Southpeak Games has profitable holiday quarter

Posted Feb 18th 2009 8:00PM by John Callaham
Filed under: Biz

While other game publishers (*cough* Midway *cough* THQ *cough* EA) are in various states of financial decline at the moment, smaller game publisher Southpeak Games actually had a solid quarter of revenues and profits, at least according to their latest financial results.

The company revealed that its last financial quarter, which ended Dec. 31, 2008, had revenues of $17.3 million for the time period, over four times the amount it got for the same time period a year ago ($4.2 million). Southpeak pulled in a profit of $1.2 million for the last quarter. Last fall the company bought out Gamecock's game line-up, including Legendary. and this year the company has plans to publish a number of PC game titles including Section 8, Velvet Assassin and the upcoming fantasy RPG sequel Two Worlds: The Temptation.

Tags: gamecock, legendary, section-8, southpeak, southpeak-games, two-worlds-the-temptation, velvet-assassin

Reader Comments (Page 1 of 1)

No wonder EA, THQ and Midway have weak revenue. When you cancel projects, layoff a lot of people as a kneejerk reaction, you have less games to sell.

Maybe they need to pay more attention to companies like Valve and Stardock.Posted at 2:53PM on Feb 20th 2009 by Jason