Connect with us

Market

Activision Says Modern Warfare 2 Hits Record Sales Numbers

Published

on

activision blizzard

Activision says that Call of Duty Modern Warfare 2 has sold through more than $1 billion in its first ten days, a new record for the series beating out the 2012 release of Call of Duty: Black Ops 2, which clocked $1 billion in 15 days.

Furthermore, Activision claims Modern Warfare 2 is the “highest grossing entertainment opening of 2022”, according to the report.

The newest records build on Modern Warfare II’s momentum:

  • Modern Warfare II is the highest grossing entertainment opening of 2022.
  • Modern Warfare II is the #1 top selling opening in franchise history topping $800 million in sell-through following its first three days of release.
  • On November 16, the run continues with the release of Call of Duty: Warzone 2.0.

“Our developers, along with our entire Activision Blizzard team, are the backbone of our unwavering commitment to serve our hundreds of millions of players around the world. I am so proud of the extraordinary efforts from our Call of Duty teams and the records they have achieved with Modern Warfare II. Connecting the world through joy, fun and the thrill of competition is the key to our success. Modern Warfare II has provided this to millions of players faster and with greater satisfaction than ever before,” said Bobby Kotick, CEO, Activision Blizzard.

“The incredible momentum driving Modern Warfare II is a direct reflection of the energy and passion of the Call of Duty community,” said Johanna Faries, General Manager, Call of Duty. “As we look ahead to an unprecedented level of support for Modern Warfare II and Warzone 2.0’s launch next week, we are motivated to deliver again for the best player community in the world.”

Market

GameStop Continues Troubling Trend in Q3

Published

on

GameStop

GameStop continues to see a dip in sales and Q3 data shows that the company is not showing that it can climb out of the troubling spot it has been in for the last few years, according to the company’s financial report.

The numbers demonstrate the financials for the three month period that ended on October 29th, 2022.

The numbers:

  • Net sales: $1.2 billion, down 8% year-over-year
  • Net loss: $94.7 million, down 10% year-on-year
  • Hardware and accessories: $627 million, down 6% year-over-year
  • Software: $352 million, down 19% year-over-year
  • GameStop’s net loss was down 10% compared to the same period last year, but still hit $94.7 million
  • Sales decreased across the board

In an earnings call (as transcribed via Seeking Alpha), Gamestop CEO Matt Furlong stated that the company would not provide “formal guidance at this time.”

“It is worth reiterating, however, that our goal is to achieve profitability in the near term,” he said.

“I want to finish by reiterating what we’ve said in the past. We’re attempting to accomplish something unprecedented in the retail sector. We’re seeking to transform a legacy brick-and-mortar business that was on the brink of bankruptcy into a retailer that meets customers’ needs through our stores, e-commerce properties and emerging sales channels. This path carries risk and is taking time, but it is the path we are on. With that said, GameStop is a stronger business today than at any time in the recent past.”

Continue Reading

Market

Embracer Approved to Trade on Nasdaq Stockholm

Published

on

Embracer Group

Embracer Group has officially been approved to trade on Nasdaq Stockholm, which is the main market for Nordic companies, and the company’s first day of trading on the market will happen on December 22nd.

Embracer was previously trading on Nasdaq First North Growth Market, where they have been listed since November 2016 under the name THQ Nordic AB, and its last day there will be December 21.

“The rationale for the listing in 2016, and the related capital raise was, among other things, to finance growth, facilitate the possibility of using the company’s shares as a means of payment in acquisitions, and strengthen the company’s profile and brand among investors, customers and within the sector in general,” the company said in an official announcement.

“The listing of the company’s class B shares on Nasdaq Stockholm is an important step in [its] continued development and has been a long-standing ambition of the company’s board of directors and management,” it continued.

“In addition to the fact that the listing on Nasdaq Stockholm provides a quality stamp for the company, the listing is also expected to make the company’s class B shares even more attractive as a means of payment, which may facilitate future acquisition discussions. Furthermore, the listing on Nasdaq Stockholm is expected to better reflect the maturity of the company from a capital market perspective and enable more institutional investors to invest in the Company’s class B shares.”

Continue Reading

Market

Metal: Hellsinger Surpasses One Million Player Milestone

Published

on

Metal Hellsinger

Rhythm-action first-person shooter Metal: Hellsinger, which is now available on Playstation 4 and Xbox One, has surpassed the 1 million player milestone, according to an official release from Funcom.

Per the release: “Metal: Hellsinger, the award-winning rhythm shooter from developer The Outsiders and publisher Funcom, cranks the volume to max with a brand-new update. The 1.5 patch adds a new top difficulty — Archdevil — and gives players weapon skins to unlock and combos to master. Additionally, Funcom and The Outsiders are excited to announce that Metal: Hellsinger is now available on PlayStation 4 and Xbox One, making the Eight Hells more accessible than ever.”

The game boasts a 98% positive Steam score, a Golden Joystick Award for Best Audio, a Best Music and Score nomination from The Game Awards.

Continue Reading

Trending