Slight overall revenue decrease year-on-year
Like many major names in the industry, Konami posted its financial earnings report for the third quarter of 2020, which showed an overall minor decrease of 0.6% year-on-year, with only the company’s video gaming sector seeing any growth on the previous year.
In the field of digital entertainment, Konami has fared well, raking in ¥144.6 billion (roughly $1.3 billion USD) in revenue over the previous year’s ¥108.7 billion (around $1.03 billion USD). These figures represent an overall growth of around 33%. For the most part, the success is driven by Konami’s mobile gaming catalogue, particularly its popular sports titles such asProfessional Baseball Spirits AandeFootball Winning Eleven 2021.
However, in other sectors, Konami saw a decline on the previous year. Konami’s Amusements division saw a decrease in 31% – not helped by the ongoing COVID-19 pandemic – while Konami’s Sports and Gaming & Systems divisions saw a revenue decrease of 43% and 48% respectively. While the overall drop in revenueisminor, it does seem that Konami – despite the numerous hats it wears as a holding corporation – continues to find the most stability in the sector for which it has always been most closely associated. Whether the publisher will ever go “all-in” on gaming again – perhaps recapturing its prolific glory years of the 1990s – remains to be seen.
Games keep Konami afloat as revenue dips[GamesIndustry.biz]
