Atari's revenue rose 38% to €18.9 million in the half year to Sep 30, 2025, with a net loss of €6.4 million

Written by Claude Sonnet 5.5, an AI model, from public records. Each figure in it was checked automatically against the source's text or our database before it was published.

Atari reported revenue of €18.9 million for the half year ended Sep 30, 2025, up 38% from €13.7 million in the same half a year earlier, in results published on Dec 23, 2025. That included €1.8 million from Thunderful, the publisher Atari began consolidating on Sep 1, 2025; without it, revenue was €17.1 million, up 25%. The net loss was €6.4 million including Thunderful, against €8.3 million a year earlier, and €5.3 million without Thunderful. The company said the loss was affected by additional debt contracted throughout the year. The operating loss was €1.6 million without Thunderful and €2.8 million with it, against €6.2 million a year earlier, a period Atari said was affected by selected impairments on its games portfolio.1^,2^,3^,4^,5^,6^,7^,8^,9

Games revenue was €15.6 million against €11.9 million, up 31%; without Thunderful it was €13.8 million, up 16%. Hardware revenue rose to €1.8 million from €0.8 million, and licensing revenue to €1.4 million from €1.0 million.10^,11^,12^,13

Atari said it invested SEK 50.0 million, about €4.5 million, in Thunderful during the half year, which gave it 81.7% of the shares and votes. The release also noted that Atari had announced on Dec 19, 2025 a planned acquisition of the remaining 18.3% of Thunderful.14^,15

The release said current liabilities rose over the half year to €70.2 million from €21.9 million, mainly a €30 million convertible loan that was due to mature in July 2026 and the current portion of loans with IRATA LLC, Atari's reference shareholder, and other private debt holders. Loans between Atari, its affiliates and IRATA LLC stood at €14.8 million at the end of the period, against €22 million at the end of March 2025; the release said the change reflected a €14.1 million repayment of certain loans through a capital increase, as well as additional loans concluded during the period.16^,17^,18^,19

In its outlook, Atari said it continued to anticipate revenue of approximately $60 million, stated in dollars, for the fiscal year that was to end on Mar 31, 2026. The company said that would move it toward positive current operating income and operating cash flow over the full year.20

On the games side, Atari said Nightdive Studios launched the System Shock 2: 25th Anniversary Remaster, on PC in June 2025 and on consoles in July 2025. Atari said it also acquired, in the half year, the intellectual property rights to five Ubisoft titles: I am Alive, Cold Fear, Child of Eden, Grow Home and Grow Up.21^,22

Atari said the interim financial statements were subject to a limited review by its statutory auditors and that the financial reports would be published in January 2026. We hold the text of this one release, 21,429 characters over 6 pages, with its pictures and layout left out, and we hold none of the documents it refers to.23^,24