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Pixelworks Announces Preliminary Third Quarter 2023 Revenue Results and Initial Outlook for Fourth Quarter

Retrieved on:

Wednesday, October 4, 2023

Growth, PXLW, NetEase, Video game, Pixelworks

PORTLAND, Ore., Oct. 4, 2023 /PRNewswire/ -- Pixelworks, Inc. (NASDAQ: PXLW), a leading provider of innovative video and display processing solutions, today announced preliminary revenue results for the third quarter ended September 30, 2023. Consolidated revenue for the third quarter is expected to increase 18% sequentially to approximately $16 million, driven by record mobile revenue.

Key Points:

PORTLAND, Ore., Oct. 4, 2023 /PRNewswire/ -- Pixelworks, Inc. (NASDAQ: PXLW), a leading provider of innovative video and display processing solutions, today announced preliminary revenue results for the third quarter ended September 30, 2023.
Consolidated revenue for the third quarter is expected to increase 18% sequentially to approximately $16 million, driven by record mobile revenue.
As a result, our bookings to-date fully support continued sequential growth in mobile with total revenue for the fourth quarter expected to be at least $19 million."
Pixelworks will report its complete financial results for the third quarter 2023 as part of the Company's quarterly earnings conference call, which is expected to be held in early November.

Anna Xu at SuperReturn 2023: HIKE Capital Invests in Visionary Founders to Pioneer Future Innovation

Retrieved on:

Monday, September 25, 2023

As a Founders Fund, HIKE Capital's core strategy prioritizes the continual exploration of world-class startups and strategic investments, particularly during technological waves.

Key Points:

As a Founders Fund, HIKE Capital's core strategy prioritizes the continual exploration of world-class startups and strategic investments, particularly during technological waves.
Leveraging extensive experience and a mature methodology, HIKE Capital stands ready to assist more enterprises to achieve long-term success.
HIKE Capital is dedicated to supporting entrepreneurs and driving paradigm shifts in the early stages of their businesses.
With a team of experienced venture partners, HIKE Capital helps founders overcome growth barriers and connect with essential resources.

Anna Xu at SuperReturn 2023: HIKE Capital Invests in Visionary Founders to Pioneer Future Innovation

Retrieved on:

Monday, September 25, 2023

As a Founders Fund, HIKE Capital's core strategy prioritizes the continual exploration of world-class startups and strategic investments, particularly during technological waves.

Key Points:

As a Founders Fund, HIKE Capital's core strategy prioritizes the continual exploration of world-class startups and strategic investments, particularly during technological waves.
Leveraging extensive experience and a mature methodology, HIKE Capital stands ready to assist more enterprises to achieve long-term success.
HIKE Capital is dedicated to supporting entrepreneurs and driving paradigm shifts in the early stages of their businesses.
With a team of experienced venture partners, HIKE Capital helps founders overcome growth barriers and connect with essential resources.

Pixelworks Visual Display Technology Brings Entirely New Visual Experience to NetEase's "Revelation Mobile"

Retrieved on:

Thursday, September 21, 2023

Cloud, Heart, Partnership, Freedom, Senior, RPG, PXLW, IP, Suddenly (Caribou album), NetEase, Immersion, Growth, SDK, Render, Video game, Android, Pixelworks, Revelation

SHANGHAI, Sept. 21, 2023 /PRNewswire/ -- Pixelworks, Inc. (NASDAQ: PXLW), a leading provider of visual processing solutions, today announced that it has partnered with a flagship game IP, Revelation, developed by the Thunderfire Business Group, a game studio of the world's leading game developer, NetEase Games, and provided visual processing solutions to optimize the display quality of the mobile version of the game. The Revelation Mobile integrates Pixelworks' Rendering Accelerator SDK to significantly enhance the visual quality for mobile gaming. Coupled with a Pixelworks X7 visual processor, the Rendering Accelerator works as a bridge, delivering an exceptional 120fps visual experience on mobile devices with low power consumption, enabling a more immersive gaming experience for mobile gamers.

Key Points:

The Revelation Mobile integrates Pixelworks' Rendering Accelerator SDK to significantly enhance the visual quality for mobile gaming.
Coupled with a Pixelworks X7 visual processor, the Rendering Accelerator works as a bridge, delivering an exceptional 120fps visual experience on mobile devices with low power consumption, enabling a more immersive gaming experience for mobile gamers.
High frame rate graphical output and efficient power management are critical to maximize mobile gamers' immersion in the visual aesthetics and enjoy a high-quality visual experience with ultra smoothness.
We are honored to have Pixelworks' visual optimization solutions integrated into Revelation Mobile to deliver an exceptional 120fps visual experience on mobile devices, and thus help take the picture quality of mobile games to a new level.

Strategy Game Experts GamePhilos Raise $8M Seed Funding Round, Led by Web3 Leaders Xterio and Animoca

Retrieved on:

Monday, September 11, 2023

MMO and strategy game experts GamePhilos Studio has raised $8 million in seed funding from Xterio Ltd., Animoca Ventures, SevenX Ventures and Chain Hill Capital, with participation from Hashkey Capital, Sanctor Capital, Game7, Bas1s, GSR Markets and GSG Ventures.

Key Points:

MMO and strategy game experts GamePhilos Studio has raised $8 million in seed funding from Xterio Ltd., Animoca Ventures, SevenX Ventures and Chain Hill Capital, with participation from Hashkey Capital, Sanctor Capital, Game7, Bas1s, GSR Markets and GSG Ventures.
“We are thrilled to be partnering with such a proven team of expert strategy game developers, most of whom yield from FunPlus, and have led multi-billion dollar properties,” said Jeremy Horn, COO, Xterio.
GamePhilos intends to position itself as the leader in web3 strategy gaming for experienced strategists and those looking for a new challenge.
The title will leverage the Xterio Foundation platform, specializing in free-to-play games with meaningful web3 integrations.

NetEase Games Held the "2023 Games Unbounded" Conference in Cologne, Germany

Retrieved on:

Monday, August 28, 2023

Business, Architecture, Conference, NetEase, Element, Video game

COLOGNE, Germany, Aug. 28, 2023 /PRNewswire/ -- The "2023 Games Unbounded" NetEase Games Conference was held in Koelnmesse, Cologne on August 23rd.

Key Points:

COLOGNE, Germany, Aug. 28, 2023 /PRNewswire/ -- The "2023 Games Unbounded" NetEase Games Conference was held in Koelnmesse, Cologne on August 23rd.
As a leading global developer and publisher with multiple local studios, NetEase Games continues to embrace brilliant game creators both in China and around the world.
NetEase Games has empowered several game developers to create titles with traditional cultural background settings and elements.
The producer further revealed the game's co-testing schedule with the developers in Montreal, Canada in September.

NetEase Games Held the "2023 Games Unbounded" Conference in Cologne, Germany

Retrieved on:

Monday, August 28, 2023

Business, Architecture, Conference, NetEase, Element, Video game

COLOGNE, Germany, Aug. 27, 2023 /PRNewswire/ -- The "2023 Games Unbounded" NetEase Games Conference was held in Koelnmesse, Cologne on August 23rd.

Key Points:

COLOGNE, Germany, Aug. 27, 2023 /PRNewswire/ -- The "2023 Games Unbounded" NetEase Games Conference was held in Koelnmesse, Cologne on August 23rd.
As a leading global developer and publisher with multiple local studios, NetEase Games continues to embrace brilliant game creators both in China and around the world.
NetEase Games has empowered several game developers to create titles with traditional cultural background settings and elements.
The producer further revealed the game's co-testing schedule with the developers in Montreal, Canada in September.

Cloud Music Inc. Reports First Half 2023 Financial Results

Retrieved on:

Thursday, August 24, 2023

Despite the industry-wide slowdown, our MAUs of online music services for the first half of 2023 steadily climbed to 206.7 million, up 13.7% year-over-year.

Key Points:

Despite the industry-wide slowdown, our MAUs of online music services for the first half of 2023 steadily climbed to 206.7 million, up 13.7% year-over-year.
We also secured more high-quality content in the first half of 2023, with a focus on better cost efficiency.
We improved our profitability considerably in the first half of 2023, mainly attributable to our increased scale and cost optimisation.
In the first half of 2023, we further promoted product innovation and the build-up of a music community that brings excitement to users.

NetEase Announces Second Quarter 2023 Unaudited Financial Results

Retrieved on:

Thursday, August 24, 2023

HANGZHOU, China, Aug. 24, 2023 /PRNewswire/ -- NetEase, Inc. (NASDAQ: NTES and HKEX: 9999, "NetEase" or the "Company"), a leading internet and game services provider, today announced its unaudited financial results for the second quarter ended June 30, 2023.

Key Points:

HANGZHOU, China, Aug. 24, 2023 /PRNewswire/ -- NetEase, Inc. (NASDAQ: NTES and HKEX: 9999, "NetEase" or the "Company"), a leading internet and game services provider, today announced its unaudited financial results for the second quarter ended June 30, 2023.
Gross profit for the second quarter of 2023 was RMB14,375.4 million (US$1,982.5 million), compared with RMB14,896.5 million and RMB12,941.5 million for the preceding quarter and the second quarter of 2022, respectively.
Gross profit margin for Youdao for the second quarter of 2023 was 47.0%, compared with 51.7% and 42.8% for the preceding quarter and the second quarter of 2022, respectively.
The effective tax rate for the second quarter of 2023 was 8.0%, compared with 19.5% and 22.0% for the preceding quarter and the second quarter of 2022, respectively.

Enthusiast Gaming Reports Second Quarter 2023 Results

Retrieved on:

Monday, August 14, 2023

LOS ANGELES, Aug. 14, 2023 (GLOBE NEWSWIRE) -- Enthusiast Gaming Holdings Inc. (“Enthusiast Gaming” or the “Company”) (NASDAQ: EGLX; TSX: EGLX), a leading gaming media and entertainment company, today announced financial results for the three and six months ended June 30, 2023 (“Q2 2023”).

Key Points:

LOS ANGELES, Aug. 14, 2023 (GLOBE NEWSWIRE) -- Enthusiast Gaming Holdings Inc. (“Enthusiast Gaming” or the “Company”) (NASDAQ: EGLX; TSX: EGLX), a leading gaming media and entertainment company, today announced financial results for the three and six months ended June 30, 2023 (“Q2 2023”).
“The underlying trends of our business are highly encouraging, suggesting significant improvements in our consolidated results in the second half of 2023 and into 2024.
Additionally, aligned with our commitment to diversity and inclusion, Luminosity Gaming formed two new all-female teams: Luminosity Gaming Red and Luminosity Gaming Green which compete in Apex Legends.
The results represent 28% year-over-year growth in Unique Visitor traffic to Enthusiast Gaming’s digital media Property of gaming communities, content, and creators (Comscore Media Metrix® Multi-Platform, Total Audience, May 2023, U.S.).