Electronic Arts shareholders are being sorely tested again after the video game giant posted good earnings but warned about a tough quarter ahead. The stock has fallen 4.8 percent today to $14.41 a share, valuing EA at $4.77 billion. Now the analysts are weighing in.
Activision Blizzard will report its first-fiscal-quarter earnings on Wednesday, May 9, after the market close. This will come two days after its arch-rival Electronic Arts reports its earnings, and the two together will paint a better picture of the grudge match between EA’s Star Wars: The Old Republic and Activision Blizzard’s flagship online game World of Warcraft.
Editor’s Pick GamesBeat has learned that at least two free-to-play developers are currently in talks with Microsoft.
Editor's Pick Zynga’s purchase of OMGPOP for a price reported to be around $150 million to $200 million has drawn mixed reviews on Wall Street. The deal gives Zynga the team that made Draw Something, a Pictionary-style mobile game that has been a phenomenal success over the past six weeks.
Here are some of the stories that ran on GamesBeat this week. We’re running more articles exclusively in the GamesBeat section of VentureBeat, particularly when they’re mainly of interest to our game readers. The broader-interest posts will continue to run on VentureBeat as well. Please visit the GamesBeat section to catch up on the latest game news. We’re ramping up our game coverage, so you’ll find a larger amount of deeper news at GamesBeat.
Social game maker Zynga reported a modest profit for the fourth-quarter in its first-ever quarter financial report today.
Many eyes in the gaming industry will be on THQ on Thursday, Feb. 2 when it releases its financial results for the third quarter of fiscal 2012. The video game publisher’s future has been questioned recently after multiple layoffs, rumors of game cancellations, and poor stock performance.
Video game publisher THQ today announced it is officially shifting its focus from traditional kids’ licensed games to “core” franchises such as Saints Row, UFC, and Darksiders in order to become a more streamlined organization. The announcement comes after recent layoffs at its family division, Play THQ, and rumors that the struggling company was looking to cancel its 2014 lineup of titles.
Saints Row: The Third publisher THQ says rumors of its demise have been greatly exaggerated.
Zynga has taken a beating in its first two days of trading as a public company, with the stock closing at $9.05 a share today, down almost 10 percent from its initial public offering price of $10 a share on Friday.
With the IPOs of Zynga and Nexon this week, the social and online game industries have their first billion-dollar public offerings. May many more follow.
Zynga is about to begin trading as a public company on Thursday, but the value of the company is up for debate, based on reports from some well-known Wall Street analysts and other financial experts.
Zynga co-founder and chief executive officer Mark Pincus said today that his company could double its number of paid subscribers.
Welcome to the front lines of gaming. I’ve been covering the game industry on a day-to-day basis for about 15 years, mainly by immersing myself in the environment. I play games and I interview people in the game industry daily. But it sometimes helps to pull back and see the industry from afar, as outsiders might see it.
Our well-attended GamesBeat 2011 conference took place this week, and here’s what you missed.
We’ve collected some of the finest journalists covering the game industry to moderate the 28 different sessions at GamesBeat 2011, which takes place July 12-13 at the Palace Hotel in San Francisco. Our full agenda is here. Please meet the cast of characters.