Angry Birds maker Rovio predicts bumper 2019 despite halved profits February 14, 2019 The maker of the mobile game Angry Birds said its profit halved over the most recent quarter, but expected a brighter future as the year goes on. Rovio reported adjusted profit of €5.3m (£4.7m) for the three months to the end of December, down from €10.5m in the same quarter a year earlier. This was despite [...]
It’s Valentine’s Day – here’s what to do when your romantic and professional lives collide February 14, 2019 If you date anyone in your industry, make sure you’re prepared to marry them. The stakes are just naturally so much higher when you decide to work with your partner – or date your colleague. In one fell swoop, you can tear up your relationship and professional status, divide a workplace into rival factions, and have [...]
Clash of Clans maker Supercell reports second consecutive year of falling profits February 12, 2019 Mobile gaming firm Supercell has posted falling sales and profits for a second year running, reporting a 26 per cent drop in income as its bestselling titles fail to age gracefully. The Finnish firm, which was the brains behind viral iPhone games Clash of Clans and Clash Royale, was last valued at $10bn (£7.8bn) in 2016 [...]
Nvidia slashes its fourth quarter guidance, sending its shares into a downward spiral January 28, 2019 Chipmaker Nvidia has cut its fourth quarter revenue estimate by $500m (£379.7m) after its performance in China slowed, causing its share price to spiral down more than 18 per cent. Chief executive Jensen Huang said the firm had suffered an "extraordinarily, unusually turbulent and disappointing quarter", as Nvidia forecasted revenue of $2.2bn for the quarter ending in [...]
Dixons Carphone enjoys gaming boost but signals more trouble in mobile market January 22, 2019 Dixons Carphone retained its full-year profit guidance this morning as a surge in gaming and super-size TV sales over the crucial Christmas trading period helped counter a persistent slump in demand for postpaid mobile phones. Buoyed by foreign demand from markets such as Sweden, Denmark and Greece, the FTSE 250 kept its profit guidance of roughly [...]
Chinese tech firm Tencent is considering a bid for Nexon’s holding company January 19, 2019 Chinese tech firm Tencent is weighing up a bid for the holding company that controls South Korean gaming company Nexon. Tencent is looking to enlist co-investors as it considers making a move to acquire the company, according to Reuters. Private equity firms are looking at options for a potential deal, including taking the company private. [...]
Pokemon Go creator Niantic valued at $4bn after latest fundraise January 16, 2019 Niantic, the company behind the popular mobile game Pokemon Go, has been valued at nearly $4bn (£3.1bn) after raising $245m in a new round of financing. The series C funding round was led by IVP, which has previously backed the likes of Uber, Netflix, Dropbox and Slack. Additional investment came from Axiomatic Gaming, Battery Ventures, Causeway Media Partners, CRV [...]
Mike Ashley’s high street gamble raises more questions than it answers December 13, 2018 Ten years ago in a Mayfair casino Mike Ashley made £1.3m on a single spin of the roulette wheel. His betting exploits, like those of fellow retail mogul Sir Philip Green, have highlighted the brash billionaire’s propensity to take risks. But over the course of 2018 Ashley has been making another type of gamble, not [...]
888 targets US expansion as it buys All American Poker Network from joint venture partner Avenue OLG Entertainment for $28m December 11, 2018 Online gambling company 888 has bought out the remaining half of All American Poker Network (AAPN) for $28m (£22.26m), it announced today. 888 acquired 53 per cent of the US gaming site from its joint venture partner Avenue OLG Entertainment and other minority shareholders. The deal will allow London-listed 888 to strengthen its position in the US [...]
Own, loan, or Drover: How the subscription economy is shaking up the car industry December 7, 2018 Felix Leuschner looks far too young to have founded three successful businesses. This German-born entrepreneur was just 23 when he launched what became Europe’s largest marketplace for gaming goods, where players could trade virtual products. After selling that company just nine months later, he moved to London and started a fast-fashion website called Stylistpick, collaborating with [...]