Finance and sales

All about the financial side of the games industry. Financial reports of public companies. Reports on the financial successes and failures of video games. Data on installs and revenues.

GameStop announced its financial results for the first quarter ending May 4, 2024. The company saw a 26% drop in sales, bringing in $882 million, a decline from last year's $1.2 billion. In its preliminary figures revealed last month, GameStop had anticipated sales ranging from $872 million to $892 million. The retailer reported a net loss of $32.3 million, a 36% improvement from the $50.5 million loss recorded during the equivalent quarter the previous year. Earlier projections had estimated the net loss to fall between $27 million and $37 million
Supercell's Squad Busters garnered an estimated $1.1 million in revenue on its launch day, as per Sensor Tower's data. PocketGamer reported that the game achieved around 8.8 million downloads upon its release on May 29. Additionally, Supercell announced via social media that Squad Busters had hit 40 million pre-registrations at launch
According to Adjust's latest findings, mobile games accounted for 49% of the global games market's revenue in 2023, totaling $90.4 billion. The 2024 Mobile App Trends report, covering the period from January 2022 to January 2024, revealed a 6% year-over-year increase in in-app revenue for game apps, despite a 2% drop in overall consumer spending to $107 billion. The top five apps for consumer spending were Candy Crush Saga, Honour of Kings, Roblox, Royal Match, and Coin Master
Whereas video game merchandise has traditionally focused on collectibles, clothing, and figurines, there is a growing interest in music from video games. This trend has given rise to specialized game-music labels such as Laced Records. Founded in 2015 by CEO Danny Kelleher, Laced Records has collaborated on nearly 80 intellectual properties across 250 releases. Their clientele includes major names like Devolver, Bethesda, Capcom, Sega, Ubisoft, and Bandai Namco. Among the services offered, the record label is particularly sought after. Most recently, Laced Records partnered with Remedy to launch the Alan Wake 2 soundtrack on May 13, celebrating the franchise’s 14th anniversary