairment loss attributed to Bungie, impacting PlayStation's operating income. Despite this, Sony's gaming business still saw a 12% profit increase year-on-year. The article suggests that Bungie's acquisition and the development of Marathon have been costly and problematic for Sony.
NETMARBLE REPORTS FIRST QUARTER 2026 FINANCIAL RESULTS
Netmarble reported first quarter 2026 financial results with $444.97 million in revenue and $57.29 million in EBITDA. CEO Byung-gyu Kim noted that while new releases late in the quarter limited their immediate revenue contribution, the company expects accelerated growth in the second quarter. Upcoming titles include expansions for Game of Thrones: Kingsroad and SOL: enchant, with further releases planned for the second half of the year.
Nintendo Switch 2 and Switch million sellers for May 2026 – Pokemon Pokopia and FireRed / LeafGreen over 4 million, more
Nintendo's May 2026 financial results reveal that Pokemon Pokopia and re-releases of Pokemon FireRed/LeafGreen have each sold over four million units on the Nintendo Switch and Switch 2. The report also details sales figures for other million-selling titles on both platforms, including Mario Kart World and Mario Kart 8 Deluxe.
Nintendo financial results – May 2026 – Switch 2 at 19.86 million units, Switch at 155.92 million, more
Nintendo's May 2026 financial report reveals strong performance for the Nintendo Switch 2, selling 19.86 million units in its first fiscal year, driven by titles like Pokémon Pokopia and Mario Kart World. The original Nintendo Switch also continued to sell, with 3.80 million units moved, bringing its lifetime total to 155.92 million. Overall digital sales increased significantly, contributing to total sales of 2,313.0 billion yen.
Business and Finance
Corsair has reported significant profit growth for the first quarter of 2026. The company's financial results indicate a strong performance in the period.
Unity Q1 revenue rises 17%, posts $347m loss following IronSource closure
Unity reported a 17% year-on-year revenue increase to $508 million for Q1 2026, with Grow Solutions showing a 23% rise. However, the company posted a significant net loss of $347 million, largely due to $279 million in impairment charges from the closure of IronSource and the divestiture of Supersonic. Unity also launched a new suite of AI tools for game development.
Snapchat (SNAP) Q1 2026 earnings results beat revenue estimate, report unexpected net loss
Snapchat's Q1 2026 earnings report exceeded revenue expectations but reported an unexpected net loss. The company narrowly beat Wall Street's revenue estimates.
ARM Q4 FY26 earnings results beat revenue and EPS estimates
ARM reported its Q4 FY26 earnings, exceeding both revenue and earnings per share estimates. Following the announcement, ARM's stock experienced an increase.
EA boasts record year thanks to Battlefield 6 and EA Sports FC
Electronic Arts reported record net bookings of $8 billion for the fiscal year ended March 31, 2026, driven by the successful launches of Battlefield 6 and EA Sports FC 26. Despite the record financial performance, the company also conducted layoffs affecting Battlefield developers. EA is currently undergoing a pending acquisition by an investor consortium including Saudi Arabia's Public Investment Fund.
AMD Q1 2026 earnings results beat EPS and revenue expectations
AMD's stock reached an all-time high following the release of its Q1 2026 earnings report. The company exceeded both earnings per share and revenue expectations, indicating strong financial performance.
Lucid Group (LCID) Q1 2026 earnings results miss revenue estimates on wider than expected loss
Lucid Group reported its Q1 2026 earnings, with revenue falling short of analyst estimates and the company experiencing a wider than expected loss. Despite year-over-year revenue growth, the performance did not meet market expectations.
Control Sales Hit 6m as Remedy Revenue Falls
Remedy Entertainment reported a slight decrease in revenue for the first quarter of 2026, though operating profit increased. Despite the overall dip, game sales revenue saw a rise, driven by Alan Wake 2 and Control, which has now sold over 6 million units. The studio also provided updates on upcoming titles Control Resonant and the Max Payne 1&2 remakes, with Control Resonant still on track for a 2026 launch.
Remedy reports "stable" Q1 performance despite decreases in revenue and operating profit
Remedy Entertainment reported a profitable first quarter despite a slight decrease in revenue and operating profit. The company's game portfolio remained stable, with sales and royalties boosted by Control, Alan Wake 2, and FBC: Firebreak. The upcoming title Control Resonant is on track for its 2026 launch, with marketing efforts underway.
Roblox reports strong Q1 growth, revises full-year forecast due to new saftey measures
Roblox reported strong first-quarter revenue and bookings growth, with average daily active users increasing 35% year-over-year to 132 million. However, the company revised its full-year forecast downwards due to the implementation of new mandatory age checks and child safety measures. These measures, including enhanced age verification, are expected to be fully implemented by June, impacting the company's projected growth rates.
