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Steve Jobs Told Zynga In-App Purchases Were 'Stupid.' 15 Years Later, The 'FarmVille' Creator Lands Biggest Video Game Deal Ever
Sunday, November 27, 2022 - 10:48am | 596One of the biggest news items of early 2022 was Take-Two Interactive Software, Inc.'s (NASDAQ: TTWO) $12.7-billion acquisition of Zynga. Zynga founder Mark Pincus shared the story of the company's early days and some lessons along the way. What Happened: The mobile game company,...
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Roblox Q2 Earnings: Sellers Out In Force After Revenue, EPS Miss, Lower Bookings
Tuesday, August 9, 2022 - 4:33pm | 383Gaming company Roblox Corporation (NYSE: RBLX) reported second-quarter financial results after market close Tuesday. Here are the key highlights. What Happened: Roblox reported second-quarter revenue of $591.2 million, up 30% year-over-year. The revenue came in shy of a Street estimate of $645...
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Are Netflix Subscribers Playing Its Video Games? Here's The Latest Data
Tuesday, August 9, 2022 - 1:29pm | 696Streaming giant Netflix Inc (NASDAQ: NFLX) has seen its base of subscribers decline in 2022. Video games and an ad-supported plan could be among the growth areas for the company. A new report shows the company’s early role in the video game sector might be underwhelming. What Happened: Data...
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Electronic Arts Q1 Earnings Highlights: Revenue Beat, FIFA Mobile Hits Company Record, Guidance And More
Tuesday, August 2, 2022 - 4:25pm | 375Video game company Electronic Arts Inc (NASDAQ: EA) reported first-quarter financial results after the market close Tuesday. Here are the key highlights. What Happened: Electronic Arts reported first-quarter revenue of $1.767 billion, a 13.9% year-over-year increase. The total came in ahead of a...
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Why Mobile Game Company Playtika Is Surging After Hours
Thursday, February 24, 2022 - 5:54pm | 345Mobile gaming company Platika Holding Corp (NASDAQ: PLTK) announced fourth quarter and full fiscal year financial results after market close. What Happened: Playtika reported fourth-quarter revenue of $649 million, up 13.2% year-over-year. The company reported full fiscal year revenue of...
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Zynga Pushes Into NFT Gaming, Announces Record Q3 Revenue: What Investors Should Know
Tuesday, November 9, 2021 - 4:21pm | 746A mobile game studio announced a key hire that could push the company into the world of non-fungible tokens. The hire came on top of record third quarter revenue and bookings. Here’s what investors should know Tuesday about Zynga Inc (NASDAQ: ZNGA). Zynga's NFT Games Push: Zynga...
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If You Invested $1,000 In Nintendo Stock When Pokemon Go Was Launched, Here's How Much You'd Have Now
Sunday, August 1, 2021 - 4:23pm | 278In 2016, the hit mobile game Pokemon Go was released and saw millions of people download the game and head outdoors to attempt to “Catch ‘Em All.” The game has continued to be a hit and even passed $1 billion in revenue in 2020, its best year since launching. Pokemon Go celebrated...
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Will Video Games Continue Growth, Even Against Tough Comps?
Friday, July 30, 2021 - 8:21am | 565One of the sectors to see massive growth during the COVID-19 pandemic was video games. The strong year-over-year increase in spending in the sector created optimism for many companies but also created some tough comparable sales. Strong second-quarter growth in the sector could show that the strong...
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Roblox Brings Sony Artists To The Metaverse: What Investors Should Know
Tuesday, July 6, 2021 - 4:12pm | 541One of the most popular mobile games announced a strengthened relationship with a large music publishing company. Sony has worked with Roblox on the Lil Nas X virtual performance in November 2020 and a Zara Larsson launch party in May 2021. What Happened: Roblox Corp (NYSE: RBLX) announced a...