video games Archives - CFO

Take-Two Buys Zynga in $11B Mobile Play

Take-Two Buys Zynga in $11B Mobile Play

The deal positions the maker of Grand Theft Auto to become a leader in the fastest-growing segment of the video gaming industry.

By Matthew Heller | January 10, 2022

GameStop Stock Falls On Q1 Results; Hires New CEO, CFO

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GameStop Stock Falls On Q1 Results; Hires New CEO, CFO

The video game retailer hired two Amazon veterans to help it make a push into e-commerce.

By Lauren Muskett | June 10, 2021

Electronic Arts Goes Mobile With $2.4B Glu Buy

Electronic Arts Goes Mobile With $2.4B Glu Buy

With the addition of Glu Mobile games such as “Kim Kardashian: Hollywood,” EA will double the size of its mobile business.

By Matthew Heller | February 9, 2021

EA to Buy U.K. Gaming Company Codemasters for $1.2B

EA to Buy U.K. Gaming Company Codemasters for $1.2B

The Codemasters board of directors chose the EA deal over an earlier offer from Take-Two Interactive.

By Lauren Muskett | December 14, 2020

Video Game Company Roblox Files for IPO

Video Game Company Roblox Files for IPO

The user-generated gaming platform, hugely popular with kids, has yet to turn a profit.

By Lauren Muskett | November 20, 2020

Take-Two Acquires Playdots for $192M

Take-Two Acquires Playdots for $192M

Playdots has made three popular games—Dots, Two Dots, and Dots & Co.—that have been downloaded more than 100 million times.

By Lauren Muskett | August 18, 2020

Zynga Rides Gaming Binge to Record Quarter

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Zynga Rides Gaming Binge to Record Quarter

“We are living in unprecedented times and more people than ever before are turning to games for entertainment and a sense of community."

By Matthew Heller | August 6, 2020

Microsoft Scraps Game Streaming Platform

Microsoft Scraps Game Streaming Platform

Microsoft tried to compete with Amazon's Twitch but its Mixer service saw "almost no growth in a medium that has otherwise been exploding."

By Matthew Heller | June 23, 2020

Video Game Sales Hit Record $10.8B in Q1

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Video Game Sales Hit Record $10.8B in Q1

Consumers confined to their homes by COVID-19 are turning to games not only as a diversion but also for social connection.

By Matthew Heller | May 15, 2020

GameStop Shares Drop 29% After Dividend Halt

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GameStop Shares Drop 29% After Dividend Halt

The video game retailer will save about $157 million a year by eliminating the dividend as it struggles with shrinking profits.

By Matthew Heller | June 5, 2019

Free-to-Play Games Weigh on Take-Two Sales

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Free-to-Play Games Weigh on Take-Two Sales

Take-Two's Q4 adjusted revenue missed estimates amid pressure from online and free-to-play video games such as Fortnite.

By Matthew Heller | May 14, 2019

Activision Blizzard to Lay off 8% of Workforce

Activision Blizzard to Lay off 8% of Workforce

Most of the job cuts will come from support staff as the video game publisher prioritizes investment in its biggest franchises.

By Matthew Heller | February 13, 2019

GameStop Misses Estimates, Exploring Sale

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GameStop Misses Estimates, Exploring Sale

The retailer believes it can still "leverage our industry-leading position to drive growth in the second half" of the year.

By Matthew Heller | September 7, 2018

GameStop Hardware Sales Jump 45% in Q4

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GameStop Hardware Sales Jump 45% in Q4

Strong demand for Nintendo Switch, PS4 Pro, and Xbox One X consoles powered the retailer's 12.2% gain in same-store sales.

By Matthew Heller | March 29, 2018

GameStop Shares Plunge on 13% Sales Decline

GameStop Shares Plunge on 13% Sales Decline

The company believes its shift toward non-gaming businesses is paying off and sees "an abundance of business opportunities."

By Matthew Heller | March 24, 2017