EA and Take-Two just took a beating in the stock market after their earnings calls, and both are side-eyeing Fortnite as a factor.
Microsoft announced its financial results for Q3 of fiscal year 2026, including an update on its gaming Xbox business and more.
Not looking good. Hopefully Asha Sharma is able to turn Phil’s disaster around.
To me it's still quite remarkable how they can cash-in 5.3bn in revenue in a single quarter, since their hardware is basically dead.
The stock mark is what makes Microsoft remarkable, They have convinced every institutional and retail investor to just keep piling money into them. Like many big tech giants they are just a big growing pyramid scheme. As long as people keep dropping money into ETF's that cover the market Microsoft will always be liquid. At the same time it is completely stifling innovation and competition. People need to start being more discreet in how they invest their money as it's killing the system.
Riiiiight because people will just flock back to them for one or two games per year.
15+ years of bad performance is what they call irreparable in business. It is time for them to sell off the assets and get out of entertainment.
These declines are on the back of extra revenue received from releasing games like Forza horizon 5 on PlayStation. So I’m being sarcastic here when I said they should go back to exclusives. Killing off a revenue stream from Ps5 sales will only make things worse
The charity event will be streamed live from Gamescom in August.
Xbox Game Pass Ultimate is getting cheaper but Call of Duty is leaving day-one access. Here’s what we think the price drop means for Xbox, PC Game Pass, and the future of the service.
They would be better breaking up what valued assets they still have and put them out to auction for the competition.
There is no more financial gain for them on any trajectory in the entertainment space.
It is funny as I was saying to someone that Anthem will be a big test as people have blasted it online. Yet I also say EA has an interesting consumer base in that they take a ton of heat online and until recently still keep going along strong. I saw that Anthem is expected to sell 5-6 million units in the first month which would be a hit for them despite the negativity and then all eyes will likely wait for E3 and their EA play. Madden and FIFA sell and they will likely be waiting to see what Star Wars announcements come. Let us not forget that despite not being involved in the production; they will be getting Apex Legends money and at 2 million users and growing; that will help.
Usually you'd feel bad for any company struggling financially.... but not these 2, especially EA.
Love it!