revenue growth Archives

Tech Optimizer

June 2, 2025

Snowflake enters enterprise PostgreSQL market with acquisition of Crunchy Data

Snowflake has acquired Crunchy Data, known for its enterprise PostgreSQL solutions, during the Snowflake Summit 2025 in San Francisco. PostgreSQL holds a 49 percent market share among developers, making it the most favored database choice. The acquisition aims to meet the growing demand for enterprise-grade PostgreSQL solutions for AI applications. Crunchy Data specializes in secure, compliant PostgreSQL solutions, including FedRAMP compliance for government contracts. The integration will enhance Snowflake Unistore, which combines transactional and analytical data. Snowflake Postgres, designed for transactional applications requiring PostgreSQL compatibility, will enter private preview soon, pending regulatory approval.

BetaBeacon

April 23, 2025

Most top-selling Meta Quest games all share one key trait

Meta Quest has revealed the top 50 best-selling games on their platform, with a variety of genres represented. AAA games like Assassin's Creed Nexus and Metro Awakening did not make the list, while original and immersive games like The Walking Dead: Saints & Sinners are among the top earners. The top 3 titles are free-to-play games, indicating that VR gamers are looking for new and exciting experiences. Originality and immersion are key factors in the success of VR games on the Meta Quest platform.

BetaBeacon

March 5, 2025

Xsolla introduces Offerwall Solution to boost game revenue and player engagement

Xsolla has introduced Xsolla Offerwall, a solution that allows developers to create a balanced monetization strategy by offering players virtual rewards for completing quests or actions from advertisers.

AppWizard

February 28, 2025

Can alternative app stores break through?

Amazon will close its Android App Store on August 20th, preventing developers from submitting new applications. Epic Games reported an 18% year-over-year decline in player spending on PC, amounting to 5 million in 2024, despite increased user accounts. Alternative app stores face challenges in competing with established platforms like Apple’s App Store and Google Play. Companies like Huawei and Samsung have large user bases but struggle to generate significant revenue in Western markets. Alvaro Pinto, co-founder of Aptoide, notes that Amazon's closure occurs as the app distribution ecosystem is evolving, suggesting potential for new marketplaces despite existing hurdles. The upcoming Pocket Gamer Connects San Francisco event on March 17th to 18th will discuss insights on alternative app stores and direct-to-consumer practices.

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 3, 2025

Silent Hill 2 drove Konami’s games revenue up 32% by Q3

Konami's video game division reported a 32 percent increase in revenue for the nine months ending December 2024, largely due to the successful remake of Silent Hill 2. The Digital Entertainment segment generated ¥228.9 billion (approximately .4 billion), with a profit of ¥80.8 billion (around million), exceeding the forecast of ¥80 billion for the financial year. This sector now accounts for 73.6 percent of Konami's total revenue, up from 68.5 percent the previous year. The Silent Hill 2 remake shipped two million copies by January 2025, and the eFootball series has over 800 million downloads.

Tech Optimizer

December 24, 2024

PostgreSQL vs. the Cloud for GenAI? 4 Things To Consider

Generative AI (GenAI) is expected to transform industries by improving productivity and revenue. A Deloitte report states that 80% of enterprises with advanced AI capabilities plan to increase AI investments. Companies must modernize legacy systems and tackle data challenges to implement GenAI, but many still use outdated technology, leading to costly transitions and downtime. Nearly half of US generative AI decision-makers expect returns on their investments within three years, which may underestimate the complexities of AI implementation. While cloud computing offers scalability, managing costs can be difficult, prompting many enterprises to adopt financial operations frameworks (FinOps). Concerns about third-party cloud services are leading businesses to consider on-premises and hybrid solutions, with predictions that by 2025, half of enterprises will use on-premises models for AI development. Choosing the right database is crucial for GenAI development, with PostgreSQL being a strong option due to its extensibility, seamless integration, open-source benefits, and deployment flexibility. Successful GenAI strategies focus on rapid development, cost-effective failures, and effective scaling, with Percona offering support to help organizations achieve these goals.

AppWizard

November 7, 2024

A decade and $22 billion later, Meta’s big bet on messaging is finally starting to pay off

Meta's investment in WhatsApp has begun yielding substantial returns, with a 48% year-over-year increase in non-advertising revenue reported in Q3, largely due to WhatsApp's business messaging capabilities. This product enables companies to engage in paid conversations with customers, contributing to revenue growth since Q3 2022. Non-advertising revenue in Q3 was million, compared to .9 billion in ad revenue, but is growing at over twice the pace of advertising. Messaging products, including WhatsApp, Messenger, and Instagram Direct, are still in the early stages of monetization, with estimates suggesting messaging could account for around 10% of Meta's total revenue. A significant increase in content shared through direct messages has been noted, with a 100% year-over-year rise. Meta is also exploring revenue opportunities through sponsored messages and "click-to-message" ads. Generative AI is expected to enhance the messaging business's efficiency and potential revenue generation. User behavior is shifting towards sharing in direct messages rather than traditional feeds, prompting Meta to enhance its Messenger app with new features. Each messaging product serves different user bases and presents unique monetization opportunities.

AppWizard

October 18, 2024

Space Marine 2 helps Pullup revenue rise 331%

Pullup Entertainment, a French publisher, reported a 331% increase in revenue following the launch of Warhammer 40,000: Space Marine 2, achieving €200.1 million in the quarter ending September 30th, up from €46.4 million the previous year. Catalogue sales rose by 1,201% to €164 million, driven by Space Marine 2 attracting over 4.5 million players since its September 9th release, including two million users within 24 hours. The company plans to reduce net debt, mobilize resources for internal projects, and explore external growth opportunities.

AppWizard

October 14, 2024

Hot Five: Wuthering Waves sails to $150 million, Scopely’s “megadeal” plan, and Xbox Android app is on the way

Kuro Games' Wuthering Waves has generated over 0 million in gross revenue on mobile platforms within four months of its launch, with significant earnings from China and Japan. The game's revenue has declined since its peak in June, with September figures at .7 million. SuperPlay's Dice Dreams has seen a revenue growth of nearly 400% and a 91% increase in downloads since the beginning of 2023, attributed to event integration, live operations, player engagement, and market adaptation. Scopely is planning a significant acquisition next year, aiming for a deal that could generate at least billion in revenue. Africa’s video games market is projected to grow from .14 billion to .72 billion by 2029, driven by increased mobile penetration and the expansion of 5G networks. Starting in November, Xbox games will be available for purchase through the Xbox App on Android, following a court ruling that requires Google to allow third-party sales in its Play Store for the next three years.