GigaMedia Limtid (NASDAQ:GIGM) has announced the second and third quarter earnings for fiscal 2009. The company reported second quarter revenues of $37.7 million and an EBITDA of $2.9 million. Third quarter revenues were $37.2 million, and had a negative EBITDA of $10,000. The full financial results are available on the company’s investor relations website, http://ir.giga.net.tw/.
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The company held a conference call on Monday, December 21 to review the financial results. GigaMedia management also discussed its strategic alliance with Mangas Gaming during the call. The call is available via webcast on the company’s investor relations website.
GigaMedia Limited (GigaMedia) is a provider of gaming software and services to the online gaming industry, particularly the online poker and casino markets, and an operator of online games in Greater China, including the People’s Republic of China (PRC), Taiwan, Hong Kong and Macau. GigaMedia operates its gaming software and services through Cambridge Entertainment Software Limited (CESL), its wholly owned subsidiary. GigaMedia is a holding company, that operates two principal businesses through its subsidiaries. Through its gaming software and service business, it develops and licenses online poker and casino gaming software solutions and application services, primarily targeting continental European markets. Its online games business operates a portfolio of online games, primarily targeting online Greater China markets. In December 2009, Societe des Bains de Mer announced that its 50%-owned subsidiary, Mangas Gaming, acquired 60% stake in Everest Gaming from GigaMedia.
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