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Slowing growth in gaming combined with economic uncertainty has hurt Electronic Arts stock. Electronic Arts has demonstrated its ability to successfully diversify its offerings, and it holds a loyal player base. EA stock is trading at a rich valuation. Volatilities in the short te...
Cowen is curtailing its expectations for console videogame spending this year, pointing to additional hurdles from game delays as well as foreign exchange since its last look at the space. The firm expects 2022 console game spending to fall 7%, down from a previous estimate for a 1%...
Videogame sales continued a year-over-year decline in July - but at a moderating rate, and the spending tracked back toward near 2020 levels, with some help from increased console outlays. Overall sales fell 9% year-over-year to $4.177B, according to NPD Group, mirroring the 10%...
Consumer videogame spending slipped 13% in the second quarter from the same period a year ago - an acceleration of year-over-year declines as the industry struggles through tough comparisons to a pandemic 2021, and wrestles its way out of supply-chain woes amid an inflation shock to ent...
Roundhill Announces Changes to Roundhill BITKRAFT Esports & Digital Entertainment ETF (NYSE Arca: NERD) Roundhill Announces Changes to Roundhill BITKRAFT Esports & Digital Entertainment ETF (NYSE Arca: NERD) PR Newswire NEW YORK , July 25, 2022 ...
Take-Two shares have pulled back as a result of declining spending on video games. The company is increasing its recurrent consumer spending, which I believe makes their revenue more stable. The developer's product pipeline aims to increase the release rate of new titles, especial...
Videogame sales slid to a 27-month low in May, marking its biggest pullback in months after a period relatively devoid of new releases. May's overall sales tumbled 19% to $3.68 billion from a year-ago $4.522 billion, according to NPD Group - with broad declines, but a particularly heavy drop ...
Videogame industry sales slipped 8% year-over-year in April - the sixth straight month that was worse than the year before, though at least the declines stopped accelerating. December sales had shown up down 1% from the prior year, while January dipped 2%; February sales slipped 6%; and March...
Consumer videogame spending fell 8% in the first quarter compared to the same period in 2021, an indicator of the comedown from mid-pandemic highs as some consumer dollars found their way back to alternative experiences, and the industry continued to struggle getting new consoles into buyers'...
Maintain neutral/hold call on Corsair as it transitions to dealing with post-pandemic consumers with less “stay-at-home” behavior. Sales growth is slowing, on both annual and quarterly trends, while forward guidance by management was uninspiring. Corsair has a very c...
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Take-Two Interactive Software Inc (NASDAQ:TTWO), the maker of the Grand Theft Auto franchise, plans to close two subsidiaries, Roll7 and Inter...
Take-Two Interactive Software, Inc. (NASDAQ:TTWO) said it will eliminate headcount and reduce future hiring needs as a part of its cost r...
Electronic Arts Inc (NASDAQ:EA) disclosed plans on Wednesday to lay off 5% of its workforce, approximately 670 employees, as part of a broader...