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SouthPeak Actually Making Money!

sjohnson
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Posted February 19, 2009 - By Stephen Johnson

Over the past few months, we've been reporting a lot of terrible news about how the failing economy is hurting the gaming industry. Consider this a palate-cleanser from the doom and gloom: Game publisher SouthPeak Interactive is doing fantastic. SouthPeak's fiscal results for the three-month period ending December 31 indicate that revenues have shot up 307 percent to $17.3 million. Profits rose to $1.16 million from the $280,000 during the same period in 2007.

Which title accounts for much of SouthPeak's success? The company says DS title My Baby Boy/Girl was in heavy demand for the holidays. Okay, it's rough out there when a baby-simulator is driving your profits, but hey, whatever keeps the games coming.

On the 'core front, SouthPeak owns publisher GameCock. It has some very intriguing stuff coming up, including Velvet Assassin in 2009 and an untitled game from Croteam, creatures of one of the greatest first-person shooters of all time, Serious Sam.

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Tags: Videogames
SouthPeak Actually Making Money!
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