Tuesday, February 7, 2023

Nintendo cuts its full-year earnings and revenue outlook, including operating income from ~$3.8B to ~$3.6B, and revises Switch sales forecasts from ~19M to ~18M (Bloomberg)

Bloomberg:
Nintendo cuts its full-year earnings and revenue outlook, including operating income from ~$3.8B to ~$3.6B, and revises Switch sales forecasts from ~19M to ~18M  —  Nintendo Co. cut its full-year earnings and revenue outlook, underscoring uncertainty around its aging Switch console and the global gaming environment.



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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...