Atari: Online strong despite despite 65% revenue drop

Mcvuk writes:

Atari has released results for the first quarter of its 2010/2011 fiscal year - and despite a 65% drop in revenues, the firm's online takings have jumped.

According to GameDaily The publisher reported net revenues of €19.3 million versus €54.5 million the year previously - but the drop is in line with Atari's expectations.

Retail releases took a dent. Atari released only one new game, Sandlot Sluggers, in the quarter - whereas last year it released two big-licence games, Ghostbusters: The Video Game and Chronicles of Riddick: Assault on Dark Athena.

In all, retail revenue dropped to €10.9 million in the quarter from €42 million the prior year.

But online revenues helped compensate for the shortfall - arguably proving the publisher can successfully (if slowly) make the transition to a purely digital publisher.

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