Atari's Blockchain Division Defies Odds with Significant Growth Amidst H1 Downturn

Atari's fiscal year got off to a rocky start, with half of its business segments experiencing a decline in the first six months. The company's financial report, which covers the period up to September 30, 2022, reveals the following key figures: - Revenue: €4M ($4.24 million), a 27% decrease from the previous year - Games: €3M ($3.18 million), a 10% increase from the previous year - Hardware: €200,000 ($212,000), a 92% decrease from the previous year - Licensing: €600,000 ($636,000), an 18% decrease from the previous year Despite these challenges, Atari's blockchain division showed promising results, generating €1M ($1 million) in revenue, a remarkable 101% increase from the previous year. According to the company, the first half of the period focused on establishing the foundation for Atari X, including collaborations with Web3 partners and the successful implementation of NFT sales, despite unfavorable market conditions. Looking to the future, Atari has announced plans to prioritize a turnaround strategy for its business divisions, which will involve the release of more premium titles, co-production of new games, and the development of new NFT initiatives.