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Got a source for that? They’re a private company, unless you have access to non-public financial info it seems like you’re just making an assumption.
by mcmcmc 3y ago
Got a source for that? They’re a private company, unless you have access to non-public financial info it seems like you’re just making an assumption.
- Q6T46nT668w6i3m 3y agoRiot Games is a subsidiary of Tencent.
- mcmcmc 3y agoOkay, and does Tencent publish a P&L for Riot Games? Or are you assuming that if Tencent is profitable that means all of their subsidiaries are profitable? If you read the actual press release you’ll see Riot doubled headcount in the last few years. Highly doubtful their revenue growth kept up with their growing labor costs. Overhiring during the pandemic is a much more likely root cause for layoffs rather than management just trying to juice the profit margin in a market downturn.