Microsoft just posted the third quarter of its 2024 fiscal financial results. The software maker made $61.9 billion in revenue and a net income of $21.9 billion during Q3. Revenue is up 17 percent, and net income has increased by 20 percent.
IGN Entertainment has acquired the Gamer Network family of digital brands for an undisclosed sum. As a result of the acquisition, some redundancies have been made across the UK-based organisation.
Well this can only mean one thing... more job layoffs even in the publication industry.
Probably Microsoft's fault!
They surely gave IGN the idea.
What's next IGN Pass?
But joke aside let's hope that this makes the news better compared to some of IGN branches
Oh boy! If we've learned one thing about recent news, corporate shrinkage of an industry via buyouts from those at top only leads to good things for employees and consumers!
Ummmm not sure that’s a good thing that all these review sites are under the same umbrella. There’s no guarantee that they will maintain a non-bias opinion not paid for by the highest bidder.
Ouch, that does not sounds good for Eurogamer.
With so much of the industry media that will more or less follow the same editorial line, it will be harder and harder to distinguish PR from actual journalism in a couple of years.
Thinking about it, may it explain their review score for Hellblade 2?
"To celebrate its 20th anniversary, QubicGames is bringing a curated collection of its top titles on Steam. As a launch gift to players, there is even a "20 for 20 - Anniversary Bundle" that will be heavily discounted to allow gamers to purchase their favorite titles at irresistible prices. Players who purchase the entire bundle at once will pay less than $20!" - QubicGames.
Take-Two Interactive CEO Strauss Zelnick joins 'Money Movers' to discuss the company's quarterly earnings results, how confident Zelnick is in the guidance for fall 2025, and much more.
Xbox content + services up 62% while hardware down 31%... seems about right with the way they tout you don't need the hardware to play. People can play on their phones or smart tv or other means. I don't hardly play on my consoles directly since getting devices like the logitech g-cloud and ps portal. Which is to also say I have been playing more digital than physical because of these devices.
Xbox hardware revenue tanks to lowest point of Xbox Series generation
I'm not surprised surface is struggling they aren't relevant anymore
Too expensive hardware when others offer the same or more for less? Good work, Green Team.
"Despite some early successes for Xbox games on rival platforms, Xbox hardware is down by a massive 31 percent this quarter."
"Without Activision Blizzard, Microsoft’s overall gaming revenue would have actually declined this quarter."
"Xbox content and services would have only been up a single percent without Activision Blizzard..."
"It looks like next quarter is going to be a similar story for gaming at Microsoft, too."
That is crazy... so A/B/K is carrying the whole Xbox gaming.
Oh and Microsoft will be fine. Windows, Office and Cloud are growing with each pc purchase.