The company is reporting a 14% increase in net sales year-over-year.
PS4 may be reaching the end of its life, but services have become key in the industry. Sony says profit from PS Plus is ‘expected to increase significantly.’
On a quarterly earnings call earlier this week, COO Blake Jorgensen revealed that EA’s net revenue was $1.348 billion for the second fiscal quarter of 2020, topping the publisher’s original estimate by $33 million.
The publisher has also delayed a suite of its upcoming AAA titles into fiscal year 2021-21.
Microsoft has reported that total gaming revenue fell 7% as fewer people purchased Xbox consoles.
With the launch of Fortnite Chapter 2, Epic’s battle royale title saw a 141% increase in sales in just one week on iOS.
Red Dead Redemption 2 remains the top-selling game of the last 12 months, with NBA 2K20 topping the September charts and leading the franchise to a noteworthy milestone.
PUBG Mobile leads the revenue charge and Mario Kart Tour enters top ten downloads chart as overall mobile spend hits nearly $22 billion for the quarter.
The company expects a cash flow increase as a result of new game releases, in addition to the restructuring efforts.
The seed round was led by Bitkraft Esports Ventures, one of the most active esports investment funds in the world. Meta Games plans to use the investments to complete its first title, which is currently in open beta.
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