Atari Reports Decade-High Revenue and Returns to Profit
Video game developer Atari reported annual revenue of €56 million, its highest in over a decade. The company returned to profitability by leveraging nostalgia-driven franchises and acquiring studios such as Hipster Whale for $29.3 million and securing IP rights from Ubisoft. CEO Wade Rosen expressed confidence in sustainable growth after the firm reached operational profitability. Atari's Games revenue increased 67.7% to €46.1 million, while Hardware revenue rose by 83% to €7.3 million. The company recorded an operating income of €0.9 million compared to a loss last year and reported net income excluding Thunderful at €0.1 million versus a significant prior-year loss.
Topics: acquisitions profitability revenue growth video games