CFO Archives

AppWizard

August 8, 2025

Sony’s live-service transition “not entirely going smoothly”

Sony Interactive Entertainment's CEO and CFO, Lin Tao, discussed challenges in the company's live-service gaming strategy, acknowledging difficulties in transitioning to a service-oriented portfolio. This includes the cancellation of the game Concord shortly after its release and the postponement of Bungie's title, Marathon, along with several other shelved projects. Tao noted that live-service games were almost non-existent for PlayStation Studios five years ago, but now contribute significantly to sales and profit through titles like Helldivers 2, MLB, Gran Turismo 7, and Destiny 2. The live-service ratio for Q1 was approximately 40 percent, with projections for the full year estimating between 20 to 30 percent. He recognized ongoing issues that need addressing to improve the introduction of live service content. Regarding Marathon, Tao mentioned it was delayed from its original September release due to an unsatisfactory alpha test, with an optimistic aim for completion by March 2026, though no official launch date has been set. He also discussed Bungie's integration into PlayStation Studios, indicating a shift from its initial independent operation towards becoming more integrated into the studio's structure.

AppWizard

August 8, 2025

Warner Bros. Discovery Adds 3.4 Million Streaming Subscribers, But “Minecraft” and “Sinners” Power Q2

Warner Bros. Discovery reported second-quarter earnings with a revenue of .8 billion, a slight increase from the previous year. Net income rose to .6 billion, a recovery from last year's loss, while adjusted EBITDA increased by 9% to billion. The studio segment generated .8 billion in revenue, a 55% year-over-year increase, driven by successful films like Minecraft and Sinners. The company plans to release 12 to 14 new films annually, including major tentpole films and titles from DC Studios and New Line. Streaming growth included the addition of 3.4 million subscribers, leading to an 8% revenue increase to .8 billion. The linear TV segment faced challenges, with revenue down 9% to .8 billion and adjusted EBITDA declining by 24% to .5 billion. WBD completed six major carriage renewals and is preparing for a strategic split, creating a new entity for its studios and HBO, while linear networks will become a separate company named Discovery. CEO David Zaslav emphasized limiting library content licensing to enhance HBO Max's appeal and highlighted ongoing efforts to revive franchises like Superman and Lord of the Rings. The company is also expanding into gaming and theme parks, with Bruce Campbell leading these initiatives. Zaslav discussed plans for bundling streaming services to improve consumer experience and noted the resilience of the TV advertising market despite economic pressures.

AppWizard

July 31, 2025

EA reports marginal gains in revenue and bookings for Q1

Electronic Arts reported revenues of .671 billion for the first quarter of the fiscal year, a 0.66 percent increase compared to the same quarter last year. Net bookings rose by 2.85 percent, reaching .298 billion. The company's success was attributed to strong performances from titles like Apex Legends and the EA Sports brand, as well as the upcoming F1 2025. CEO Andrew Wilson noted the company's commitment to enhancing player engagement and expanding global communities, while CFO Stuart Canfield highlighted the resilience of their live services and reaffirmed their full-year guidance.

Winsage

July 4, 2025

Microsoft’s enshittification of Xbox, Surface, and even Windows itself, are by design — with greed and corner-cutting replacing innovation

Microsoft announced 9,000 layoffs, bringing the total for the year to over 15,300, including cuts within Xbox. The layoffs are attributed to unrealistic fiscal expectations set by CFO Amy Hood, creating an environment of fear and uncertainty. There is a perception that these layoffs are part of a broader shift towards artificial intelligence, with Microsoft executives and shareholders reportedly resenting the investment in Activision-Blizzard. The company plans to invest billions in new AI training centers globally, raising concerns about the impact on its core gaming and consumer products. Microsoft’s AI products have faced criticism, and the company has been accused of losing sight of the human element in its consumer businesses. The recent layoffs have left employees feeling uncertain about their futures, and there is a growing sentiment that Microsoft lacks a coherent mission or ethos, prioritizing short-term gains over long-term innovation.

Winsage

June 20, 2025

Windows 11 migration heats up… on desktops

Businesses are upgrading their desktop PCs in anticipation of the end of support for Windows 10, which is less than four months away. Recent data shows a 22 percent increase in desktop shipments to enterprise customers in Europe during April and May, with revenue rising by 17 percent. Desktops accounted for nearly 17 percent of total PC revenues in early Q2, the highest level in two years. Germany saw significant sales growth, leading to availability issues, while the UK and Poland also experienced increases in desktop sales. Despite this surge, Windows 10 still held a 53.9 percent share of the global desktop Windows market in May, compared to 43.22 percent for Windows 11, with some customers hesitant to adopt the new OS due to economic factors and hardware incompatibilities. Major PC manufacturers have noted a delayed refresh cycle, but signs of growth are emerging. Notebook sales have increased modestly, with unit sales up 2 percent and revenue up 7 percent, driven by AI-ready devices, though adoption is limited by application availability and higher prices. Desktops are crucial for businesses transitioning to Windows 11.

AppWizard

May 9, 2025

Sumo Group’s founders are leaving the company

Sumo Group is undergoing a leadership transition as CEO Carl Cavers, COO Paul Porter, and Director of Excellence and Integration Darren Mills step down after 22 years. CFO Andy Stewart and newly-promoted COO Gary Dunn will share the chief executive responsibilities. Tim Repa-Davies has been promoted to the board. Cavers expressed pride in their achievements and confidence in Sumo's future, while Stewart highlighted the natural evolution of the company.

AppWizard

April 24, 2025

Technology behind private messaging app Telegram names Maximilian…

The TON Foundation will announce Maximilian Crown as its new CEO on Thursday. This appointment aims to stabilize Telegram, which has a user base of one billion, following the arrest of its founder Pavel Durov in Paris last year. Crown's leadership is seen as a significant step for Telegram, demonstrating its commitment to expanding its multi-functional app amid governmental pressures to access user data. Crown has experience as CFO and COO of MoonPay and has successfully secured operational approvals across various countries. Telegram has transformed into a “Super App,” integrating features such as gaming, shopping, and payment functionalities. The Telegram Open Network (TON) has 41 million active accounts and 121 million Toncoin holders. Toncoin's value is tied to Telegram's fortunes, experiencing fluctuations following Durov's arrest. Concerns have been raised regarding the impact of French authorities' actions on Telegram’s blockchain initiatives, especially related to digital privacy and government oversight. Durov was detained for 96 hours and criticized the scrutiny faced by Telegram, warning against legislative efforts that threaten individual freedoms.

AppWizard

March 26, 2025

Sales revenue dips at CD Projekt for 2024, but profitability has increased

CD Projekt recorded sales revenue of zł985 million for the 2024 financial year, a 17 percent decrease from the previous year. The revenue included zł588.8 million from Cyberpunk 2077 and its Phantom Liberty expansion. The company's net profit declined by 2.5 percent to zł469.9 million, while the net profit margin improved from 39.1 percent to 47.7 percent, largely due to CD Projekt Red's profit margin of 58.5 percent. GOG reported a profit margin of 0.6 percent. CFO Piotr Nielubowicz noted that Cyberpunk 2077 and its expansion generated nearly 600 million PLN in earnings, and The Witcher 3 continues to attract players. Joint CEO Michał Nowakowski announced plans for Cyberpunk 2077: Ultimate Edition on macOS and a new animation project set for release on Netflix in 2024.

Winsage

February 3, 2025

Windows 11 turns the tide against Windows 10

Windows 11's market share increased to 36.6 percent in January from 34.12 percent in December, while Windows 10's market share declined to 60.37 percent from 62.7 percent. Microsoft is approaching the end of support for Windows 10, scheduled for October 14, 2025, which has led to renewed interest in Windows 11. Microsoft CFO Amy Hood reported a 4 percent year-on-year revenue increase in the Windows OEM and Devices unit, attributed to preparations for the end of Windows 10 support. TrendForce projects a 4.9 percent increase in shipments in 2025 as businesses transition. CEO Satya Nadella noted that 15 percent of premium-priced laptops sold during the holiday season were Copilot+ PCs, and analysts predict that by 2026, acquiring a PC without AI silicon will be increasingly difficult. Initially, Windows 11's adoption was hindered by strict hardware requirements, but many users now have upgraded hardware that supports it. Microsoft is optimistic about solidifying Windows 11's market position as the transition from Windows 10 progresses.

AppWizard

December 19, 2024

Sony will shortly own 10% of Kadokawa

Sony will acquire a 10 percent stake in Kadokawa by purchasing 12,054,100 new shares at Y4,146 each for a total investment of Y49.98 billion (approximately 7 million) on January 7, 2025. This will increase Sony's ownership in Kadokawa from 2.01 percent to 9.68 percent, making it Kadokawa's largest shareholder, although still behind Korea Securities Depository - Samsung and The Master Trust Bank of Japan in terms of major shareholders. The partnership aims to enhance collaboration on adapting Kadokawa's intellectual property into live-action films, television shows, and anime projects.