Atari Announces Q3 Decline
Atari has published what it calls a “stable” set of revenues for fiscal year 2009/2010 (ended December 31, 2009) of €92.5 million, a 1.2 per cent decline year-on-year.
For the first nine month of fiscal year 2009/2010, US operations represented 85 per cent of the consolidated revenues, increasing by 22 per cent to €78.7 million. The firm says this was driven by sales of Ghostbusters: The Video Game, The Chronicles of Riddick: Assault on Dark Athena, Backyard Football and Champions Online.
US revenues grew by 22 per cent but this was offset by the lower revenue in Europe, which declined 52.5 per cent to €13.8 million due to “lower sales and fewer releases”.
Third quarter revenues for fiscal year 2009/2010 declined by 38.7 percent €24.0 million, vs. €39.1 million for the third quarter of fiscal year 2008/2009. The publisher says the decline was due to a lower number, but more profitable games released during the 2009 holiday season as compared to the same period last year.
Jeff Lapin, CEO of Atari, stated: “Nine-month revenues were stable versus last year with a higher share of high margin sales. Also, with the additional cash raised recently, the company has now strengthened its equity and is in a position to work on an expanded publishing plan. In early February, Atari launched Star Trek Online, supported by a strong marketing plan. This is a promising MMO game, and I am very enthusiastic about the launch“.
Atari has also appointed Phil Veneziano as Chief Financial Officer of the Atari Group. He will be based in the US. Veneziano joined the group in August 2009 as CFO.