Earnings: Eidos Revenues Up, Losses Down Ahead Of Square Enix Takeover

image British games producer Eidos, which is set to be taken over by Japanese games giant Square Enix, has posted much improved earnings figures for H208: in the last six months of 2008 Eidos made revenues 26.7 percent higher year on year at £80.3 million and losses of just £1 million, compared to a £75.1 million loss in H207. There’s a loss per share of £0.03 but the company, but the company appears to be in good enough shape to justify the £84 million Square Enix bid for it. Net debt has also been lowered from £5.7 million a year ago to £3.2 million.

Eidos has sold 2.6 million units of its latest Tomb Raider game, out-selling the previous two installments of the Lara Croft franchise — but that’s still lower than Eidos had expected so it reiterates its lowered 2009 sales forecast of between £160 million and £180 million, down from an original forecast of between £180 million and £200 million. One glimmer of hope: for the first time Eidos is releasing two paid-for downloadable expansion releases for Tomb Raider, extending its retail lifespan.


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