informa
2 min read
article

Restructuring Charges Push Atari Into Red In Holiday Quarter

Publisher Atari has announced the results of its third fiscal quarter, showing sales down to $41.1 million over the holidays, with losses down slightly to $0.3 million after restructuring charges of $3.7 million.
Publisher Atari has announced the results of its third fiscal quarter, showing sales down to $41.1 million over the holidays, with losses down slightly to $0.3 million after restructuring charges of $3.7 million. The company's sales were down from $47.3 million the year prior, and losses down from the prior year's $0.6 million. The company notes that without the restructuring charges, profits would have stood at $3.4 million. The company did see a rise in its distribution revenue, up from $1.3 million to $5.9 million, but publishing revenue was down from $46 million the year prior to $35.2 million. For its first nine months, Atari saw total revenue fall from $95.3 million to to $64.9 million. Publishing and distribution revenue were both down to $56.2 and $8.6 million, respectively. Losses for the nine months were up sharply from $8.0 million to $20.0 million. Finally, Atari says that between December 31st and February 12th, the company's lender, BlueBay, has entered into a forbearance agreement on Atari. The company says it "continues to pursue a resolution with its lender, however, there is no guarantee a resolution will ultimately be made." The company has declined to hold a conference call with investors for its holiday quarter.

Latest Jobs

Disbelief

Chicago, Illinois
05.10.22
Producer

Build a Rocket Boy Games

Edinburgh, Scotland
05.12.22
Lead Animation Programmer

Windwalk Games

Austin, Texas
05.16.22
Game Designer

Sucker Punch Productions

Bellevue, Washington
05.10.22
Campaign Director
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