Nintendo reports Q2 operating profit of ~$809M, up from ~$685M YoY, and cuts its fiscal year Switch sales forecast by 10% to 19M; a weakened yen boosts results (Takashi Mochizuki/Bloomberg)

James Batchelor / GamesIndustry.biz:
Nintendo announces a new joint venture, called Nintendo Systems, with DeNA, which co-developed several Nintendo titles for mobile, including Fire Emblem Heroes  —  New subsidiary will open in April 2023, focusing on research and development to improve Nintendo’s digital business  —  At a glance

Takashi Mochizuki / Bloomberg:
Sources: Sony plans to make 2M PlayStation VR2 units by March 2023, an ambitious target, and has not yet faced supply chain constraints  —  Sony Group Corp. plans to make 2 million units of the PlayStation VR2 headset by March next year, people familiar with the matter said …

Jordan Novet / CNBC:
Adobe reports Q4 revenue up 10% YoY to $4.53B, Digital Media revenue up 10% YoY to $3.3B, and Digital Experience revenue up 14% YoY to $1.15B; stock is up 5%+  —  – Adobe maintained its forecast for the new fiscal year.  — The company’s earnings for the fiscal fourth quarter was strong …

Takashi Mochizuki / Bloomberg:
Experts say ballooning mobile game file sizes can winnow out smaller studios, as memory upgrades fail to keep pace resulting in fewer games vying for attention  —  From Tokyo to San Francisco, mobile game studios have sparred for years to captivate a fickle audience, fostering an overlooked problem …

Kif Leswing / CNBC:
Nvidia reports Q3 revenue down 17% YoY to $5.93B, vs. $5.77B est., including Data Center revenue up 31% YoY to $3.83B and Gaming revenue down 51% YoY to $1.57B  —  – Nvidia reported fiscal third-quarter results on Wednesday for the period ending in October with sales beating analyst expectations but earnings per share coming in light.

Kif Leswing / CNBC:
Block Q3: revenue up 17% YoY to $4.52B, vs. $4.49B est., gross profit up 38% YoY to $1.57B, vs. $1.53B est., and Cash App gross profit up 51% YoY; stock up 12%+  —  – Block stock rose in extended trading after the payments company reported third-quarter earnings that beat Wall Street expectations for profit.