Activision Blizzard reported that 20 people have exited company and 20 more have been disciplined in its investigation of allegations of sex discrimination at the big video game giant. The company said it has also added three full-time positions to our its ethics and compliance team and is planning to add 19 more in the […]
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Modern Times Group Reports Net Loss of $14.7M, Invests into B2C, Mobile, and Sports Digitalization Products – The Esports Observer
ESL and DreamHack parent Modern Times Group (MTG) reported its financial results for the first quarter of 2021, recording net sales of kr1.01B SEK ($120M USD), up 9.4% compared to kr924M ($110M) in the same quarter last year. The majority of the net sales were generated by the group’s gaming vertical, which recorded kr767M ($91.1M) in net sales or 75.9% of the group’s total net sales, while its esports […]
Astralis reports slight increase in revenue for 2020 – Esports Insider
Danish esports organisation Astralis Group has released its financial report for 2020. RELATED: Astralis to open flagship store at Tivoli Gardens The publicly listed company has declared “satisfactory” annual financial results that are “within expectations”, according to a release. Here are some key financial figures (all values have been converted from Danish krone (DKK) to […]
Activision Blizzard Reports Quarterly Profit of $508M and Annual Profits of $2.2B
Video game holding company Activision Blizzard published its financial earnings for the fourth quarter and full-year 2020. The company generated quarterly net revenues of $2.41B USD, up 21.5% compared to $1.99B during the same period of 2019. For the full-year 2020, Activision Blizzard recorded net revenues of $8.1B, which marks an increase of 25% year-over-year. […]
Square Enix Reports Sales Up 34%, Despite Mobile And Online Game Losses
Square Enix reports that net sales increased 34% year-on-year to $2.4 billion. The Japanese publisher also noted its operating income rose 48% to $389.6 million and ordinary income rose 38% to $369.7 million. In Q3 2020, Square Enix’s HD games division had a net sales increase of 124% year-on-year. Net sales of the publisher’s console […]
Alphabet reports record revenue for Q4 2020 as Google Cloud sales soar
(Reuters) — Google parent Alphabet on Tuesday reported record revenue for the second straight quarter despite the pandemic, driving shares up 6% as it topped estimates for both advertising and Cloud sales as customers unleashed budgets for the holidays. Cutbacks by travel and entertainment advertisers in 2020 were nearly made up as the year went […]
Reports Of Xbox Controllers Using Batteries Because Of Microsoft And Duracell Deal Are False
Duracell and Microsoft have a deal – that much is true – but it has just clarified that the deal does not mean that Microsoft has to use AA batteries in its Xbox controllers. Rather, the support for batteries is simply down to players enjoying the freedom of choice. Talking to Digital Foundry, Microsoft’s Jason Ronald revealed, […]
Riot Games Reports 23M Average Minute Audience for Worlds 2020
Riot Games has reported viewership figures for the League of Legends World Championship, which generated a 23.04M average minute audience across all platforms. This is up from 2019’s championship event which reached a 21.8M AMA. Worlds 2020 was broadcast across more than 21 platforms and in 16 languages. The combined viewership peaked at 45.95M concurrent […]
YouTuber ACG Reports Their PlayStation 5 Is Already ‘100% Dead’
A week ago, our very own Kirk McKeand took a peek at the PS5 to see how good of a next-gen console it really was. We’re happy to report that he found no faults with Sony’s new gaming machine and not a whiff of heat issues that some have reported. The only real fault one […]
Riot Games Reports Record Viewership for LCS Summer Split
Riot Games has reported viewership figures for the 2020 Summer Split of the League of Legends Championship Series. The publisher described it as the most-watched Summer Split since 2016, attributing part of this growth to the revamped double-elimination format used during the playoffs. Peak viewership for the season reached 551.68K, up 12.4% from 2019. The […]