![]() This quarterly report represents an earnings surprise of 3.41%. These figures are adjusted for non-recurring items. This compares to earnings of $0.47 per share a year ago. As some other companies saw declines, NetEase generated double-digit revenue and profit growth last quarter, driven by online game sales.Inphi (IPHI) came out with quarterly earnings of $0.91 per share, beating the Zacks Consensus Estimate of $0.88 per share. It’s also been operating locally in a more constrained environment for releases, though will benefit from the government’s easing restrictions. And although it’s after the latest quarter’s close, it brought Blizzard’s Diablo Immortal mobile title to China just this week, a game that exceeded 20 million downloads before even entering this massive market. Battle royale slasher Naraka: Bladepoint launched in late June. It’s also partnered with the likes of Warner Bros, Microsoft and Blizzard on experiences targeting audiences around the globe. studio in Jackalope Games along with a development team called Jar of Sparks out of Seattle. The massive Chinese is making key moves lately, notably expanding into the West by creating its first U.S. Mobile publisher and internet tech giant NetEase hasn’t reported a specific date yet, though it will announce 2nd quarter of fiscal 2022 release around the middle of next month. ![]() Not to mention, the company isn’t profitable right now so this is an important time from a financial standpoint as well. As part of the interview circuit alongside this deal announcement, CEO John Riccitiello had some choice words for developers making games without also considering how to monetize, calling them “f***ing idiots.” He has since apologized, of course, but the original sentiment expressed by the person who runs this company is likely to cause hesitation among those creators using Unity as a platform after the merger occurs. This deal values ironSource, which has an infamous reputation for software with a history of being flagged as malware, at $4.4 billion. Then its biggest deal is a controversial one in that it’s merging with digital app monetization company ironSource as announced two weeks back. Last year alone, it purchased Parsec and Weta Digital. It’s been very active in the merger and acquisition department for a while now. Gaming engine maker Unity reports fiscal 2022 second quarter results in early August, and has been in the news a lot lately. Unity Software Inc (U): Tuesday, August 9th Which would signal some resilience in consumer buying in what might already be a recession for certain economics, including the United States. I’m usually upbeat that Apple will report better-than-expected profitability, and that’s no different this time around. It still sounds like demand for its main products are keeping up, plus other areas like services will boost contributions. Executives told the market last quarter to expect anywhere between a $4 billion to $8 billion hit on revenue due to supply challenges and China lock-downs. Analysts expect upwards of $82 billion in quarterly revenue, an increase from $81.4 billion, however earnings-per-share could decline from $1.30 to $1.16. This is a major moment to see how much inflation has affected buying and upgrading of Apple products, namely its flagship iPhone line. The world’s largest consumer electronics company is always a barometer for spending habits, and it reports third quarter fiscal 2022 results this week. Note that for international firms, days are displayed in local time zones based on investor relations announcements. I’ve also quickly highlighted three companies to watch in this current environment. For now, see the above image or the Google Sheets link below for a rundown of earnings dates for 100 companies. ![]() Going forward, I’ll have some articles up the next couple weeks summarizing results for select companies in these sectors. Though a general movement towards subscriptions and ongoing content will soften the blow of weaker product sales and supply constraints. The past couple years brought substantial growth in these spaces and it’s time for mean reversion to take over. I expect to see mixed results and significant headwinds, especially among those companies with focused revenue streams. It’s going to be an eventful one for gaming, media and technology as consumer spending habits are shifting lately in light of rampant inflation and higher interest rates. Personally, I’d add checking out the latest calendar here because the latest earnings season is underway!Īs long-time fans of the site know, every quarter companies gear up to report their latest results and host conference calls with analysts. ![]() Well, it’s probably being in the shade, staying hydrated, sitting in front of a fan or pumping up that air conditioner. What’s the best way to cool off when global warming has you melting?
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