It was a mixed week for the tracked universe: 30 of 59 companies rose and 29 fell, with the median company close to unchanged. AdTech was the only index to decline, falling 5.2%, and Large Cap PC & Console is the only index above its year-end level, at +8.9% year to date. Frontier Developments fell 12.9% on Oct 14, the day after launching Planet Zoo 2, as Steam user reviews turned Mixed at about 65% positive.
The catalysts behind the week’s largest moves are below.
What moved them
Nazara (+10.7%) On Oct 12 it allotted 23.9 million shares at INR 306 each, raising $76m (INR 7.31B) from five investors, and founder Nitish Mittersain stepped down as managing director.
Kakao Games (+9.8%) Its MMORPG World of Dokkaebi, launched Oct 8, reached No. 1 on Google Play revenue by Oct 13, and Hanwha Investment & Securities raised its target to KRW 12,000 from KRW 10,000 on Oct 15.
Bandai Namco (+8.0%) ACE COMBAT 8: WINGS OF THEVE passed 1 million units within a week of its Oct 2 release, the fastest start in the series’ 30-year history, Bandai Namco said on Oct 9.
Konami (+7.5%) Morgan Stanley MUFG Securities kept its Overweight rating on Oct 15 and raised its target to JPY 26,000 from JPY 25,000, citing the expanding global rollout of eFootball.
Frontier Developments (-8.3%) The shares fell 12.9% on Oct 14, the day after it launched Planet Zoo 2 on PC, PS5 and Xbox Series X|S, as Steam user reviews turned Mixed at about 65% positive.
Unity Software (-13.8%) It fell 11.2% on Oct 14, when hotter US inflation data sent the Nasdaq down 1.9%, and 6.8% on Oct 16, with no company news beyond a notice of its Nov 5 results date.
Also in the top five, without a catalyst in the deck: NEXON (+6.5%) among gainers, and Magnite (-8.0%), Playtika (-7.9%) and Digital Bros (-6.8%) among decliners.
PC/Console Pulse, with Alinea Analytics
Releases of the last two weeks ranked by gross revenue, plus the week’s biggest riser by dollar growth, across Steam, PlayStation and Xbox (9–16 Oct). The seven tracked PC/console titles grossed $56.4m, led by Aion 2 at $15.7m and Star Wars: Galactic Racer at $13.5m.
Aion 2 (NCSoft) $15.7m for the free-to-play game, which sells no copies, with 59% positive on Steam and 11.08M Twitch hours. Advance access opened 30 September, and it launched 5 October.
Star Wars: Galactic Racer (Secret Mode / Fuse Games) $13.5m and 229k copies. OpenCritic 87, 86% positive on Steam, and 0.65M Twitch hours.
Planet Zoo 2 (Frontier Developments) $8.5m and 184k copies in the 9–16 October week, after its 13 October release. OpenCritic 83, 65% positive on Steam, and 1.24M Twitch hours.
Clive Barker’s Hellraiser: Revival (Saber Interactive) $6.0m and 153k copies. OpenCritic 73, but 94% positive on Steam, the best of the seven, and 1.79M Twitch hours.
Castlevania: Belmont’s Curse (Konami / Evil Empire) $4.7m and 154k copies after its 15 October release. OpenCritic 84, 69% positive on Steam, and 0.92M Twitch hours.
Valor Mortis (Lyrical Games / One More Level) $2.2m from 61k copies and 2.23M Twitch hours. OpenCritic 80, 78% positive on Steam.
Call of Duty: Modern Warfare 4 (Activision) $5.8m and 103k copies, with 0.51M Twitch hours. The week’s biggest riser (+$4.4m), with Steam pre-orders and the campaign early access that opened on 16 October. It launches 22 October.
Critic scores in the text are as of 21 October (OpenCritic Top Critic Averages, plus Metacritic for Planet Zoo 2); the table and slide images show Alinea’s 19 October values.
Out of scope: free-to-play Dota 2 (+$7.9m) and PUBG (+$9.5m), and EA Sports FC 27, at $58.9m in its fifth week.
Keep reading
The full 18-page deck, with deep dives on Ubisoft’s cuts, Epic’s move to AI-first production and its vibe-coded launcher, and Miniclip’s AdSurge ad platform.
Planet Zoo 2, in detail: how its first four days compare with Frontier’s earlier launches, where the revenue came from by platform, what Steam players flagged, and what Frontier has promised for the game.
Attention versus revenue, with Alinea Analytics: which of the seven titles have both buzz and money, which are sales-led, with money above buzz, the one with the most attention per dollar, and a full page on Clive Barker’s Hellraiser: Revival, from its platform split to how its start compares with Saber’s other launches.
Indices, week and year to date: all six InvestGame gaming indices.
Deals of the week: all 14 transactions, including the $46m round in Flow Games led by Tencent, as Türkiye-based mobile studios out-raise Asia-Pacific and North America since Jan’25, and Disney’s $20m opening bid for a license to some of Character.AI’s IP.