Atari's fiscal 2026 revenue grew 66% to €56.0 million, with a €4.8 million consolidated net loss

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 announced on Aug 3, 2026 its consolidated results for the 12 months ended Mar 31, 2026, approved by its board on Aug 2, 2026. Revenue was €56.0 million, against €33.6 million the year before, up 66% at current exchange rates and 80% at constant currency; €11.8 million came from Thunderful, the Swedish publisher that Atari consolidated from Sep 1, 2025. Atari said audit procedures on the accounts had been carried out and that its audit report would follow once the procedures for the annual financial report were finalised.1^,2^,3^,4^,5

Games revenue rose 67.7% to €46.1 million, from €27.5 million; without Thunderful it grew 25% to €34.3 million. Hardware revenue rose to €7.3 million from €4.0 million, an 83% increase that Atari said was primarily driven by sales of the Atari 2600+/7800+ PAC-MAN Edition and Intellivision Sprint consoles.6^,7^,8^,9

Without Thunderful, net income was €0.1 million, against a net loss of €12.6 million a year earlier. With Thunderful, consolidated operating income was a loss of €3.7 million and consolidated net income a loss of €4.8 million. Operating income of €3.9 million without Thunderful was mainly due to a non-cash item of €4.4 million, which the release calls a bargain purchase, on the Thunderful business combination. Cash flow from operations was €11.0 million, against €10.2 million, and net debt ended the year at €77.6 million, up from €60.9 million.10^,11^,12^,13^,14^,15

Atari bought a majority stake of 81.7% in Thunderful in August 2025 and held 97% by the end of March 2026; Thunderful was delisted, effective Feb 24, 2026. Among the events the release lists after the fiscal year-end are the acquisition of the emulation studio Implicit Conversions, which it dates to April 2026, and the acquisition of Hipster Whale, the studio behind the Crossy Road franchise and PAC-MAN 256. The release gives the cash part of the Hipster Whale purchase as $26 million, with $3.3 million in new Atari shares and an earn-out of up to $10 million over three years. The release's review of the fiscal year also lists Atari's acquisition of the intellectual property rights to five Ubisoft titles: Cold Fear, I Am Alive, Child of Eden, Grow Home and Grow Up.4^,16^,17^,18^,19^,20^,21

On Jul 31, 2026, convertible bonds held by IRATA LLC fell due, and Atari repaid them with a new €29.3 million loan from IRATA. The loan carried a three-year maturity and 12% annual interest, with conversion features at the option of Atari and IRATA after 6 months and a floor of €24.00 per share for any IRATA conversion. For the year ending Mar 31, 2027, Atari said it intended to continue its retro-focused growth strategy and, as in previous years, expected activity to be stronger in the second half.22^,23^,24^,25

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