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News May 16

Take-Two Annual Report: Losses Reach $4.5 Billion, GTA VI Unlikely to Be Delayed Again

Take-Two Interactive shared its report for the 2025 fiscal year (April 2024 — March 2025). Its revenue increased, but significant losses were unavoidable. The company also shared new data on game sales and mentioned that another delay in GTA VI is unlikely.
Premium Industry May 16

No Rest for the Wicked Faces Challenges: Why the Early Access Model is Risky

The release of the new update for “No Rest for the Wicked,” an ambitious action RPG from Moon Studios, did not go as planned. At first glance, what seemed like a mundane situation turned out to be much deeper, highlighting global mistakes with the early access model that could serve as an example for other studios.
News May 16

The court denied the group of companies “Lesta Games” a public hearing in the case

On May 15, the Tagansky District Court in Moscow held the first hearing in the case of Malik Khatazhaev, the owner of the “Lesta Games” group of companies. A month ago, the top manager was accused of extremism. The hearing was conducted in a closed format, despite the request from the developer of “World of Tanks” and “World of Warships” for an open hearing.
News May 15

Tencent’s gaming division earned twice as much in the quarter as the entire NetEase

The Chinese giant Tencent also released its report for the first quarter of 2025. We have highlighted the main points from the document.
News May 15

Alexander Bogdanov’s new startup, Studio 42, has raised $3.6 million

The funding round was led by Play Ventures. Studio 42 also received investments from GEM Capital and Arcadia Gaming Partners.
News May 15

Gaming revenues are on the rise, and the Chinese version of “Where Winds Meet” has been played by 30 million people — key points from the NetEase report

The first three months of 2025 marked a period of revenue growth for NetEase. In its quarterly report, the Chinese company reported an increase in all key metrics and confirmed that its gaming division remains the most profitable.
News May 15

DOOM: The Dark Ages was released on Steam with 30,000 players online and very positive reviews

On the night of May 15, the full release of DOOM: The Dark Ages took place. Prior to that, for two days, only owners of the premium edition were able to play the new game. The launch figures for the shooter on Steam are promising.
News May 15

The mobile publisher Brightika announced plans to invest $3 million in indie games for PC and consoles

The mentioned amount is planned to be invested over the next 12-24 months.
News May 15

Shares of Ubisoft fell by 20% following the annual report, as the company reported losses and delays of major games

On the evening of May 14, Ubisoft shared the financial results for the fiscal year that ended on March 31, 2025. Apparently, investors were not very pleased with what they heard: by the morning of the next day, the company’s stock price had dropped by 20.6% to €9.27 per share.
Interview May 15

“The project budget is close to 10 million dollars,” said Alexey Doroshev from Yeeters Team about Bullet Yeeters

In June, a multiplayer third-person shooter Bullet Yeeters will be released on Steam. App2Top conducted a short interview with Alexey Doroshev, co-founder of Yeeters Team, to discuss how much the game cost the team and why Concord failed.
News May 15

The State Duma proposed fining developers up to 5 million rubles for anti-Russian content in games

Anatoly Vyborny, Deputy Chairman of the State Duma Committee on Security and Anti-Corruption, believes that the Russian authorities should penalize gaming companies whose projects contain anti-Russian content. He is preparing corresponding amendments to the Code of Administrative Offenses.
Premium Industry May 14

The union movement has spread across the gaming industry, but it’s far from a cure-all for the issues

The economic upheavals of recent years have not only forced top managers of gaming companies to continuously seek new ways to cut costs but have also negatively impacted regular employees. Unions are intended to protect developers’ interests, but in their current form, they are unable to make a global impact on the situation.
News May 14

Analyst: In 2024, the Steam commission brought Valve over $3 billion for the first time

Over the past 10 years, Valve’s annual income from game sales commissions on Steam has almost tripled, calculated analyst Aldora Joost van Dreunen. If in 2015 the company earned $1.1 billion from this, last year it was already $3.2 billion.
News May 14

Rumor: Hacker Stole Data of 89 Million Steam Accounts (UPDATED)

One of Steam’s partners may have fallen victim to a hacker attack, according to Underdark AI, a company specializing in cybersecurity. They noticed a database containing information about more than 89 million user accounts from the store was put up for sale online.
News May 14

In Russia, there has been a proposal to introduce a tax deduction for purchasing games in domestic stores and to actively develop game development in the regions

In the report on the study of government support for the gaming industry in Russia, APRIORI, IRI, and “EBR” not only shared survey results but also their recommendations. They are confident that a comprehensive strategy needs to be developed in the country.
News May 14

Study: 87.32% of representatives in the Russian gaming industry have never received government support

Russian gaming companies are in need of state support, but only a small number have managed to obtain it. This conclusion was reached by the specialized association APRIORI, the Institute for Internet Development (IID), and the legal company “EBR” based on the results of a survey conducted in March.
Interview May 14

“We are looking for unique projects with a clear audience,” Kupikod on their publishing initiative

In September of last year, the Kupikod platform announced plans to invest in development and publishing. Six months later, the App2Top editorial team spoke with Nikolay Borovikov, who is responsible for this direction in the company, to discuss what has been happening within this initiative.
Conferences May 14

“A power spot where participants will discuss how to make money from games,” Yulia Lebedeva on the WN Conference, which will take place in Istanbul on June 19-20

Yulia Lebedeva, partner and executive director of WN Media Group, shared her thoughts on what to expect from the event.
News May 14

Sony’s Annual Report: Increase in Gaming Division Revenue and Decline in Console Sales

Sony released its report for the fiscal year 2024, which ended on March 31, 2025. It was revealed that the gaming division was responsible for one-third of the company’s total revenue.
News May 13

Despite reaching 60 million downloads, Supercell acknowledges the initial marketing campaign for Squad Busters as a mistake

At the briefing dedicated to the relaunch of Squad Busters, the game’s key developers admitted that they were overly optimistic about it at the start.
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