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FINANCIALS

NetEase Announces Second Quarter 2023

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NetEase, Inc. announced its unaudited financial results for the second quarter ended June 30, 2023. The company reported net revenues of RMB24.0 billion (US$3.3 billion) for the quarter, marking a 3.7% increase from the same period in 2022. Notable financial highlights include: Net revenues from games and related value-added services reached RMB18.8 billion (US$2.6 billion), […]
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FINANCIALS

Super League Announces Proposed Underwritten Public Offering

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In a strategic move, Prytania Media has announced the establishment of two new gaming studios under its umbrella, marking a significant expansion in their creative endeavors. While the company has previously introduced studios like Possibility Space and Crop Circle Games, tangible output from these entities remains limited. The freshly introduced studios, namely Fang & Claw […]
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FINANCIALS

Unity Financial Results – Q2 2023

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Unity had a strong second quarter, with revenue and adjusted EBITDA exceeding guidance. Revenue of $533 million compares to guidance of $510 to $520 million and represents +80% year-over-year growth, +11% year-over-year on a pro-forma basis. GAAP net loss was $193 million and adjusted EBITDA was $99 million, an improvement of $136 million year-over-year. This […]
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FINANCIALS

Electronic Arts Reports Q1 FY24

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“EA delivered a record Q1, driven by strong momentum in EA SPORTS global football and Star Wars Jedi: Survivor,” said Andrew Wilson, CEO of EA. “Our exceptional teams are creating innovative entertainment experiences across our multi-year pipeline, starting with the highly anticipated, culture defining titles Madden NFL 24 and EA SPORTS FC 24.” “We had […]
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