Business
Earnings, breakup analysis, ad-spend trends and the financial structure underneath the games we cover.
Embracer Group’s Q1 Results — The Breakup Is Finally Paying Off
Coffee Stain at €310M revenue with real margins, Asmodee compounding, Fellowship back to positive EBIT — the Embracer breakup is finally paying off.
EA’s Earnings Call — Single-Player Games Are the Surprise
$1.4B non-live-service revenue, up 67% YoY, with a 15% dev-spend reallocation toward single-player — EA is quietly pivoting back.
Microsoft Gaming Q1 — Game Pass Numbers and What They Signal
38M Game Pass subscribers, $11.40 ARPU, $5.2B ARR — Microsoft Gaming’s Q1 numbers signal Game Pass is back to growth post-Activision.
Crypto Miner Earnings Post-Halving — The Real Survivors
Marathon profitable on grid services, CleanSpark winning on power contracts, Riot still break-even — the post-halving Bitcoin miner survivors are clear.
Ad Spend Across Gaming Media in 2026 — Down Again
Endemic spend up 4%, non-endemic down 11% — gaming-media ad spend’s three-year compression continues, but the mix is shifting.