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Midway Games is taking a big revenue hit. The company is reporting that revenues for the first quarter of 2001 fell nearly 56 percent to $47.3 million versus last year's ...

Quang Hong, Blogger

October 26, 2000

1 Min Read

Midway Games is taking a big revenue hit. The company is reporting that revenues for the first quarter of 2001 fell nearly 56 percent to $47.3 million versus last year's first quarter revenues of $106.6 million. That decline in revenue translates to a loss of $9.9 million, compared to net income of $11.3 million in the same period one year ago. Midway hopes to quickly rebound from the disappointing numbers as next generation console game sales increase.

About the Author(s)

Quang Hong

Blogger

Quang Hong is the Features Editor of Gamasutra.com.

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