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Financial report summary
?Competition
Activision Blizzard • Microsoft • Take-Two Interactive Software • Netflix • NetEase • Tencent • Gravity • Roblox Corporation - Ordinary Shares • Meta Platforms Inc - Ordinary Shares • Glu MobileRisks
- Our business is intensely competitive. We may not deliver successful and engaging products and services, or consumers may prefer our competitors’ products or services over our own.
- We may not meet our product and live service development schedules.
- Our industry changes rapidly and we may fail to anticipate or successfully implement new or evolving technologies, or adopt successful business strategies, distribution methods or services.
- Stakeholders have high expectations for the quality and integrity of our business, culture, products and services and we may be unsuccessful in meeting these expectations.
- External game developers may not meet product development schedules or otherwise honor their obligations.
- Our business depends on the success and availability of consoles, platforms and devices developed by third parties and our ability to develop commercially successful products and services for those consoles, platforms and devices.
- We may experience declines or fluctuations in the re-occurring portion of our business.
- We could fail to successfully adopt new business models.
- Acquisitions, investments, divestitures and other strategic transactions could result in operating difficulties and other negative consequences.
- We may be unable to maintain or acquire licenses to include intellectual property owned by others in our games, or to maintain or acquire the rights to publish or distribute games developed by others.
- Our business partners may not honor their obligations to us or their actions may put us at risk.
- We have and may continue to experience security breaches and cyber threats.
- We may experience outages, disruptions or degradations in our services, products and/or technological infrastructure.
- Attracting, managing and retaining our talent is critical to our success.
- We rely on the consoles, systems and devices of partners who have significant influence over the products and services that we offer in the marketplace.
- A significant portion of our packaged goods sales are made to a relatively small number of retail and distribution partners, and these sales may be disrupted.
- LEGAL AND COMPLIANCE RISKS
- Our business is subject to complex and prescriptive regulations regarding consumer protection and data privacy practices, and could be adversely affected if our consumer protection, data privacy and security practices are not adequate, or perceived as being inadequate.
- Government regulations applicable to us may negatively impact our business.
- We may be subject to claims of infringement of third-party intellectual property rights.
- From time to time we may become involved in other legal proceedings.
- Our products and brands are subject to intellectual property infringement, including in jurisdictions that do not adequately protect our products and intellectual property rights.
- Our financial results are subject to currency and interest rate fluctuations.
- Our business is subject to economic, market, public health and geopolitical conditions.
- Our stock price has been volatile and may continue to fluctuate significantly.
Management Discussion
- Our fiscal year is reported on a 52- or 53-week period that ends on the Saturday nearest March 31. Our results of operations for the fiscal year ending March 31, 2024 contains 52 weeks and ends on March 30, 2024. Our results of operations for the fiscal year ended March 31, 2023 contained 52 weeks and ended on April 1, 2023. Our results of operations for the three and nine months ended December 31, 2023 contained 13 weeks and 39 weeks, respectively, and ended on December 30, 2023. Our results of operations for the three and nine months ended December 31, 2022 contained 13 weeks and 39 weeks, respectively, and ended on December 31, 2022. For simplicity of disclosure, all fiscal periods are referred to as ending on a calendar month end.