Video Games Finance Cheat Sheet: Autumn 2025

The Autumn 2025 Video Games Finance Cheat Sheet provides a concise analysis of the financial performance of major publicly traded video game companies, serving as a summary for industry professionals. The report covers the second quarter of the 2026 fiscal year for most entities, highlighting a diverse range of outcomes across hardware, software, and platform segments.

Key findings reveal a strong performance from Nintendo, which saw net sales increase by 110.1% to $7.1 billion, driven by the successful launch of the Switch 2 and high engagement with Mario Kart World. Conversely, Microsoft’s gaming division faced challenges, with a 29% decline in Xbox hardware revenue contributing to a 2% overall divisional revenue drop. Roblox demonstrated significant growth, with daily active users rising 70% to 151.5 million and bookings reaching $1.92 billion, despite reporting a net loss of $257.4 million. Other notable results include Take-Two Interactive’s 33% year-on-year growth in net bookings and Capcom’s 43.9% increase in net revenue. Electronic Arts and Sony both reported complex results, with the former noting a 13% decline in bookings and the latter experiencing a 13% drop in operating income due to financial corrections related to Bungie’s Destiny 2.

The scope of the analysis is global, focusing on major industry players and their recent quarterly filings. Beyond financial data, the report notes significant industry developments, including allegations of internal corporate conflict at Krafton, labor disputes at Rockstar North, and Ubisoft’s decision to delay financial reporting. The information is synthesized from official investor relations documents and public financial disclosures, providing a snapshot of the industry's current economic health and operational trends as of November 2025.