Manga Launches New Set of Videogames on Various Platforms

Manga Productions launches new videogames across various gaming platforms. (SPA)
Manga Productions launches new videogames across various gaming platforms. (SPA)
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Manga Launches New Set of Videogames on Various Platforms

Manga Productions launches new videogames across various gaming platforms. (SPA)
Manga Productions launches new videogames across various gaming platforms. (SPA)

Manga Productions, an affiliate of the Mohammed bin Salman MiSK Foundation, organized an event called “XP” in Riyadh to launch new videogames across various gaming platforms.
An elite group of media figures, influential content creators, and stakeholders attended the event. It aimed to engage with the players' community in the Kingdom through gaming experiences, exclusive content, and thought-provoking meetings.
CEO of Manga Productions Company Dr. Essam Bukhari expressed his pride in launching the new games and in the achievements of Saudi talents at the global level in content creation and production, such as “The Journey” and “Legends in the Coming of Time”.
He also highlighted successes in the distribution and anime licenses for both Grendizer and Captain Tsubasa.
Bukhari stated that the company is proud to publish three games in the Middle East and become the first Saudi company to publish AAA games by young Saudis, adding that investing in them and believing in their abilities is the strategic choice for regional and global competition.
The games include “Space Adventures Grendizer: Feast of the Wolves”, “The Smurfs 2: Prisoner of the Green Jewel”, and “Flashback 2”.
The “Grendizer” game is an epic adventure and a journey that explores the most famous landmarks and characters within the fantastic world created by “Go Nagai”, the author of the original series.
Players can also discover a fictional world of surprises in “The Smurfs 2” and help the famous Smurfs characters rid their world of green gem monsters.
In the second installment of the game, “Flashback 2”, players prepare to embark on a new mission with Conrad and Aisha in a cyberpunk world full of danger, mystery, and lost memories. The first installment of the game was launched in 1992 and sold more than 2 million copies.



Pinterest Shares Surge as Strong Ad Spend Defies Tariff Uncertainty

A keyboard is placed in front of a displayed Pinterest logo in this illustration taken February 21, 2023. (Reuters)
A keyboard is placed in front of a displayed Pinterest logo in this illustration taken February 21, 2023. (Reuters)
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Pinterest Shares Surge as Strong Ad Spend Defies Tariff Uncertainty

A keyboard is placed in front of a displayed Pinterest logo in this illustration taken February 21, 2023. (Reuters)
A keyboard is placed in front of a displayed Pinterest logo in this illustration taken February 21, 2023. (Reuters)

Pinterest shares jumped more than 11% on Friday, after a strong quarterly revenue forecast allayed investor jitters about the uncertainty of advertising spending on its platform amid global economic volatility.

Its robust first-quarter revenue positions it alongside peers Reddit and Facebook-parent Meta, which also saw strong top-line results at a time when deepening global trade tensions have clouded the outlook for many firms dependent on marketing spend.

A shifting US trade policy coupled with escalating geopolitical tensions have sparked fears of a spike in inflation levels and a possible recession, prompting a broader pullback in consumer and enterprise spending.

However, Pinterest's focus on strengthening the effectiveness of its artificial intelligence tools for creating ad campaigns and a growing Gen Z userbase makes it an attractive destination for marketers.

"AI is helping to serve up the right type of ads for different audience segments, which ultimately means there could be a greater propensity to click on the ad if it is relevant," said Dan Coatsworth, investment analyst at AJ Bell.

Pinterest's global monthly active users rose 10% from a year earlier to 570 million in the first quarter, exceeding analysts' expectations according to data compiled by LSEG.

"We believe Pinterest's strategic focus on AI improvements and international expansion is yielding results," said Angelo Zino, senior equity analyst at CFRA Research.

Pinterest flagged a reduction in spending from Asian e-commerce retailers due to the roll-back of the "de minimis" exemption earlier this year, which led notable Chinese advertisers including online marketplace Temu and fast-fashion retailer Shein to slash ad budgets.

Barclays analysts said they expect "trends to worsen in e-commerce advertising" later this year if and when tariffs impact consumer spending.

If gains hold, Pinterest is set to add around $2 billion to its market cap.

The company trades at 14.51 times the estimates of its earnings for the next 12 months, compared with Reddit's 67.65 and Snap's 22.19.