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  • Devolver met financial goals in 2023, expects 'rebuild' era for 2024

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    Devolver Digital released its financials for the 2023-2024 fiscal year, and for the most part, things went well for the indie publisher.

    After a slower first half of the year, the second half made a “strong” recovery. While its $92 million revenue was down 31 percent from the previous year, it remained in line with the company’s general expectations.

    The positive outlook was attributed to restructuring earlier that year (and in 2022’s back half), such as changes made at subsidiary Good Shepard. Credit also went to late 2023 releases like Wizard with a Gun and Talos Principle 2, which did “well.”

    Even with 11 game launches last year, Devolver’s back catalog accounted for 83 percent of total revenue (up 25 percent), which it called “unusually high.” Cult of the Lamb was the big driver, having exceeded expectations and still “maintaining good momentum.”

    Similar praise was given to Inscryption. However, the developer noted subscription deals on consoles may have eaten into sales of some older games, which made up 16 percent of revenue compared to 2022’s 23 percent.

    Those deals were more fruitful for the Weird West publisher in 2021 and 2022. For 2023, Devolver turned several deals it claimed “undervalued the proposed games’ value.”

    That said, the studio reaffirmed subscriptions are part of its long-term plans, even as it predicts lower revenue from that area over the next several years.

    Devolver is looking to its oldies and 2024 games to get through the year

    All-in-all, Devolver managed to make 2023 a successful “rebirth year.” Looking ahead, Miller said the company will double down on its strengths and “deliver a strong pipeline of fun and creative new titles.”

    Last October, Devolver snatched up Astroneer studio System Era. That acquisition is “performing well,” Miller added, and will allow it to develop “expandable games” with the studio in the future.

    Along with this year’s titles like Children of the Sun and Pepper Grinder, he put further faith in Devolver’s older games. He thinks Cult and Inscryption should help offset lower revenue from subscription deals, and spur back catalog titles to grow in sales.

    Even with one of its games already pushed out of the 2024-2025 period, Devolver is hoping to “return to profitable growth” throughout the fiscal year.



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    Originally posted 2024-04-18 23:26:34.

  • Helldivers 2 leads strong month for European game sales in February | VGC

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    Helldivers 2 was February’s best-selling game in Europe following an impressive launch.

    That’s according to GSD data published on GamesIndustry.biz, which covers physical game sales from major European markets and digital sales from most leading publishers, excluding Nintendo and 505 Games.

    The data also doesn’t include Palworld, which has been a smash hit following its release in January. If it did, GI.biz suggests more games might have been sold last month than in February 2023, which included the blockbuster release of Hogwarts Legacy.

    The PC version of Helldivers 2 accounted for 56% of the game’s sales last month, with the remainder coming on PS5.

    While sales of most titles drop off following their launch week, the Sony-published shooter has bucked the trend, with sales in Europe growing in its second and third weeks of availability.

    EA Sports FC 24 was at No.2 on February’s chart, ahead of the next highest new entry, Final Fantasy 7 Rebirth.

    Skull and Bones also debuted at No.9, Suicide Squad: Kill The Justice League entered at No.12, Mario vs Donkey Kong came in at No.15, and Pacific Drive charted at No.18.

    Helldivers 2 leads strong month for European game sales in February

    On the hardware front, PS5 continued to lead sales across European markets tracked by GSD, which exclude the UK and Germany.

    Sales of the three main console platforms declined compared to last February, with PS5 down 2%, Switch down 17% and Xbox Series X/S down 47%.

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    Originally posted 2024-03-18 23:13:46.

  • Rare says Sea of Thieves has reached 40 million players ahead of PS5 release | VGC

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    Sea of Thieves has now been played by over 40 million people, according to developer Rare.

    The Microsoft-owned studio announced the new player milestone on Wednesday, ahead of the launch of Season 12 and the game’s PS5 release on April 30.

    The pirate-themed co-op multiplayer game was originally released for Xbox One and PC in March 2018, when it became the first exclusive title from Microsoft to launch on Xbox Game Pass day-and-date with its retail release.

    Microsoft said in July 2020 that Sea of Thieves had been played by over 15 million people, cementing its place as Xbox’s “most successful new IP” of the last console generation.

    “40 million players across Xbox, Windows 10 and Steam is an amazing milestone to be able to talk about, and of course it wouldn’t have happened without you – our brilliant, positive and welcoming community, who continue to surprise and impress us with your creativity and antics out on the waves,” said Joe Neate, executive producer at Rare on Sea of Thieves.

    “That said, I also want to take this opportunity to offer heartfelt thanks to the team, who’ve worked so hard to deliver over a hundred free updates since launch and have plenty more excitement and innovation on the horizon. Season 12 is almost here, and the new additions like throwing knives and the Bone Caller are going to transform our sandbox yet again.

    “I’m also excited about getting to expand our community even further, as we’re just days away from launching on PlayStation 5 and introducing a whole new plethora of pirates to our shared world,” he continued. “The positivity and excitement coming out of our Closed Beta was infectious, and I can’t wait for even more fresh faces to arrive starting next week.”

    In February, Microsoft delivered an Xbox business update which confirmed reports that it’s planning to bring more first-party games to PlayStation and/or Nintendo Switch, in the form of Pentiment, Hi-Fi Rush, Sea of Thieves and Grounded.

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    Originally posted 2024-04-17 22:29:16.

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