[Last week in games] Bungie Lays Off Over 200 Employees, Q2 mobile app spending hits a new record of $36.2 billion, and more!

Aug 04, 2024

INDUSTRY NEWS

Mobile Gaming After the Digital Markets Act (deconstructoroffun.com)
M&A is on the rise for the third quarter in a row (pocketgamer.biz)
Inside Apple Arcade (again): late payments, stonewalled studios, terrible tech support and Vision Pro woes (mobilegamer.biz)
Game job layoff forecast is getting better, with job cuts slowing dramatically in July (venturebeat.com)

dotplay raises $1 million funding to transform mobile game distribution (pocketgamer.biz)
Capcom games sales down 44% during Q1 FY25 (gamesindustry.biz)
Dotplay raises $1M for web-based mobile game tech platform (venturebeat.com)
NCsoft invests $3.5m in Moon Rover Games (gamesindustry.biz)
Movement Labs gets $160M commitment for blockchain mainnet (venturebeat.com)
GiantX acquires League of Legends AI coaching app maker iTero Gaming (pocketgamer.biz)
Microsoft reports Xbox's revenue is up 61% in Q4 FY24 thanks to Activision (venturebeat.com)
AppMagic’s CEO on raising $3m, market intelligence price wars, and ad revenue estimates (pocketgamer.biz)
AMD's Q2 revenue grows 9% to $5.8B, beating analyst expectations (venturebeat.com)
EA's $1.262 billion in net bookings exceeds investor expectations (venturebeat.com)
Xbox console sales continue to crater with massive 42% revenue drop (arstechnica.com)
Microsoft made $88 billion profit in FY2024 thanks to Activision Blizzard boost (pocketgamer.biz)
Roblox reports strong Q2 2024 as CFO steps down (gamesindustry.biz)
2weeks raises $1.25m in pre-seed funding (gamesindustry.biz)
Meta records loss of $4.5bn in Reality Labs during Q2 (gamesindustry.biz)
Saudi Arabia leads MENA in VC investments and games market growth in 2024 (pocketgamer.biz)

Game M&A was up in Q2 while private game investments focus on early stage (venturebeat.com)
Squad Busters takings pass $50 million, but how does it compare to Supercell’s greatest hits? (pocketgamer.biz)
The Pokémon Company caught $10.8 billion from merch and licenced goods last year (pocketgamer.biz)
Over 90% of Call of Duty players play less without skills-based matchmaking (gamesindustry.biz)
Q2 mobile app spending hits a new record of $36.2 billion (pocketgamer.biz)
Japan and Korea's 97 million gamers drive growth for multi-platform games (pocketgamer.biz)
Niko Partners: East Asia games market generated $30.1bn in 2023 (gamesindustry.biz)
German mobile gamers spent €2.9 billion in 2023, 98% via in-app purchases (pocketgamer.biz)
RPGs overthrown by strategy genre as new consumer spending king (pocketgamer.biz)
EA Sports College Football draws over 5 million players at debut (venturebeat.com)
Whiteout Survival races past $1 billion revenue (pocketgamer.biz)
Data digest: FC Mobile, Monopoly Go and Squad Busters hit milestones, DnF Mobile dominates, H1 2024 stats, more (mobilegamer.biz)
Meta Q2 2024 earnings: average price per ad up 10%, strong Q3 guidance (mobiledevmemo.com)
Atelier Resleriana adventures past $50 million via the power of fan-favourites (pocketgamer.biz)

Harry Potter: Quidditch Champions Gets First Gameplay Trailer, Will Launch On PlayStation Plus (gameinformer.com)
Heroes of History is InnoGames' upcoming time-trotting strategy game, pre-registrations now open (pocketgamer.com)
Pictoquest comes to iOS and Android courtesy of Crunchyroll (pocketgamer.com)
‘Children of Morta’ Is Coming to iOS and Android on October 7th From Playdigious With Discounted Pre-Orders Now Live (toucharcade.com)
Superliminal is a mind-bending dreamlike puzzler, out now for iOS and Android (pocketgamer.com)
Kings of the Castle breaks out from Apple Arcade and hits iOS proper (pocketgamer.com)
Cosmic Bomber is like Bomberman multiplayer meets Web3 (venturebeat.com)
Sword of Convallaria lets you relive the glory days of fantasy tactical JRPGs, out now on iOS and Android (pocketgamer.com)

My.Games sells off its DonationAlerts and Boosty platforms (gamesindustry.biz)
Lively Studio undergoes layoffs for the sake of "long-term health" (pocketgamer.biz)
Honor of Kings Invitational Midseason event to kick off with a $3 million prize pool (pocketgamer.biz)
Indie studio opens up to share canceled Magic School project (theverge.com)
CCP Games expands Project Discovery to cancer research (venturebeat.com)
Bungie Lays Off Over 200 Employees, Announces Plans For Deeper Integration With Sony (gameinformer.com)
Project Rise could be Supercell’s first cross-platform game (mobilegamer.biz)
Ex-Unity and Scopely developers launch new studio, Outer Haven Games (pocketgamer.biz)
Electronic Arts: "FC Mobile is the blueprint for our mobile strategy" (pocketgamer.biz)