southpeak-interacive
Latest
SouthPeak revenue down 42% year-over-year in second quarter of FY2010
Wake up! After that headline, we saw you start dozing and we wanted to make sure you were with us for the next hundred-ish words of pure, unbridled excitement. According to SouthPeak Interactive's fiscal 2010 second quarter financial results released this morning (which make up the last three months of calendar 2009, ending December 31), the publisher netted $10.1 million, a 42% decline from fiscal 2009's second quarter results of $17.3 million. In one of the report's few positive notes, company CEO Melanie Mroz notes that the My Baby franchise grew 45 percent "compared with the last holiday season" -- and we were so worried about SouthPeak's baby! Notably, the decline in revenue was blamed on "a decrease in the number of titles released in the fiscal 2010 period." Also, the games that the company did publish weren't the pricier Xbox 360 and PlayStation 3 titles. We've got a free solution for you though, SouthPeak -- My Baby Next-Gen: Future Baby for the aforementioned consoles. That one's for free, guys. The next one'll cost ya.
