Roblox Brand Partnerships Chief Stephanie Latham Talks Ads, Fan Hubs, User Safety and More: ‘The Shopping Lens is Endemic to Our Platform’How close gaming layoffs in 2024 are to exceeding last year’s totalBut its disclosure of a $2.9 billion loss for the first quarter of 2024, against recent guidance of just $170 million in losses at the high end, underscores how messy the path has been to get to a new period of “GTA” prosperity for the publishing group.
Pandemic-related lockdowns and new console launches in 2020 led to a surge in the overall gaming market that lasted through 2023, when semiconductor chip shortages ended and finally put next-gen consoles like PlayStation 5 and Xbox Series X/S in the hands of every gamer who wanted them. But since then, gaps between AAA releases have widened amid constant delays. of Gearbox for $460 million that will bring the “Borderlands” franchise fully under 2K, which already publishes its main titles.
This was the case for “Final Fantasy 16” in 2023, as well as “Final Fantasy 7: Rebirth” and “Foamstars” in February, all of which were second-party PlayStation exclusives that have