Core Viewpoint - The gaming and hospitality operator reported a profit of $100 million, driven by increased sales at its Macau properties, while experiencing a decline in sales at its Las Vegas and Boston operations [1] Group 1 - The company achieved a profit of $100 million [1] - Sales increased at the company's Macau properties [1] - Sales declined at the company's Las Vegas and Boston operations [1]

🚨BREAKING: AI GAMING STARTUP @AVALON: CREATE ENTIRE GAME WORLDS JUST BY TYPING WHAT YOU WANTAvalon is building an AI engine where players create environments, enemies, game modes, and entire experiences using plain English. No coding or editors.Just describe it and it exists, in a fully persistent, multiplayer world running on Unreal Engine with real physics and game logic.The $23M-funded studio includes devs from Everquest, Call of Duty, and World of Warcraft, and is backed by @mhventures.No public demo ha ...

Core Viewpoint - Alphabet's recent demonstration of an AI model capable of generating games with minimal prompts has increased market uncertainty regarding certain gaming stocks, particularly affecting companies like Take-Two Interactive [1]. Group 1: Company Impact - The introduction of Alphabet's AI gaming model has raised concerns among investors about the future performance of gaming studios [1]. - Companies in the gaming sector may face increased competition from AI-generated content, potentially impacting their market positions and revenue streams [1]. Group 2: Market Reaction - The market's reaction to Alphabet's AI capabilities indicates a shift in investor sentiment towards gaming stocks, reflecting a broader trend of integrating AI technologies into various industries [1].

Core Viewpoint - Alphabet's recent demonstration of an AI model capable of generating games with minimal prompts has increased market uncertainty regarding certain gaming stocks, particularly affecting companies like Take-Two Interactive [1]. Group 1 - Alphabet (GOOGL) showcased an AI model that can create games with just a few prompts, indicating advancements in AI technology [1]. - The introduction of this AI capability has led to heightened uncertainty in the gaming sector, impacting stock performance of gaming studios [1].

在随后举行的财报电话会议上，网易管理层针对AI技术应用、海外市场拓展等关键议题进行了深入解 答。 网易CEO丁磊在会上指出，AI技术的引入虽然降低了游戏制作的准入门槛，但同时也提高了头部产品 成功的标准。他强调，当前商业化大作的核心竞争力已从单纯的产能优势，转变为对AI技术与复杂游 戏系统（包括数值体系、经济系统及社交生态）的整合能力。这种整合不仅需要深厚的设计功底，还依 赖于丰富的运营经验，构成了新进入者难以轻易突破的行业壁垒。 站长之家（ChinaZ.com）2月12日 消息:昨日，网易公布了其2025年第四季度及全年财务报告。报告显 示，网易在第四季度实现了275亿元的营收，全年营收总额更是达到了1126亿元，归母净利润同比增长 13.8%，达到338亿元。 丁磊进一步表示，网易将专注于打造最懂游戏的AI专家，而非盲目追求通用大模型的研发。他认为， 在垂直领域内，高质量的私有数据比算力更为关键，而应用场景的精准匹配则远胜于模型参数的规模扩 张。基于这一理念，网易将继续加大在垂类模型、AI原生玩法创新以及人才队伍建设方面的投入力 度。 ...

Core Insights - Ubisoft reported a solid third-quarter performance for fiscal 2025-26, with net bookings growing at a double-digit rate year-on-year, exceeding expectations, driven by strong franchise performance and partnerships [6][7]. Financial Performance - Net bookings for the first nine months of fiscal 2025-26 reached €1.1 billion, an increase of 18% year-on-year, primarily driven by the success of franchises like Assassin's Creed, The Division, Anno, and Avatar [2][29]. - Q3 net bookings totaled €338 million, up 12% year-on-year, outperforming guidance due to strong partnerships and the Assassin's Creed franchise [3][11]. - Digital net bookings for the first nine months were €941.7 million, up 20.1% year-on-year, representing 84.8% of total net bookings [3][29]. User Engagement - The company reported around 130 million active users across Console and PC, with December monthly active users (MAUs) at 38 million, reflecting a 3% increase year-on-year [4][11]. - The Assassin's Creed brand saw session days increase by 28% year-on-year, indicating strong player engagement [15]. Group Transformation - Ubisoft is progressing on its transformation strategy, which includes the establishment of five Creative Houses aimed at increasing focus and specialization within the organization [21]. - The company is also exploring options to extend its debt maturity while maintaining sufficient liquidity to address near-term obligations [5][10]. Upcoming Releases - The Q4 lineup includes the anticipated launch of Rainbow Six Mobile on February 23, 2026, which has already garnered over 18 million pre-registrations [17][30]. - The Division Resurgence is also set to release in Q4 FY2025-26, coinciding with the franchise's 10th anniversary celebrations [20]. Recent Developments - Ubisoft completed a strategic investment from Tencent, securing €1.16 billion, which will enhance the company's financial flexibility and support its transformation efforts [22]. - The company has also announced the acquisition of March of Giants, entering the MOBA genre, which aligns with its Games as a Service (GaaS) strategy [24].

Core Viewpoint - Roblox (RBLX) has shown significant revenue growth but faces challenges in maintaining profitability due to high spending on AI technology, making it uncertain whether the stock can sustain a price above $150 by 2030 [1]. Financial Performance - In Q4 2025, Roblox's revenue increased by 43% year-over-year to $1.415 billion, up from $988 million in Q4 2024 [1]. - The company reported a net loss of $318.107 million in Q4 2025, widening from a loss of $221.052 million in the same quarter the previous year [1]. - Roblox expects Q1 2026 revenue to be between $1.37 billion and $1.42 billion, and full-year 2026 revenue guidance is set at $6.019 billion to $6.29 billion [1]. User Engagement - Roblox's daily active users (DAUs) grew by 69% year-over-year to 144 million in Q4 2025 [1]. - The total hours spent on the platform increased by 88% year-over-year to 35 billion [1]. Investment Considerations - The stock price of Roblox has previously reached $150, indicating a significant resistance level, but currently trades below $70, which may be seen as a discount [1]. - The lack of a price-to-earnings (P/E) ratio due to unprofitability complicates the assessment of the stock's value [1]. - The company's heavy investment in AI and infrastructure raises concerns about sustainability and future profitability [1].

Core Viewpoint - CMON (01792) has successfully completed a placement of 10.32 million shares at a price of HKD 0.9500 per share, raising approximately HKD 9.8 million for general operational purposes [1] Group 1: Placement Details - The placement represents about 16.67% of the company's issued share capital after the completion of the placement [1] - The total amount raised from the placement is approximately HKD 9.8 million, with a net amount of about HKD 9.4 million after deducting commissions and related expenses [1] - The placement was made to no fewer than six independent third-party subscribers, ensuring that none of them became a major shareholder of the company [1] Group 2: Use of Proceeds - Approximately HKD 2.35 million will be allocated for marketing and promotional activities, including participation in trade exhibitions [1] - About HKD 5.875 million is designated for game development, covering prototype design, content development, and artistic creation [1] - Approximately HKD 1.175 million will be used for the normal operations of board games, model wargames, and other leisure product sales [1]

Core Viewpoint - NetEase's Q4 2025 performance fell short of expectations, with revenue growing 3% year-on-year to 27.5 billion yuan and non-GAAP net profit declining significantly by 27% [1] Group 1: Financial Performance - Revenue for Q4 2025 reached 27.5 billion yuan, reflecting a 3% year-on-year increase [1] - Non-GAAP net profit experienced a substantial decline of 27% [1] Group 2: Analyst Rating and Price Target - Despite the disappointing performance, the firm maintains a "Buy" rating for NetEase [1] - The target price has been adjusted down from 276 HKD to 250 HKD [1] Group 3: Future Prospects - The company has promising game reserves that are expected to drive the next phase of global growth [1] - The highly anticipated game "Forgotten Sea" is scheduled for official release in Q3 2026, with technical testing having started on February 5, showing encouraging player engagement [1] - The second promotional trailer for "Forgotten Sea" garnered over 10 million views shortly after its release, indicating strong market interest and attention [1] - Another large-budget urban open-world project, "Infinity," is also in steady development [1]

Core Viewpoint - The company plans to launch the fighting game "True. Dynasty Warriors World" in the first half of 2026 as part of its global gaming business strategy [1] Group 1: Game Development and Globalization - The company is accelerating its global gaming business layout with the upcoming launch of "True. Dynasty Warriors World" [1] - The "Sui Le You" cloud gaming platform will integrate with Xiaopeng's Tianji AIOS 6.0 system, with expectations for future launches on Xiaopeng automobile models [1] Group 2: Share Buyback and Financial Strategy - As of January 30, 2026, the company has repurchased a total of 3.2909 million shares, accounting for 0.67% of the total share capital, and plans to continue this buyback initiative [1] Group 3: AI Product Commercialization - The company is accelerating the commercialization of AI multimodal products and expanding its overseas market presence, including testing revenue growth for web-based AI products and developing a global event system [1]