Insomniac: "We're making good progress, and it's still slated for 2023. Showing games takes time, effort, resources, and coordination."
Microsoft announced its financial results for Q3 of fiscal year 2025, including an update on its gaming business.
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That's not how that works.
Gaming revenue is already a balance of Content and Services +/- Hardware. So it's simply one step forward. Microsoft's gaming business is growing, and has been growing pretty much forever.
...two steps forward and one step back still amounts to one step forward, does it not?
@darthv72: But in this case, it's more one step forward that would be pretty large, but is held back by some weight, so it's instead a bit smaller, but it's still a sizable step forward, since hardware weighs a lot less than content and services. Your comparison would work if C&S and Hardware were equivalent.
Really depends on your goal. I was told by Microsoft that they were still pushing hardware, so I don't know what to believe.
They should drop the price of hardware permanently . Its been 5 years but have had price increases? Doesn't make since
Hardware revenue will probably sit somewhere between 800M - 1B for the quarter.
And content & services make up around 75 - 80% of total gaming revenue. Total gaming revenue is up 5%.
While positive numbers are positive, I don't find +5% year-on-year in total revenue a great, not even a good result considering what they've been throwing into the pot since their last Q3.
I don't think they are happy with only a +5% payoff since and compared to last year's Q3, which was abysmal, despite these numbers are indicating "Positive!" at 1st glance.
Especially since in terms of revenue, hardware doesn't contribute a lot to overall revenue anymore ("only" -6% down, because there's no hardware really being sold anymore).
Well what do you know. When you release good games, good consecutive 1st party you output you actually make money.
Minus hardware of course.
I'll give credit where it's due. MS is starting to capture that old 360 energy when it comes to games and releases. It took them 14 years of having a clue but they seem to be doing it now. All will be lost if they step on rakes like they're known to do. Who knows how long it'll last.
In addition to the roughly 100 job cuts IGN reported earlier today at Respawn Entertainment, EA has made wider cuts across its organization today, impacting around 300 individuals total including those already reported at Respawn.
Absolutely insane. Man I'm hope they land on their feet EA needs to get the shit together badly....
This is why this industry has slow releases and none compelling games.
Today, Koei Tecmo announced its financial results for the full fiscal year 2024, on top of its new mid-term management plan and objectives.
Which means no GTA6😥
2023 is looking great for PS5! Spder-Man 2, Forspoken, Final Fantasy 16, Final Fantasy 7 Rebirth, Stellar Blade, maybe some Horizon FW DLC, plus new hardware with PSVR 2 and Dualsense Edge!
Good good i need it in my veins
Can’t wait to see a “current gen” only Spider-Man. This is gonna be another epic masterpiece game from Insomniac. I can’t even imagine the bar they’re going to set with this and Wolverine coming right behind it.
Why is there doubt? A re people going to put the pressure on for this to be delayed too?