Virtual Economy

Episode 56: Take-Two Doesn’t Believe In Subscriptions (Earnings Show)


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In our second big earnings show of the reporting period, we break down what went right at Nintendo, EA, and Take-Two, and what went… not so well at Sega and Square Enix. EA is about to make bank on its EA Play service thanks to its Game Pass partnership, while Take-Two continues to dismiss subscription as a viable piece of gaming’s future.

  • Nintendo Full Financial Release: https://www.nintendo.co.jp/ir/pdf/2020/201105e.pdf 
  • SegaSammy Consolidated Financial Reports Q2 FY21: https://www.segasammy.co.jp/english/pdf/release/202103_2q_tanshin_20202206_e.pdf 
  • Square Enix Consolidated Financial Results for the Six-Month Period Ended September 30, 2020: https://www.hd.square-enix.com/eng/ir/news/pdf/21q2earnings.pdf 
  • EA Financial Results Q2 FY21: https://s22.q4cdn.com/894350492/files/doc_financials/2021/q2/Q2-FY21-Earnings-Release-Final.pdf 
  • Take-Two Financial Results Q2 FY21: https://ir.take2games.com/news-releases/news-release-details/take-two-interactive-software-inc-reports-strong-results-16?field_nir_news_date_value[min]= 
  • Zynga IR: https://investor.zynga.com/static-files/3781c001-7e1f-42e8-a3f3-981352462da9 
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Virtual EconomyBy Michael Futter and Amanda Farough

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