Tag Archives: Losses

As a result of its perceived 95 billion yen (£655m/$863m) loss, Sony closed down its China-based smartphone factory last week. Now, reports are suggesting that Sony will make up to half of its mobile division redundant by next year, resulting in the loss of 2,000 jobs. Sony’s staggering losses from …

Japanese publisher Square Enix has had a few hits under its belt this year, from Shadow of the Tomb Raider to Octopath Traveler, but that hasn’t stopped the firm from losing a considerable amount of money. Its latest fiscal report shows a staggering loss of ¥3.73 billion ($33 million), which …

Uber is one of those companies that has always lost money. It survives purely on continued investment because it's a good idea. That means it's worth tens of billions of pounds, despite making catastrophic losses. The question is, can it keep it up? The latest report suggests that Uber lost …

Copyright lobby groups that hope to push pirates and organisations that it feels benefit unfairly from piracy, to pay up, ostensibly do so because they care about the artists they represent. In practice though, that ideal rarely plays out. Take Rightscorp for example, which recently published its quarterly financial reports, only …

Hold your horses folks, it looks like you might need to make good on that bet after all: hell has indeed frozen over. Or at least it looks like it might be about to, as Nintendo is currently on track to make a yearly profit for the first time in …

Amazon might have spent much of this quarter aggressively expanding and introducing new services like Prime member streaming music and same-day deliveries in the UK, suggesting growth and prosperity, but its books paint a much less successful picture of the same period. According to the latest earnings report, Amazon lost …

$8 billion – that's just under £5 billion. These figures were put together by Ben Cousins over at Kotaku, who points out that if you take the figures from two years preceding the launch of both the PS3 and Xbox 360 – to account for development and R&D – it …