informa
1 min read
article

Acclaim Financials

Though first quarter revenues dipped only slightly, to $101.2 million for the first quarter against $104.8 million for the same period last year, Acclaim's earnings took ...
Though first quarter revenues dipped only slightly, to $101.2 million for the first quarter against $104.8 million for the same period last year, Acclaim's earnings took a major hit. The company has reported that it's first quarter earnings slipped to just $0.4 million from a more robust $10.3 million for the first quarter of last year. The company indentified several potentials causes, including slumping N64 sales and the shifting of some product launches to the second quarter. Not least among Acclaim's financial woes is the $6 million spent on extending its hold on the World Wrestling Federation license through November. "We have expanded our release schedule and reduced our dependence on N64," said Acclaim CEO Greg Fischbach, "we have the financial resources, including $78 million in cash on the balance sheet that will allow us to be a leading publisher for each of the next generation consoles."

Latest Jobs

Treyarch

Playa Vista, California
6.20.22
Audio Engineer

Digital Extremes

London, Ontario, Canada
6.20.22
Communications Director

High Moon Studios

Carlsbad, California
6.20.22
Senior Producer

Build a Rocket Boy Games

Edinburgh, Scotland
6.20.22
Lead UI Programmer
More Jobs   

CONNECT WITH US

Register for a
Subscribe to
Follow us

Game Developer Account

Game Developer Newsletter

@gamedevdotcom

Register for a

Game Developer Account

Gain full access to resources (events, white paper, webinars, reports, etc)
Single sign-on to all Informa products

Register
Subscribe to

Game Developer Newsletter

Get daily Game Developer top stories every morning straight into your inbox

Subscribe
Follow us

@gamedevdotcom

Follow us @gamedevdotcom to stay up-to-date with the latest news & insider information about events & more