Hiku said:
This might be referring to Steam, but I wouldn't be surprised if it's an Epic Games Store deal starting May 29, and Steam is 1 year away.
I don't know how SE are doing. But they've taken several big, even massive financial L's in recent years. But of course they've done well with other games, so it's probably mostly positive, unless Avengers cost them too much. |
Overall SE is in a very good (if tad odd) position, but with some quite public failures. 2021 marked their highest net income report in 20 years, and then 2022 nearly doubled it. 2023 sustained the huge increase but with a slight decrease. That's essentially the story. Their stock has performed well over the last decade but has flattened in the last few years. This aligns with a company investors believed would see significant growth, which it did, and then levelled off at that new peak.
I think SE's failings are a frequent topic of discussion is linked to their success. The company, profit-wise, is doing very well. And it seems they're reinvesting some of that profit into higher risk projects. When those succeed, it's business as usual. When they fail, it becomes a big talking point.
This situation can't continue forever, but for now, SE is being subsidized by a few massively profitable successes (e.g., FF14), and they're leveraging those profits to discover the next big thing. That entails many failures, and hopefully, the actual "next." Their FY24/25 reports will reveal a lot about their current direction.
