Sarah E. Needleman

Electronic Arts forecast a potential record in net bookings for the current quarter, citing the strong launch of its new college-football videogame earlier this month. The game is a reboot of an older one that EA canceled in 2013 and a key difference is it features the likeness of more than 11,000 real student athletes. “We are building guidance on the back and strength of the initial start of college football,” EA’s finance chief, Stuart Canfield, said in an interview.

Roblox reported quarterly results that beat analysts’ expectations and raised its full-year outlook, citing efficiencies achieved in part with new artificial-intelligence tools. On an earnings call with analysts, Roblox said its finance chief, Mike Guthrie, is stepping down after about six years on the job. Benchmark analyst Mike Hickey said the announcement may not have boded well with investors.

Take-Two Interactive Software posted higher revenue and a wider loss for its latest quarter, attributing the latter to heavy spending on marketing new mobile games. Take-Two said the June quarter’s profit reflected more spending on marketing for the release of several new mobile titles from the company’s Zynga studio, which it acquired in 2022 for $11 billion. For the current quarter, the Grand Theft Auto-maker forecast adjusted earnings below Wall Street expectations.

Take-Two Interactive Software posted higher quarterly revenue and a wider loss, attributing the latter to heavy spending on marketing new mobile games. The "Grand Theft Auto" maker's results mostly came in ahead of expectations.

Downsizing has become rampant in an industry where many turned their passion into employment.

This isn't the first time Sony and Microsoft have launched mid-generation refreshes of their consoles. Microsoft doesn't disclose Xbox sales, but game-industry analysts say its machines aren't nearly as popular. Meanwhile, Nintendo in May said it will announce a successor to its seven-year-old Switch videogame console by the end of March, after guiding for a significant profit drop this fiscal year on weaker device and game sales.

The terminations mark the latest round of job cuts for game employees since the software giant’s purchase of Activision Blizzard.

The terminations mark the latest round of job cuts for game employees since the software giant's purchase of Activision Blizzard.

Tim Cadogan turns to a trusted group of advisers to discuss dealmaking, motivating employees and navigating fraught political waters. One bit of advice that’s stuck: ‘Pour gas on the things that work.’

The “Fortnite” maker claims the tech giants colluded to place onerous restrictions on app stores created after Google lost an antitrust case.