Microsoft's layoffs have sent the FTC into a tizzy, adding fuel to the ongoing fire. Also: It's earnings season, with EA, Microsoft, Capcom, Nintendo, Square Enix, Paradox, Take-Two, Sega, and Meta reporting. We also cover the latest in the layoff storm that continues to drown the industry and Disney's $1.5B investment in Epic.

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TIME STAMPS

• [00:01:14] - EA Earnings
• [00:12:44] - Microsoft Earnings
• [00:22:59] - Capcom Earnings
• [00:28:23] - Nintendo Earnings
• [00:31:09] - Square Enix Earnings
• [00:37:45] - Paradox Earnings
• [00:42:38] - Take-Two Earnings
• [00:49:17] - SegaSammy Earnings
• [00:53:09] - Meta Earnings (Brief)
• [00:55:57] - Investment Interlude
• [01:12:13] - Quick Hits
• [01:19:36] - Labor Report

SOURCES

• Electronic Arts Reports Strong Q3 FY24 Results | EA
• Microsoft Earnings Release FY24 Q2 | Microsoft
• Capcom On Track to Achieve Full-Year Guidance | Capcom
• Consolidated Results for the Nine Months Ended December 31, 2022 and 2023 | Nintendo
• Consolidated Financial Results for the Nine-Month Period Ended December 31, 2023 | Square Enix
• Year-end report January – December 2023 | Paradox
• Take-Two Interactive Software, Inc. Reports Results for Fiscal Third Quarter 2024 | Take-Two
• SegaSammy Q3 Results Presentation | SegaSammy
• Meta Reality Labs loses $4.65B in Q4 | Meta
• Tencent CEO feels its game business "achieved nothing" during 2023 | Game Developer
• Embracer lays off staff at Star Trek: Infinite dev Nimble Giant | Game Developer
• Wayfinder dev Airship Syndicate lays off 12 employees | Game Developer
• Square Enix absorbs Tokyo RPG Factory | Gematsu
• Hidden Path Layoffs | Jeff Pobst on LinkedIn
• Roughly half of Devolver's Artificer studio laid off | Games Industry
• Devolver Digital CEO Douglas Morin steps down | Games Industry
• Layoffs at Netease, MiHoYo, Tencent | Core Esports
• The FTC is Going After Microsoft Over Layoffs | Tom Warren (@tomwarren) on Twitter
• …And Microsoft has Responded | Tom Warren (@tomwarren) on Twitter

INVESTMENT INTERLUDE

• Nordcurrent snaps up Cinemaware library | Games Industry
• Disney and Epic Games to Create Expansive and Open Games and Entertainment Universe Connected to Fortnite | Disney
• Nitro Games receives further €3.5 million to continue Warframe mobile development | Pocket Gamer
• Six Nations-backer CVC in talks to buy Runescape-maker for £900m | Sky News
• FromSoftware owner Kadokawa acquires Octopath Traveler studio | Eurogamer