Wednesday, February 13, 2019

Activision Blizzard announces record $1.8B net income in 2018, but says it is laying off 8%, or ~800 of its staff, amid internal changes and unmet expectations (Michael Futter/Variety)

Michael Futter / Variety:
Activision Blizzard announces record $1.8B net income in 2018, but says it is laying off 8%, or ~800 of its staff, amid internal changes and unmet expectations  —  UPDATED: Activision Blizzard is laying off approximately 775 people — 8% of its 9,600-person staff — as it refocuses its efforts …



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Chinese video game giant NetEase reports Q4 revenue up 3% YoY to ~$4B and net profit down 29% to ~$903M, below ~$1.2B est., as it pushes self-developed games (Sherry Qin/Wall Street Journal)

Sherry Qin / Wall Street Journal : Chinese video game giant NetEase reports Q4 revenue up 3% YoY to ~$4B and net profit down 29% to ~$903...