The DFC Dossier was launched in 2007 to provide analysis and insights into the video game industry. The goal was to highlight the nuances behind DFC Intelligence forecasts. Originally the Dossier was delivered as a PDF file with news, company and product profiles, interviews, and forecasts. The Dossier is now online with core articles available on the main Dossier page. DFC analysis of the latest news can be found on the news page. Detailed forecasts for individual companies and stocks can be found on the DFC Intelligence Video Game Stock Index which launched in 2023, as well as the Market Leaders section which has profiles and the latest stock quotes for companies in the video game space.
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Guide to DFC Analysis
News Analysis Articles
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.
…..
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. …..
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 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. …..
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. …..
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 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…..
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…..
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 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 …..
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 …..
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
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…..
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…..
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
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…..
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…..
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…..
Microsoft Hardware Revenue Has Major Decline
For its third fiscal quarter ending 3/31/23, Microsoft reported that Xbox Hardware revenue was down 30% year over year. Xbox content and services were up 3%. Overall game revenue was down 4% to $3.6 billion.
Analysis
The big news this week has been the U.K. blocking Microsoft’s acquisition of Activision Blizzard. The recently released financia…..
For its third fiscal quarter ending 3/31/23, Microsoft reported that Xbox Hardware revenue was down 30% year over year. Xbox content and services were up 3%. Overall game revenue was down 4% to $3.6 billion. Analysis The big news this week has been the U.K. blocking Microsoft’s acquisition of Activision Blizzard. The recently released financia…..
For its third fiscal quarter ending 3/31/23, Microsoft reported that Xbox Hardware revenue was down 30% year over year. Xbox content and services were up 3%. Overall game revenue was down 4% to $3.6 billion. Analysis The big news this week has been the U.K. blocking Microsoft’s acquisition of Activision Blizzard. The recently released financia…..
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…..
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…..
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…..
Articles of Interest
In addition to DFC’s own opinion, we suggest recent third-party articles of interest that include brief comments on why we recommend these articles as subject for future research.
