Tag:

Online Games

Tencent Subsidiary Riot Games Announces Global Workforce Reductions

Tencent Holdings’ subsidiary Riot Games revealed plans to undertake significant workforce reductions, affecting approximately 11 percent of its global staff, totaling 530 employees. The...

Dream11 Reports Revenue of Rs 6,384 crore, Showing Impressive Financial Performance

Dream11, a leading online fantasy sports platform, has disclosed its financial results for the fiscal year 2023, showcasing a significant surge in both revenue...

Gaming major Embracer Group Reports 13% Growth in Sales but Faces Profit Drop

Swedish gaming giant Embracer Group disclosed its financial performance for July-September 2023, exhibiting a 13 percent rise in overall sales to SEK 10,831 million,...

Global Game Subscriptions Market Set to Reach $22 bn by 2027, Says Omdia Research

The game subscriptions market is projecting to surpass $22 billion in revenue by 2027. This represents a substantial 11.6 percent of the total global...

EA Launches FC 24 Soccer Video Game, Aims to Overcome FIFA Split and Industry Challenges

Electronic Arts (EA) has unveiled “FC 24,” its inaugural soccer video game without the FIFA branding, in a strategic move to sustain the momentum...

Epic Games Reveals Job Cut and Strategic Changes to Focus on Core Business

Epic Games, the creator of the popular Fortnite online gaming platform, is set to undergo significant organizational changes, including layoffs affecting approximately 16 percent...

Candy Crush Saga Surpasses $20 bn in Revenue, Sets Sights on 15,000 New Levels

Candy Crush Saga, the popular matching game, has hit a remarkable milestone, accumulating a staggering $20 billion in revenue since its debut in 2012,...

Unity Reverses Controversial “Runtime Fee” Pricing Policy Following Developer Backlash

In response to significant backlash from the gaming development community and a notable decline in its share price, Unity, a leading video-game software maker,...