Midway Reports 1st Quarter Losses

by Lorien Faulkner on May 6, 2008

tagged: Boring!, Midway

It’s that time of year again, compatriots — quarterly results from all our favorite public video game companies. We’ll be compiling a feature for boring business details, but until we do you’ll be getting them in little shots of net profit/loss love.

Midway announced an exceptional net loss of some few millions, and a forward looking statement suggesting that they’ll lose more money in the immediate future. Someone in the accounting department can explain what it all means at the end of the day.

After David Zucker left the CEO position earlier this year, this money drain doesn’t come as a surprise. We only hope someone can right this ship before it goes down with all hands.