Gaming

Konami’s earnings report shows a significant drop in profits in the first half of 2022

Image: Konami

Konami introduced its income statement for the first six months of the year, and the results are not great. Despite the release a little titles we’ve had a lot of fun with – Teenage Mutant Ninja Turtles: The Cowabunga Collection doing a great job on “a few” – the company reported a 34.4% drop in profits.

This discovery was made thanks to Kantan Games Executive Director @serkantoto, with the video game consultant noting that Konami’s earnings reflect the company’s recent poor performance in the mobile app world, especially in Yu-Gi-Oh! series.

Anyone who keeps track of the amount of Yu-Gi-Oh! content might be a little surprised by this report – it seems like a new card-based mobile game is released every two months. Still, a profit loss of almost 35% should not be taken lightly.

Of course, silent Hill is on the horizon. We recently heard about Konami Silent Hill 2 remastered for PS5, and the company is reportedly still working on many of the franchise’s titles elsewhere.

Again, what’s the difference Indeed do? Silent Hill has never been a particularly big hit for Konami, and it’s highly unlikely that the remaster will make much of a difference in this loss of profits.

Maybe it’s time to take a break from the fog and release another Metal Gear Solid…please?




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