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Analyst - profitability hasn't grown for western pubs
“For Western publishers, profitability hasn’t grown at all in the past few years and that’s before we take 2009 into account.” - BMO Capital Markets’ Edward Williams
When you factor in the millions and millions of new gamers, it seems unbelievable that western pubs haven’t grown in profitability. Then factor in the rising development costs of games, and it’s suddenly not that hard to believe.