financial performance Archives

AppWizard

March 20, 2025

Telegram reached 1 billion users — and became the world’s second largest messenger after WhatsApp, or «a miserable copy» according to Durov

Telegram has reached 1 billion active users each month, making it the second most popular messaging app globally, after WhatsApp. Telegram generated revenues of 7 million in 2024, with each user opening the app 21 times daily and spending approximately 41 minutes per day on it. Pavel Durov returned to Dubai after facing legal challenges in France, where he was detained for nearly six months due to serious allegations. In Ukraine, around 73% of users rely on Telegram for news updates, reflecting a 1% increase over the past year.

AppWizard

March 17, 2025

NCSoft’s PC Games Struggle as Lineage Mobile Generates More Revenue Than Their All PC Games Combined

NCSoft's revenues have sharply declined since peaking in 2022, with 2024 revenues falling below 2017 levels. The company's stock price has decreased by 71% over the past five years. The transition from PC gaming to mobile platforms initially increased revenues, but profitability has suffered due to high platform fees from Apple and Google. NCSoft's legacy MMOs, like Lineage and Lineage 2, avoid these fees. Currently, Lineage M generates more revenue than all of NCSoft's PC games combined, and in 2022, Lineage W brought in nearly three times the revenue of the entire PC game portfolio. However, revenue from Lineage W has also declined. The player base for Throne and Liberty has decreased rapidly, raising concerns about its long-term viability. The upcoming release of Aion 2 is expected in the latter half of 2025, but expectations for success are cautious.

AppWizard

February 27, 2025

Konami and Bloober are working on another project together

Konami and Bloober Team have announced a renewed partnership for a new project based on an existing Konami intellectual property. They previously collaborated on the successful Silent Hill 2 Remake, which launched in October 2024 and resulted in a 32 percent increase in Konami's game revenue for the third quarter. Piotr Babieno, CEO of Bloober Team, expressed enthusiasm for their ongoing relationship and hinted at the potential of their latest project.

AppWizard

February 21, 2025

Payday 3 sales dropped off hard in 2024, but Starbreeze has hope for the future

Payday 3's financial performance has significantly declined, with sales dropping to million in the 2024 financial year, compared to million in its inaugural year. In contrast, Payday 2 generated million during the same period. The game's disappointing performance led to the departure of the CEO in early 2024 and the game director in September 2023. A lead producer described the 2023 launch as 'disastrous.' Starbreeze is collaborating with platforms like PUBG and Roblox and is offering Payday 3 for free on PlayStation Plus in February to attract new players. The company is also developing a co-op Dungeons & Dragons game, currently in internal playtesting, which has received positive feedback from potential business partners.

AppWizard

February 19, 2025

‘Just couldn’t dodge that big boot I guess, no matter how big the success of the gig’: Marvel Rivals developers in the US say NetEase just laid off their whole team

NetEase has confirmed layoffs affecting the development team behind Marvel Rivals, specifically reducing the design team based in Seattle for organizational reasons. The company emphasized its commitment to treating impacted employees with confidentiality and respect. Despite the layoffs, NetEase stated that the core development team in China remains dedicated to enhancing the game, which has over 200,000 active players on Steam and reportedly generated an estimated million in its first month. Currently, there are no Seattle-based developers working on Marvel Rivals. The layoffs have raised questions given the game's financial success, and industry observers speculate this may be part of a broader strategy to streamline the development team. NetEase has also been scaling back its U.S. operations recently.

AppWizard

February 14, 2025

Ubisoft revenue halved year-on-year for Q3

Ubisoft reported a 47.5% decline in revenue for the three months ending in December, totaling €318.1 million, down from €606.4 million the previous year. Net bookings fell by 51.8% to €301.8 million. The back catalogue generated €268 million, making up 88% of total net bookings, but also saw a year-on-year decline. CEO Yves Guillemot expressed optimism about the upcoming launch of Assassin’s Creed Shadows on March 20, highlighting early positive previews. Ubisoft is implementing cost reduction initiatives and expects to exceed its cost reduction objectives by the end of FY25, with plans to continue into FY26. A formal review of Ubisoft's strategic options is underway to maximize asset value for stakeholders.

AppWizard

February 12, 2025

Revenue up 49% at Remedy for 2024

Remedy, the Finnish games company, reported a 49.3% increase in revenue for the 2024 financial year, totaling €50.7 million, up from €33.9 million in 2023. The operating profit was negative at €4.3 million, an improvement from the previous year's deficit of €28.6 million. Alan Wake 2 sold over two million units. The company generated €12.3 million from operations, recovering from a €16 million loss the previous year. In Q4 2024, revenue rose 13.1% to €11.7 million. Development fees increased due to ongoing projects for Max Payne 1&2 Remake and Control 2, while royalties declined. By the end of 2024, Alan Wake 2 had recouped its costs and started generating royalties. The fourth quarter operating profit was €-1.4 million, improving by €11.4 million from the previous year's €7.2 million impairment loss related to Vanguard.

AppWizard

February 8, 2025

TikTok to let US Android users download app via kits on its website

Oracle Corporation's net sales are broken down by activity as follows: 74.4% from software license support and cloud services, 10.3% from customer services, 9.5% from the sale of cloud and on-premise software licenses, and 5.8% from the sale of equipment. Geographically, net sales are distributed as follows: 54.9% in the United States, 7.6% in the Americas, 24.6% in Europe/Middle East/Africa, and 12.9% in Asia/Pacific.

AppWizard

February 7, 2025

Take-Two net bookings up 3% for Q3

Take-Two Interactive reported a three percent rise in net bookings for the quarter ending December 2024, totaling .37 billion, with 79 percent from recurrent consumer spending, which increased by nine percent year-on-year. Net revenue slightly decreased by 0.7 percent to .36 billion. CEO Strauss Zelnick projected full financial year net bookings between .55 billion and .65 billion, anticipating significant releases such as Grand Theft Auto 6, Mafia: The Old Country, and Borderlands 4 in fiscal year 2025/26. The company's performance was bolstered by strong sales of NBA 2K, which helped offset declines in mobile franchises, and a strategic shift in expense timing. The guidance for Fiscal 2025 net bookings remains between .55 billion and .65 billion.

AppWizard

February 5, 2025

Revenue and bookings dip at EA for Q3

Electronic Arts reported a year-on-year decline in revenue and net bookings for the quarter ending December 2024. The company generated .88 billion in revenue, a three percent decrease compared to the previous year, while net bookings fell six percent to .22 billion. CEO Andrew Wilson expressed disappointment over the financial outcomes, citing underwhelming performances from key titles like EA Sports FC 25 and Dragon Age: The Veilguard. He acknowledged that the results did not meet the company's aspirations.