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Atari H1 financials show continued growth driven by RollerCoaster Tycoon IP

Company buoyed by sales to THQ Nordic, Atari VCS pre-orders

Atari has published its H1 2018-2019 financial results, reporting "strong growth" in revenues driven by licensed products, IP sales to THQ Nordic, and the continued strength of RollerCoaster Tycoon.

The company reports that for the period ending September 30, 2018, it brought in €10.8 million ($12.4 million) in revenue in the first half of its fiscal year, an increase of 27 percent year-over-year. Its current operating income was up 87 percent year-over-year to €2.2 million ($2.5 million).

Highlights for the period include continued strength of RollerCoaster Tycoon on mobile and consoles, strong licensing activities, and two major events. The first was the sale of Alone in the Dark and Act of War properties to THQ Nordic, and the second was the Indiegogo campaign for the Atari VCS, which brought in $3 million in pre-orders.

"We continue to deliver profitable growth by exploiting our catalog of more than 200 globally known Atari games," said CEO Frederic Chesnais. "Our strategy is centered around the development of our four divisions: Atari Games, Atari Casino, Atari VCS and Atari Partners. Each of them operates in a sector that is experiencing strong growth, which is a key asset for the Group and long term value creation."

Looking ahead to the second half of its fiscal year, Atari anticipates a number of mobile releases such as Citytopia, Days of Doom, Food Truck Frenzy, and Ninja Golf to bring in strong revenue, as well as a settlement agreement Atari expects will bring in $1.1 million. Its other projects, such as the Atari VCS, Atari Casino, and Atari Partners projects involving blockchain are expected to continue development throughout the period.

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