From GI.biz: "Devolver Digital has begun trading on AIM, a sub-market London Stock Exchange, in a floatation that values the indie publisher at close to $1 billion.
The company's stock went live at 8am this morning. Devolver's raised $261 million (£190 million) around its admission to AIM, valuing the company at $950 million (£694.6 million) -- in line with initial reports of the publisher's IPO plans earlier this year."
Shift Up once again proves that they appreciate their team, as they have just rewarded their developers with new Nintendo Switch 2s to celebrate the Stellar Blade sales reaching 3 million.
Sony’s PS5 era has generated over $13 billion in profits, surpassing the combined earnings of PS1–PS4, with $136 billion in sales.
Their recent Playstation revenue is also more than Xbox and Switch combined, obviously in large part due to 3rd party sales.
I mean, if Sony is keeping third parties happy, kind of feels like a winning method.
Kinda always been that way if you look at previous gens, exclusives are important but they aint the main revenue generator.
And this is why the game output for ps5 has been a tad slower…
1) they needed to be… games take longer to develop, and they’d burn out their teams trying to maintain the same pace as ps3.
2) they can afford to… games cost more than ever to push boundaries, so Sony had to figure out a way to match Xbox’s clever profit strategies in order to afford to continue to innovate and take risks.
@ s2killinit
Thats xbox which includes other services. The playstion division also includes other services as well. Its mostly playtion but not all playstation. What's up with all the double standards around here.
Yeah double standards like some idiots who got to talk about unrelated profits as a talking point. Wish those damn parrots could stay on topic with game related profits.
Next thing these idiots will talk about is something unrelated like Nintendo made more off the Mario movie than all of Xbox studios TV/movie endeavors combined you know?
https://en.m.wikipedia.org/...
Ouch! hahaha no wonder reaper wanna hide behind profits made by windows XD
@Chevalier
Mind you that’s only AFTER buying all those other companies adding them to the revenue. It was a LOT lower. This is Activision, Bethesda, and others COMBINED to get that number.
“The sales of windows professional on the other hand trounces god of war sales” 😂
"Mind you that’s only AFTER buying all those other companies adding them to the revenue. It was a LOT lower. This is Activision, Bethesda, and others COMBINED to get that number."
Guys we're off topic here you know? Can someone bring us back on topic and tell us how much revenue Xbox studios does for movies and TV? Pretty sure we should also discuss how much Nintendo stands to make at Universal studios on Nintendo land and the rides should be a hot ticket this summer.
"Ouch! hahaha no wonder reaper wanna hide behind profits made by windows XD"
Yeah idiots with some sort of inferiority complex needs to get their win somewhere though. But wait shouldn't we get back on topic guys? Like seriously how much money do you think Fallout Season 2 will bring in?!
Only because of games prices otherwise it’s the worst generation in PlayStation history especially for games
Thats true. The article did mention game and prices were a reason. Its also shows their greed is no different than Microsoft. Laying off all those people but yet bragging about profits and still tried to stop ABK deal. What the hell!
Closing studios, layoffs, leadership changes, PS plus increases, multiple game cancellations and delays, total flops like concord. Slowest release of first party games of any generation and they just shut down PS stars I guess because it was costing to much.
Yet they announce record profits…..the greed here is insane, MS and Nintendo too. All of them milking gamers and we just keep lapping it up like a blood hound for a meal.
Them tariffs are really hitting them hard I see.
Well a part of running a business is a tight grip on that P&L sheet. In project management. It’s a known fact that the farther into a project you go, the more costly the corrections. Having something reach the definition of done, the end of the road, and it’s hated is a monumental loss of money. As games are usually made iteratively it’s like how was this not caught and course corrected several times before this point. Sony is definitely known as trusting and allows teams to make the games they want to make. They “trust the process”. The caveat to that big budget and freedom is if it bombs, especially if it’s your first game, you’re outta there. They have shareholders/stakeholders to keep happy. Where as normally a done game like Concord would give ROI as it was out in the wild. The cost of the project is recouped and turned into profit or delivered whatever value they wanted. If the game is now NOT coming out, how do they get that money back and stay profitable? By not paying wages for that team over a course of time that would have still been on payroll working on the next potential bomb, DLC for a dead game, and essentially costing more money.
It sadly isn’t greed, it’s business. They release these great profits because 1) it’s enticing for more stakeholders to invest, and 2) Despite failures they are still balancing the books and turning record setting profits.
How many live service games died at various stages of development? They are still this profitable? Imagine if the games came out and were hits to add onto the profits?
They're talking about Microsoft quarterly profits like any true gamer would be doing.
The tour is coming to the states as new dates have been revealed.
