Virtual Economy
We’re breaking up with Xbox. It’s not us, it’s you. More layoffs, closed (and practically closed) studios, shuffling of IP, and fawning executives that are trying to convince you that everything’s just ducky, when it’s really f… you get the point. You can support Virtual Economy’s growth via our and also purchase! TIME STAMPS [00:01:39] - PAX West / PAX Rising Recap [00:17:07] - Xbox Continues its Catastrophic Downfall [00:33:54] - Investment Interlude [00:41:58] - Quick Hits [00:47:14] - Labor Report [00:58:13] - Indie Game of the Episode SOURCES INVESTMENT...
info_outlineVirtual Economy
We’ve been head-down doing developer things (more on that very soon)! That makes this quite the episode. Earnings! Circana! EA is now privately held! Microsoft is biffing it! Roblox is screwed! And much, much, much more! You can support Virtual Economy’s growth via our and also purchase! TIME STAMPS [00:03:36] - Circana Report on U.S. Video Game Spending for July 2026 [00:17:45] - Microsoft Q4 FY26 Earnings, Console Price Hikes [00:32:02] - Sony Q1 FY27 Earnings [00:39:25] - Nintendo Q1 FY27 Earnings [00:47:34] - Capcom Q1 FY27 Earnings [00:52:57] - Sega Q1 FY27 Earnings [00:59:00] -...
info_outlineVirtual Economy
Joining us on this episode is friend of the show Mat Piscatella, Executive Director and Video Game Industry Adviser at Circana. Our discussion includes the state of the industry, the component crisis and hardware costs, first party’s changing strategy to focus on the biggest spenders, and just what the heck is going on at Xbox and PlayStation. Despite the worrying state of affairs, we also discuss our hopes for the future. Games will always be an art form, and as long as people are playing, artists will continue to pour their hearts into their craft. You can support Virtual Economy’s...
info_outlineVirtual Economy
Since 2022, the industry has slid into chaos and disarray, with developers and players abandoned by platform holders and publishers. Now, we’ve reached a tipping point, and only we can rescue ourselves. We’ll discuss Microsoft’s self-inflicted destruction, Sony’s anti-preservation attacks, and the ESA’s assault on consumers. Also: Steam Machine pricing, Krafton cowed, Ubisoft makes a catastrophic leadership hire amidst layoffs, and Ryan Cohen’s toilet thoughts become part of government record. You can support Virtual Economy’s growth via our and also purchase! TIME STAMPS ...
info_outlineVirtual Economy
Between GameStop and Ryan Cohen’s clownery and new Xbox leadership’s 100-day death march, it’s another grim moment for the game industry. Former OpenAI head (now Xbox CEO) Asha Sharma laments the hardware crisis caused by… AI. We’re all trying to find the guy that did this, after all. Look… Sharma is no doubt a sin eater, but as she perches herself on the glass cliff, how many people will suffer? Also: Ubisoft attempts to embargo news of studio closures and layoffs, Destiny 2 rides into the sunset, and… it’s earnings time, so we get to talk about why profits don’t save jobs....
info_outlineVirtual Economy
Ryan Cohen was only offered store credit as trade-in value for his time as GameStop CEO, so he’s trying to buy eBay in one of the most foolish business moves we’ve ever seen. Also: Circana Report on U.S. Video Game Spending for March 2026, Microsoft, EA, Remedy, Earnings, the latest labor happenings, and Pearl Abyss dumps CCP for half of what it paid for it. Half Cash, Half Stock. You can support Virtual Economy’s growth via our and also purchase! TIME STAMPS [00:01:41] - Circana Report on U.S. Video Game Spending for March [00:15:42] - Microsoft Q3 FY26 Earnings,, and ...
info_outlineVirtual Economy
With Epic laying off 1,000 people, the game industry job market has gone from “extremely chilly” to “nearing absolute zero.” Also: a recap of GDC’s challenged year, Circana Report on U.S spending for February 2026, some interesting new investments, NetEase divestments, and a heckin’ FAFO. You can support Virtual Economy’s growth via our and also purchase! TIME STAMPS [00:00:50] - GDC 2026 Recap [00:25:51] - Circana Report on US Video Game Spending for February 2026 [00:35:02] - Nintendo Sues US Government Over Tariffs [00:36:55] - Pokemon Company v. US Government [00:38:24]...
info_outlineVirtual Economy
This was supposed to be a show just about earnings. All we wanted to do was cover the earnings… but Sony closed Bluepoint, Nintendo is releasing $20 Pokemon ROMs, and Microsoft appears to have ousted Phil Spencer and Sarah Bond. Every first party is stepping on rakes. Get your coffee… this is gonna be a thing. You can support Virtual Economy’s growth via our and also purchase! TIME STAMPS [00:01:01] - Circana Report on US Video Game Spending for January 2026 [00:06:51] - Microsoft Earnings Report for Q2 FY2026 [00:16:39] - Sony Earnings Report for Q3 FY2026 [00:25:46] -...
info_outlineVirtual Economy
Ubisoft employees are prepared to strike over a recent return-to-office mandate and extreme cost-cutting. Also: Circana Report on U.S. Video Game Spending for December 2025 and full year 2025, That’s No Moon at odds with former founder, Amazon Games suffers another blow, and Ashes of Creation dev Intrepid implodes. You can support Virtual Economy’s growth via our and also purchase! TIME STAMPS [00:01:04] - Circana Report on U.S. Video Game Spending for December 2025 and Full-Year 2025 [00:12:00] - That’s No Moon Co-Founder Causes $1M Problem [00:21:09] - Valve Faces Down Another...
info_outlineVirtual Economy
2026 is putting us through our paces right out of the gate. We’re hanging onto hope, but layoffs, consolidation, and private equity loom over us like a shadow. On this episode: an update on Paramount’s desperate fight for Warner Bros. Discovery, Saudi Arabia moves video game holdings, and VR’s challenges get much larger. You can support Virtual Economy’s growth via our and also purchase! TIME STAMPS [00:02:35] - A conversation about hardware prices [00:10:16] - Paramount sues Warner Bros for Netflix deal details [00:15:39] - Investment Interlude [00:24:13] - Quick Hits [00:28:07]...
info_outlineWe’ve been head-down doing developer things (more on that very soon)! That makes this quite the episode. Earnings! Circana! EA is now privately held! Microsoft is biffing it! Roblox is screwed! And much, much, much more!
You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise!
TIME STAMPS
- [00:03:36] - Circana Report on U.S. Video Game Spending for July 2026
- [00:17:45] - Microsoft Q4 FY26 Earnings, Console Price Hikes
- [00:32:02] - Sony Q1 FY27 Earnings
- [00:39:25] - Nintendo Q1 FY27 Earnings
- [00:47:34] - Capcom Q1 FY27 Earnings
- [00:52:57] - Sega Q1 FY27 Earnings
- [00:59:00] - Square Enix Q1 FY27 Earnings
- [01:09:50] - Take-Two Q1 FY27 Earnings
- [01:14:35] - Remedy Entertainment Q2 FY26 Earnings
- [01:19:40] - Investment Interlude
- [01:44:53] - Quick Hits
- [01:51:07] - Labor Report
- [02:11:37] - Indie Games of the Week
SOURCES
- Earnings Release FY26 Q4 | Microsoft
- Xbox UK and Europe console price hikes revealed - and it's even worse than we expected | Eurogamer
- Q1 FY2026 Consolidated Financial Results | Sony
- Consolidated Results for the Three Months Ended June 30, 2025 and 2026 | Nintendo
- Consolidated financial results for the 1st Quarter of FY2026 | Capcom
- Consolidated Financial Results for the Three Months Ended June 30, 2026 (Japanese GAAP) | Sega
- SQUARE ENIX HOLDINGS CO., LTD. ANNOUNCES FINANCIAL RESULTS FOR THE THREE-MONTH PERIOD ENDED JUNE 30, 2026 | Square Enix
- Remedy Entertainment Plc: Half-Year Financial Report January–June 2026: CONTROL Resonant set to launch on September 24th | Remedy
- Take-Two Interactive Software, Inc. Reports Results for Fiscal First Quarter 2027 | Take-Two
INVESTMENT INTERLUDE
- EA Announces Completion of Acquisition by PIF, Silver Lake, and Affinity Partners | EA
- Judge sets March 2027 trial on Paramount-Warner Bros deal | Reuters
- Tripledot Studios acquires Supersonic from Unity for $40m | GamesIndustry
- Secret Mode opens new Sheffield studio to support internal titles | GamesIndustry
- Deus Ex and Dishonored designer Harvey Smith has a new studio making immersive sims | Engadget
- Devolver wants to delist because indie publishing is not 'compatible' with public trading | Game Developer
- Epic Games sells ArtStation and Sketchfab to KitBash | Game Developer
- Roblox shares plummet by 70% after the company reports persistent decline in player numbers, and of course the solution involves AI | PC Gamer
LABOR REPORT
- Double Fine Laid off 23 People | Double Fine on Bluesky
- Bethesda layoffs include the artist responsible for designing Skyrim's khajiit and argonians, who had been at the company for 27 years | PC Gamer
- Candy Crush maker King has declined staff's collective bargaining agreement | Game Developer
- BREAKING: Netflix to shut down two more game studios | Game File
- Report: Crossfire dev That's No Moon lays off 14 staff | Game Developer
- Witcher multiplayer spin-off Project Sirius hit by fresh layoffs | GamesIndustry
- The studio behind Blumhouse-published horror game Crisol: Theater of Idols has reportedly shut down | VGC
- Court orders Midgar Studio to liquidate after failing to secure a buyer | GamesIndustry
- Report: FIFA World Cup developer Refactor Games shuttered by Delphi Interactive | Game Developer
- The Ambitious Open-World Cyberpunk Action Game Troy Baker Was Working On Gets Hit With Mass Layoff | Kotaku
- Studio founded by former Star Wars: Galaxy of Heroes GM lays off staff | Game Developer
- The Alters and Frostpunk developer 11 Bit Studios is laying off 20 employees | Game Developer
INDIE GAMES OF THE WEEK