Konami Q1 2022 earnings results delay full-year guidance due to COVID-19 issues shacknews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from shacknews.com Daily Mail and Mail on Sunday newspapers.
Konami has released its latest full-year financial report and once again, the company s revenue is led by its digital entertainment arm, with steady profits stemming from various mobile titles.
Total revenue for fiscal year ending March 31, 2021 was ¥272,656 billion ($2.48 billion), a 3.7% increase on last year s figure. Operating profits came in at ¥36,550 billion ($333 million), an 18% increase year-over-year.
Konami s profit is carried by digital entertainment, with ¥204,185 billion ($1.86 billion) of total revenue generated from this segment. That s a 33% increase from the previous year s figure of ¥153,395 billion ($1.4 billion).
Mobile titles continued to be a top source of revenue, with titles such as the mobile version of eFootball PES 2021 and Yu-Gi-Oh! Duel Links leading the way internationally.
Tencent s Honor of Kings, PUBG Mobile top-grossing mobile games in January
The game revenue estimates were released by Sensor Tower s Store Intelligence platform
BusinessToday.In | February 19, 2021 | Updated 15:30 IST
Representational Image (Photo-Reuters)
Honor of Kings became the top-grossing mobile game worldwide for January 2021 with $267.3 million in player spending. The Tencent game generated approximately 97% revenue from China and 1% from Thailand.
Honor of Kings registered a growth of 22% compared to January 2020. The second-highest grosser PUBG Mobile, also from the Tencent family, earned more than $259 million in gross revenue. Approximately 60 percent of PUBG Mobile s revenue was from China and its localised version of the title, Game For Peace, followed by 9.8 percent from the United States
Tencent s Honor of Kings, PUBG Mobile top-grossing mobile games in January businesstoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstoday.in Daily Mail and Mail on Sunday newspapers.
Mobile titles and domestic releases are driving revenue at Konami
Revenue and profits have increased in Konami s Digital Entertainment division, which houses its video game operations.
As noted in the company s fiscal report for the nine months ended December 30, 2020, revenue rose by 33.1 percent year-on-year to 144.6 billion yen ($1.37 billion), while operating profit increased by 75.3 percent to 50.9 billion yen ($482.5 million) over the same period.
Konami said that upswing was driven by mobile titles like
eFootball Winning Eleven 2021 (better known as
eFootball PES 2021 in the west) and Yu-Gi-Oh! Duel Links. Professional Baseball Spirits A and
Jikkyou Pawafuru Puroyakyu, and specifically commended Switch title