Midway Announces Increased Revenues, Losses

Major publisher Midway Games has announced that, for the three-month period ending September 30, 2007, its sales totaled $36.7 million, up from $27.4 million last year. At the same time, however, the company reported losses of $33.5 million, increased from $22.5 million in 2006.

As for highlights, the company said that Xbox 360 and PC title Stranglehold has exceeded 1 million units shipped worldwide across all platforms, and the company anticipates shipping Stranglehold for the PS3 in Europe in the latter part of November.

Midway also highlighted its recent demo of Unreal Tournament 3 in conjunction with developer Epic Games, since a demo of Unreal Tournament 3 for the PC was recently released, and has remained one of the top 2 most downloaded games on FilePlanet.com since it was released on October 12th. However, the PS3 version of the title is still due in 2008, as confirmed earlier last month.