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Atari reported decrease in FY12 revenue of $51.3M, closes Eden Games

Friday, 11th May 2012 15:48 GMT By Stephany Nunneley

Atari has released its fiscal 2012 earnings report which noted a decrease in revenue of $51.3 million compared to $77.8 million year-over-year. However, the firm also reported a decrease in losses with $4.8 million reported compared to the $8 million in losses the year prior. Atari attributed its losses to money spent beefing up its mobile games division, where its games have been downloaded over 10 million times, and reaffirmed its commitment to the mobile space. The firm has also started restructuring its operations by shuttering Test Drive Unlimited 2 developer Eden Games. The studio laid of the majority of employees at the studio last year, and all remaining assets will be sold. Atari also noted the sale of its remaining stock in the French television channel GameOne for $7.6 million.

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4 Comments

  1. Maximum Payne

    I think Eden were good developers slow maybe, but ambitious and always with new ideas.

    #1 2 years ago
  2. mad1723

    The problem they had is that their last game, TDU2, fell short on many aspects and expectations killed it. I love TDU1, but TDU2 had something wrong with it, too much glamour, not enough liberty.

    #2 2 years ago
  3. Maximum Payne

    @2 Because ATARI rushed them.

    #3 2 years ago
  4. mad1723

    Yup, I’m very aware of that. Unfortunately, that turned it into a disaster. Too bad, I would have loved a TDU3 that came back to its roots :)

    #4 2 years ago

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