Capcom profits up 50.8% thanks to “highly profitable” digital downloads

first_imgCapcom profits up 50.8% thanks to “highly profitable” digital downloadsJapanese publisher increases focus on esports as it restructures unprofitable arcade business Haydn TaylorSenior Staff WriterThursday 1st August 2019Share this article Recommend Tweet ShareCompanies in this articleCapcomProfits at Capcom were up last quarter, thanks primarily to “highly profitable” digital downloads of catalogue titles. The Japanese developer and publisher posted a modest year-on-year sales increase of 4.3% to reach ¥17,938 million ($164 million) for the period Operating income however saw the biggest spike, rising 50.8% year-on-year to reach ¥7,703 million ($70.6 million) for the period. It’s leading catalogue titles such as Resident Evil 2, Devil May Cry 5, and Monster Hunter: World all continued to perform well, with overseas sales growing and profits rising thanks to the high margin of digital downloads. Related JobsSenior Game Designer – UE4 – AAA United Kingdom Amiqus GamesProgrammer – REMOTE – work with industry veterans! North West Amiqus GamesJunior Video Editor – GLOBAL publisher United Kingdom Amiqus GamesDiscover more jobs in games Capcom also attributes its performance last quarter to a focus on marketing and promotion around its multi-platform strategy. Additionally, the company restructured unprofitable businesses like the Arcade Game Sales sub-segment, while allocating resources to the growth sector of esports. Overall, its video game business accounted for the vast majority of revenue and profit, grossing of ¥13,977 million ($128 million), with an operating income of ¥7,773 million ($71.2 million), up 1.4% and 34.8% year-on-year respectively. Celebrating employer excellence in the video games industry8th July 2021Submit your company Sign up for The Daily Update and get the best of in your inbox. Enter your email addressMore storiesResident Evil: A masterclass in reinventionAs Resident Evil 8 arrives and the series enters its 25th year, we look at how Capcom’s horror IP has done what it challenges players to do: surviveBy James Batchelor 1 days agoCapcom reports fourth consecutive year of record high profitsPublisher’s ongoing success driven by Monster Hunter Rise and Resident Evil 3By James Batchelor 1 days agoLatest comments Sign in to contributeEmail addressPasswordSign in Need an account? Register now.last_img read more