News
Midway's losses widen in Q2
Stuart O'Brien Aug 5 2008, 12:48pm
Comments (1)
US publisher sees revenue fall 26 per cent, with net loss increasing by $20.5 million.
Midway has posted a 2Q08 loss of $34.8 million compared to losses of $14.3 million in 2Q07.
The company, which handles Unreal Tournament and Stranglehold, also saw its revenue fall by 26 per cent to $23.4 million.
Notably activity during the quarter included the release of NBA Ballers: Chosen One for Xbox 360 worldwide and for PS3 in North America, and Unreal Tournament III for Xbox 360 in Europe.
For the third quarter, Midway execs have forecast a loss of 37 cents a share on sales of $52 million.
The upcoming quarter will also see Midway release Unreal Tournament III for Xbox 360 in North America and TNA iMPACT! for Xbox 360, PS3, PS2, and Wii worldwide.
Comments
“Vegas”
Posted by: 2pac - Aug 7, 1:26am
say waaaaat!