Capcom Pro Tour

Capcom Sales Grow 14% in Latest Fiscal Year

For the fiscal year ended 3/31/23 Capcom (9697.T-JP: Tokyo) (OTC:CCOEY) saw sales increase 14% YOY to ¥125,930 (about $1 billion).  Net income was up 13% to ¥36,737. Sales in the video game Digital Contents division increased 12% and accounted for 78% of overall revenue.  Capcom sold 41.7 million home video game units in the year, the highest in company history. For the fiscal year ending 3/31/24, Capcom is forecasting 12% sales growth. .....
Square Enix Digital Entertainment

Square Enix Sales Decline

For the fiscal year ended 3/31/23 Square Enix (9684.T-JP: Tokyo) reported a 6% decline in revenue to ¥343,267 million (close to $3 billion).  The Digital Entertainment division, which accounts for 72% of sales, saw a 12% decline. Analysis It was a turbulent year for Square Enix.  Last May, the company sold its Western-based Eidos division to the Embracer Group. .....
Roblox Bookings

Roblox Has Strong Q1 2023

For the first quarter ending 3/31/23, Roblox Corporation (NYSE: RBLX) reported record revenue of $655 million, up 22% over the previous year quarter.  Bookings for the first quarter were $774 million, up 23% over the previous year.  Roblox reported a loss of $268 million for the first quarter 2023 versus $160 million for Q1 2022. Analysis Roblox bookings were a record $899 million in the fourth quarter of 2022.  Because bookings include deferred rev.....
Electronic Arts Financial

Electronic Arts Reports Record Revenue

For its fiscal year ending 3/31/23, Electronic Arts (NASDAQ: EA) reported record revenue of $7.4 billion, up 6% from fiscal 2022.  For the fourth quarter FY 23 revenue was up 3% to $1.87 billion.  The biggest growth area for EA has been live services which was up 10% YOY in fiscal 2023 and 8% in Q4. Analysis At $1.87 billion, EA’s Q4 revenue beat its estimate of between $1.7 to $1.8 billion.  However, this was after EA had .....
Nintendo Results Meet Expectations

Nintendo Results Meet Expectations

For its fourth fiscal quarter ending 3/31/2023, Nintendo (7974.T-JP: Tokyo) (NTDOY: OTC) reported revenue was down year-over-year 18% to ¥306,499 million.  For the full fiscal year 2023, revenue was down 6% to ¥1,601,677 million.  Switch hardware sales for the fiscal 2023 were 18 million versus 23 million in fiscal 2022.  Software unit sales were down 9% to 214 million units. For fiscal 2024, Nintendo is forecasting sales to be down 9.5% and net profit down 21.4.....
PlayStation 5 Sales Set Record

PlayStation 5 Sales Set Record

The Games and Network Services division of Sony Group (NYSE: SONY) reported a 61% year-to-year revenue increase for the fourth quarter ending 3/31/23.  Game hardware revenue was up 180% as Sony sold 6.3 million PlayStation 5 systems.  Network services revenue was up 14%, while software was up 11%. Analysis This was the news everyone was waiting for.  After Microsoft repor.....
ATVI Revenue

Activision Blizzard Has Strong Start to 2023

For the first quarter of 2023 ending 3/31/23, Activision Blizzard (NASDAQ: ATVI) reported revenue increased 35% over the previous year to $2.38 billion.  Net bookings were up 25% to $1.86 billion.  Net income for the quarter was $740 million compared with $395 million for the first quarter of 2022. In its financial release Activision commented on the U.K. CMA decision to block its acquisition by Microsoft.  The company stated: Activision Blizzard considers tha.....

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