Virtual Economy

Episode 162: The Stark Contrast Between Positive Earnings and Gruesome Layoffs (News Show)


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We're in the thick of earnings season, and it's hard to swallow positive financial news amid an avalanche of heartbreak labor stories. On this week's show: Sony EA, Nintendo, Take-Two, Remedy, Sega, and Square Enix earnings.

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TIME STAMPS

  • [00:02:35] - Sony Earnings for Q2 FY2023
  • [00:08:50] - EA Earnings for Q2 FY2024
  • [00:17:00] - Nintendo Earnings for Q2 FY2024
  • [00:27:08] - Take-Two Earnings for Q2 FY2024
  • [00:29:00] - Remedy Earnings for Q3 FY2023
  • [00:31:02] - Sega Earnings for Q2 FY2024
  • [00:34:32] - Square Enix Earnings for Q2 FY2024
  • [00:39:25] - Remedy Update on Project Vanguard
  • [00:42:57] - Investment Interlude
  • [00:56:14] - Quick Hits
  • [00:59:21] - Labor Report
  • [01:14:05] - Listener Questions

SOURCES

  • Q2 FY2023 Consolidated Financial Results | Sony
  • Electronic Arts Reports Strong Q2 FY24 | EA
  • Consolidated Results for the Six Months Ended September 30, 2023 | Nintendo
  • IR Presentation for Fiscal Year Ending March 2024 | Nintendo
  • Take-Two Q2 FY24 Earnings | Take-Two
  • REMEDY ENTERTAINMENT PLC: Q3 2023 | Remedy
  • Remedy Entertainment plans to reboot codename Vanguard to a premium game with a strong cooperative multiplayer component | Remedy
  • Q2 for the Fiscal Year Ending March 2024 | Sega
  • Results Briefing Session for the Six-Month Period Ended September 30, 2023 | Square Enix
  • Sony's Bungie Game Unit Cut 8% of Staff After 'Destiny' Play Wilted | Bloomberg (Paywall)
  • Embracer's implosion continues as Star Trek Online developer Cryptic Studios lays off employees | PC Gamer
  • Motorsport Games to lay off up to 38 employees | GamesIndustry
  • 100 Thieves to cut 20% of its workforce | GamesIndustry
  • The layoffs continue: Ubisoft cuts 124 jobs worldwide, including nearly 100 in Canada | PC Gamer
  • Worker co-op dev The Glory Society has shut down | Game Developer
  • Unity is probably going to do layoffs | The Verge
  • Wayfinder, Warframe publisher Digital Extremes cuts workers, divests from Wayfinder | Polygon
  • Samurai Punk is ceasing development | Twitter
  • Samurai Punk staff | Twitter
  • Amazon Lays Off 180 Employees In Its Games Division | Aftermath

INVESTMENT INTERLUDE

  • Global Gaming Report Q3 2023 | Drake Star
  • Atari enters into an agreement to acquire Digital Eclipse | Atari
  • System Era Acquired by Devolver | System Era
  • Midwest Games secures $3m in funding | GamesIndustry
  • Neowiz invests in Blank Game Studios | GamesIndustry
...more
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Virtual EconomyBy Michael Futter and Amanda Farough

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