Browsing: Swings

Back in July, new Xbox CEO Asha Sharma announced a total of 3,200 job cuts across Microsoft’s gaming arm, with roughly half of those cuts being made alongside that announcement. The impact was vast. Various developers at Xbox studios, including Activision, Bethesda, Id Software, Blizzard, Mojang, and King suffered layoffs. Double Fine and Compulsion were…

On August 6, PENN Entertainment (NASDAQ:PENN) reported second-quarter results that flipped from a year-ago loss into a profit. Net income came in at $32.6 million, compared with a loss of $18.3 million in the same quarter of 2025. Revenue rose to $1.86 billion from $1.77 billion, and Adjusted EBITDA climbed to $312.6 million from $236.1…

Sony and Marvel’s comic book adventure “Brand New Day” obliterated box office expectations, collecting a jaw-dropping $355 million from 4,300 North American theaters. It’s the second-biggest debut in domestic box office history, following 2019’s “Avengers: Endgame” with $357 million, not adjusted for inflation. “Brand New Day” could end up eclipsing that record if Monday’s final…