Developers have started reporting they have been laid off from the company.
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
Spiders: "We're going to cut straight to the chase so you're not left wondering: After a long period without clear answers, we have received confirmation that Spiders is being liquidated.
What does it mean? This means the company as a whole no longer exists. We'll cease our functions immediately. The planned DLC will release via Nacon, and then-- well, that's it.
We're sorry that it's come to this and would like to thank each and every one of you for your support over the years.
If you have any questions or run into issues with your games, please contact Nacon directly as we'll no longer be able to reply."
And they killed Ready at Dawn too 2 years ago, fucking lizard Zuckerberg.
Who?
Twisted Pixel was one of my favorite developers before they got bought by Oculus and went VR only. That run of 'splosion Man, Comic Jumper, Gunstringer, and Lococycle was legendary.
This stinks but they knew who they were getting in bed with when they took the bag of cash.
bummer about Sanzaru. Sony should have acquired them after Sly 4 but I guess sales weren't that good for that and there was no real incentives to buy back then and the series ended on a cliffhanger. I love Sly4. something was amiss in their effort to introduce their own ideas on the IP but I still love it regardless. a 7.5/10 for me and I was excited for the sequel that never came!