The first six months of the fiscal year saw 50% of Atari's business segments decline year-on-year.
The company released its financial results for H1 which ended on September 30, 2022. Here's what you need to know:
- Revenue: €4M ($4.24 million), down 27% year-over-year
- Games: €3M ($3.18 million), up 10% year-over-year
- Hardware: €200,000 ($212,000), down 92% year-over-year
- Licensing: €600,000 ($636,000), down 18% year-over-year
Although half of Atari's business segments were on a downturn, its blockchain division was also ahealthy performer. It pulled in €1M ($1 million) during the six months, up 101% year-over-year.
"The first half of the period was primarily focused on laying the foundation of Atari X which included collaborations and partnerships with Web3 partners as well as the implementation of NFT sales that were successful, despite unfavorable market conditions, for blockchain-related activities," the company said.
Looking ahead, Atari said that it will prioritize a turnaround strategy for its business divisions.
The effort will include releasing more premium titles and co-producing new games as well. Additionally, the firm said that it will continue to develop new NFT initiatives.
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