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Take-Two's Q3 Shows Strong 'Grand Theft Auto V,' Catalog Sales
Monday, February 8, 2021 - 4:50pm | 353Read More...Video game maker Take-Two Interactive Software (NASDAQ: TTWO) reported third-quarter earnings Monday afternoon and provided guidance for the rest of the fiscal year. What Happened: Third-quarter revenue of $860.9 million for Take-Two came in ahead of street estimates of $747 million. The...
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Better Christmas Present: New Video Game Or GameStop Stock?
Friday, January 29, 2021 - 1:10pm | 417Read More...Many new video games come out during the holiday season, making them popular gifts. Not many parents, however, could have imagined that stock might have been a better present. What Happened: The video game sector saw record sales of $7.7 billion in December, up 25% year-over-year...
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Microsoft Hits New All-Time High As Q2 Cloud, Azure Business Overshadow Xbox Release
Tuesday, January 26, 2021 - 4:30pm | 263Read More...Microsoft Corporation (NASDAQ: MSFT) reported second-quarter earnings after the stock hit a new all-time high on Tuesday. What Happened: Revenue increased 17% year-over-year to $43.1 billion for Microsoft, beating street consensus estimates of $40.2 billion. Net income increased 33% year-over-year...
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Why The Best Is Yet To Come For Esports
Friday, January 22, 2021 - 9:44am | 1037Read More...2020 will go down as a banner year for esports. In terms of engagement, time spent watching esports on platforms like Amazon.com Inc (NASDAQ: AMZN)-owned Twitch rose to an all-time high last year as gamers sheltered in place. On Wall Street, investors couldn’t get enough esports...
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GameStop Shares Rally On Holiday Sales, Board Reshuffle
Monday, January 11, 2021 - 4:47pm | 380Read More...Gaming retailer GameStop Corp. (NYSE: GME) saw a rally Monday on its holiday sales and changes to the Board of Directors. Holiday Sales: The nine-week holiday season saw revenue of $1.77 billion for GameStop, down 3.1% year-over-year. Same-store sales were up 4.8% over the nine-week period coming...
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PS5 A Major Catalyst For This Small Cap Video Game Stock; Could Xbox Be Next?
Friday, January 8, 2021 - 7:45am | 679Read More...Small cap Immersion Corporation (NASDAQ: IMMR) is rising as its haptic technology could be added to a second major gaming console after its success with another. What Happened: Immersion has a royalty deal with Sony Corporation (NYSE: SNE). The deal allows the company to...
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Nintendo Executives Laughed When Microsoft Tried To Acquire Gaming Company: Report
Thursday, January 7, 2021 - 5:17pm | 551Read More...The Xbox gaming console is the subject of a Bloomberg piece titled “Xbox: The oral history and an American video game empire” that explores Microsoft Corporation's (NASDAQ: MSFT) decision to get into gaming — and some failed acquisitions. What Happened: Before...
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6 Video Games Stocks To Watch In 2021
Tuesday, January 5, 2021 - 3:31pm | 782Read More...The video game industry saw major developments in 2020 with the release of new consoles from Microsoft Corporation (NASDAQ: MSFT) and Sony Corporation (NYSE: SNE). The sector also got attention as a winner due to the number of people who were at home during the pandemic. Here’s a...
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StockX Raises $275M; The 'Stock Market Of Things' Now Valued At $2.8B
Wednesday, December 16, 2020 - 8:55am | 550Read More...StockX, the "stock market of things," raised $275 million in a new Series E funding round. What To Know: StockX raised $275 million at a valuation of $2.8 billion in a funding round led by Tiger Global. The company was valued at $1 billion in June 2019. This marks the largest VC funding...
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GameStop Reports Mixed Q3 Earnings, More Store Closures
Tuesday, December 8, 2020 - 4:35pm | 490Read More...The leading video game retailer reported third-quarter earnings after the market closed Tuesday. What Happened: GameStop Corp (NYSE: GME) reported third-quarter sales of $1 billion, which came in below consensus estimates of $1.08 billion. The company’s adjusted earnings per...
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The Street Price PlayStation 5, Xbox Series X Are Really Selling At, As Per The Verge
Monday, December 7, 2020 - 3:01am | 512Read More...PlayStation 5 and the latest Xbox consoles are fetching a premium on resale on eBay Inc (NASDAQ: EBAY), in excess of double their retail price, according to the Verge columnist Sean Hollister. What Happened: Hollister said he averaged the final sales price of a hundred PS5s — which...
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How Are PlayStation 5, Xbox Poised Before Launch?
Monday, November 2, 2020 - 2:15am | 504Read More...The biggest consoles-launch in the $145 billion gaming industry comes next week as Microsoft Corporation's (NASDAQ: MSFT) Xbox Series X and Sony Corp's (NYSE: SNE) PlayStation 5 (PS5) go on sale on Nov. 10 and Nov. 12, respectively, reports the Financial Times. Timing:...
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PlayStation 5, New Xbox Are Headwinds For GameStop: BofA
Monday, October 26, 2020 - 1:11pm | 476Read More...GameStop shares have are up 219% in the last six months, but one analyst thinks the gains will be short-lived. The GameStop Analyst: BofA Securities analyst Curtis Nagle reiterated an Underperform rating on GameStop Corp (NYSE: GME) with a $1.60 price target. The GameStop Takeaways: NThe...
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GameStop Shares Surge On Microsoft Partnership
Thursday, October 8, 2020 - 2:46pm | 376Read More...GameStop Corp (NYSE: GME) announced a new multi-year partnership with Microsoft Corporation (NASDAQ: MSFT). What Happened: The deal will include GameStop using back-end and in-store solutions from Microsoft to help with finance, inventory, e-commerce, retail and point-of-sale. The partnership will...
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Console Wars Heat Up With PlayStation 5 Price And Games Reveal
Wednesday, September 16, 2020 - 5:21pm | 709Read More...Sony Corporation (NYSE: SNE) shared a look at its upcoming PlayStation 5 console and games with a presentation Wednesday. Console Wars: Sony unveiled its PlayStation 5 will cost $499.99 and the PlayStation 5 Digital Edition will cost $399.99. Microsoft Corporation (NASDAQ: MSFT) had previously...
