Atari posts 9-month financials for FY 10/11, revenue declines 55.7%

Atari has released its financial report for the fiscal year ending December 31, and the company has posted revenues of €41 million, which compared to the prior year is a 55.7 percent decline.

The figures were in line with company expectations, according to CEO Jim Wilson, which showed a "a continued shift toward fewer but more profitable retail releases and the growing online games market."

Online revenue, based on subscription and digital distribution revenue, dame in at €18.4 million which is an increase of €15.3 million over the prior year. The nine months FY 2010/2011 includes subscription revenue from both Star Trek Online and Champions Online, and as a result, online revenue was 44.9percent of total net revenue compared to 3.4 percent for the nine months of the prior fiscal year.

Retail and other revenues, comprised primarily of sales to retail stores, was €22.6 million. This was a €66.8 million decrease over the prior year primarily due to the planned fewer releases of titles in FY 2010/2011 as well as lower third-party distribution revenue. Retail and other revenues were 55.1 percent of total net revenue, compared to 96.6 percent in the prior fiscal year.

Q3 revenues declined by 52.5 percent to €11.4 million, versus the €24.0 million acquired during Q3 2009/2010. This decline was due to a lower but more profitable slate of games released during the 2010 holiday season.

Atari's upcoming slate for 2011 includes a series of retail, XBLA, PSN, PC download releases and several casual and social online games based upon Atari’s classic video game brands, Ghostbusters: Sanctum of Slime, The Witcher 2: Assassins of Kings this spring, and Dungeons and Dragons: Daggerdale for XBLA, PSN, and PC in the spring for both download and retail.

You can look over the full financial release through the PDF link up top.