Interplay Reports Financials

Interplay Entertainment has announced its financial results for the quarter that ended June 30 and the first six months of fiscal year 2000. For the quarter, the company reported net revenues of $24.9, five million less than the same period a year ago. However, operating loss for the quarter was only $1.2 million compared to $4.4 million in the same quarter during the previous fiscal year. For the first six months of 2000, it reported net revenues of $43.1 million compared with net revenues of $51.0 million in the first half of 1999.

"We are extremely pleased that we have continued to reduce our operating losses as we proceed on our plan to return Interplay to profitability," said Brian Fargo, chairman and chief executive officer for Interplay Entertainment. "We released four major titles in the first half of the year, and we are planning to release eight major titles during the balance of the year, including Baldur's Gate II, Star Trek: New Worlds, Sacrifice, Giants and Star Trek: Starfleet Command II. We are also releasing a new title in our highly popular Virtual Pool series featuring Jeanette Lee, one of the game's most recognized professional players."

"Interplay is well positioned to capitalize on the ongoing console transition occurring within the industry," said Herve Caen, the company's president. "We are strongly focused on the next generation platforms and are increasing our offerings of console titles, while maintaining our strong presence in the PC market."

Interplay's net revenues by platform were 61.1 percent from the PC platform, 17.2 percent from consoles, and 21.7 percent from OEM, royalties, and licensing.