| Xbox 360 News |
 |
|
|
|
Midway Reports Sluggish Q4 Financials
24 Feb 2006 13:13 | HyperBear |
Industry News
Xbox360News.com |
Link to this article
Midway Games today reported decreased revenues and net losses for its fourth quarter -- numbers which the company says reflect an industry-wide slowdown during the transition to next-generation consoles.
For the fourth quarter ended December 31, 2005, Midway saw net revenues of $69.8 million, a 9.6 percent decrease from $77.2 million in revenue for the same period in the previous year. Midway reported a Q4 net loss of $37.8 million, compared to last year's Q4 income of $17.6 million. This quarter's earnings take into account a $10.8 million restructuring charge.
The company finished 2005 with full-year revenues of $150.1 million, down 7.1 percent from last year's $161.6 million. Midway reported a full-year loss of $112.8 million, compared to a loss of $24.7 million for 2004.
Read More
COMMENTS:
Add Comment
1 -
SO WHAT
Unregistered - DUDE
02.25.2006 14:47
I DONT CARE
Add Comment
|
| Latest Xbox 360 Cheat Codes |
| Get a degree in game design.
Ever dreamed about working with the development of video games? Fill out
our short online
form and we will send you more info about taking a game design degree.
|
| Search for song lyrics online. Over 500 000 lyrics.
|
|
