Skip to main content
Advertising

Originally published Wednesday, April 24, 2013 at 2:54 PM

  • Share:
           
  • Comments (0)
  • Print

How the video games industry is faring

Companies in the video games industry have begun releasing earnings reports for the latest quarter. Here's a look at selected companies that make or sell video games or machines.

The Associated Press

Most Popular Comments
Hide / Show comments
No comments have been posted to this article.
Start the conversation >

advertising

Companies in the video games industry have begun releasing earnings reports for the latest quarter. Here's a look at selected companies that make or sell video games or machines.

- April 3: Mobile game developer Rovio Entertainment Ltd. says the popular Angry Birds franchise helped it double revenue in 2012 to 152 million euros ($195 million). Net income surged more than 55 percent to 55.5 million euros ($71.2 million).

- April 18: Microsoft Corp. says revenue from its Xbox 360 business grew by $641 million, or 55 percent, in the January-March quarter. That's from higher revenue from its Xbox Live service and the recognition of $380 million in deferred video game revenue. Revenue is deferred when video games are sold with software upgrades and enhancements. Like other video game companies, Microsoft spreads that out over time, while the game is played, rather than all at once.

- Thursday: Zynga Inc.'s surprise profit in the first three months of the year gets overshadowed by a revenue decline, a drop in the number of users and a lower-than-expected second-quarter forecast. The online games company manages a small profit of $4.1 million, or breakeven per share, by cutting expenses. CEO Mark Pincus says 2013 will "continue to be a transition year."

Nintendo Co. says it returned to profit for the fiscal year that ended March 31 as a lift from the weakening yen offset sales struggles caused by software delays for its latest home console, Wii U. Both profit and sales results are slightly worse than the projections of analysts surveyed by FactSet. Wii U sales of 3.45 million units fell short of Nintendo's target of 4 million units in the fiscal year. That already had been lowered from an earlier projection of 5.5 million.

Coming up:

- May 9: Sony Corp. (PlayStation)

News where, when and how you want it

Email Icon


Advertising
The Seattle Times

To keep reading, you need a subscription.

We hope you have enjoyed your complimentary access. Subscribe now for unlimited access!

Subscription options ►

Already a subscriber?

We've got good news for you. Unlimited seattletimes.com content access is included with most subscriptions.

Subscriber login ►