informa
1 MIN READ
News

Nvidia's Employee Stock Deal Results In Rare Quarterly Loss

Nvidia reported Q3 results after the market closed today, announcing an 18% increase in revenues, to $430.3 million.
The company posted a rare loss for the quarter, however, due to its earlier decision to swap out thousands of underwater stock options held by employees for new options. That cost the company $61.8 million in the quarter, and resulted in a $48.6 million net loss (32 cents per share). Last year in Q3 Nvidia posted net income of $41.3 million (24 cents per share). Nvidia shares closed at $14.55 today, down $1.63 (10.07%) on the day.

Latest Jobs

Xbox Game Studios

Redmond, Washington
10.5.22
Technical Lighting Artist

Innogames

Hamburg, Germany
10.5.22
Game Designer - Elvenar

Six Foot

Houston, TX
10.3.22
Six Foot Director, Player Relations

Hometopia Inc.

Remote
10.7.22
Lead Engineer
More Jobs   

CONNECT WITH US

Explore the
Subscribe to
Follow us

Game Developer Job Board

Game Developer Newsletter

@gamedevdotcom

Explore the

Game Developer Job Board

Browse open positions across the game industry or recruit new talent for your studio

Browse
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