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Alexkid · 08-04-2011, 03:03 AM

Activision Blizzard 2Q earnings rise 53 percent
BARBARA ORTUTAY
(The Associated Press)

06:03:43AM (DST) Thursday,August 4,2011.

NEW YORK (AP) — Video game publisher Activision Blizzard Inc. said Wednesday that its second-quarter net income grew 53 percent, boosted by strong demand for digital offerings such as downloadable content for its popular "Call of Duty" games.

Activision earned $335 million, or 29 cents per share, in the April-June period. That's up 53 percent from $219 million, or 17 cents per share, in the same period a year earlier.

Revenue climbed 19 percent to $1.15 billion from $967 million.

On an adjusted basis Activision earned 10 cents per share, double what Wall Street expected. Adjusted revenue grew 2 percent to $699 million from $683 million last year. Analysts expected adjusted revenue of $601.9 million, according to FactSet.

The adjusted results exclude special items and account for the effects of deferring revenue and the related cost of sales for games with online components. Like other video game publishers, Activision spreads these out on its books over time, while the game is played, rather than all at once.

CEO Bobby Kotick called the quarter "phenomenal" and said Activision's focus continues to be investing in online services and its games' online capabilities. Of the company's total revenue, $423 million came from digital channels, such as monthly subscription fees for "World of Warcraft," downloadable content and games for mobile devices.

Activision's forecast for the current quarter fell shy of Wall Street's expectations, but the company raised its outlook for the full year. The fourth quarter is usually the most important one for video game companies because it includes holiday sales. Activision will launch the next version of its best-selling "Call of Duty" series in the fall.

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Anyone out there paying attention to Activision ?
Looking at the total earnings you can't help but to applaud.

...keep it coming Activision !

08-04-2011, 03:03 AM	#1
Alexkid Your World & Experience Join Date: Jan 2009 Location: Eastern Time Zone Posts: 6,859 Rep Power: 10	Activision Blizzard 2Q earnings rise 53 percent Activision Blizzard 2Q earnings rise 53 percent BARBARA ORTUTAY (The Associated Press) 06:03:43AM (DST) Thursday,August 4,2011. NEW YORK (AP) — Video game publisher Activision Blizzard Inc. said Wednesday that its second-quarter net income grew 53 percent, boosted by strong demand for digital offerings such as downloadable content for its popular "Call of Duty" games. Activision earned $335 million, or 29 cents per share, in the April-June period. That's up 53 percent from $219 million, or 17 cents per share, in the same period a year earlier. Revenue climbed 19 percent to $1.15 billion from $967 million. On an adjusted basis Activision earned 10 cents per share, double what Wall Street expected. Adjusted revenue grew 2 percent to $699 million from $683 million last year. Analysts expected adjusted revenue of $601.9 million, according to FactSet. The adjusted results exclude special items and account for the effects of deferring revenue and the related cost of sales for games with online components. Like other video game publishers, Activision spreads these out on its books over time, while the game is played, rather than all at once. CEO Bobby Kotick called the quarter "phenomenal" and said Activision's focus continues to be investing in online services and its games' online capabilities. Of the company's total revenue, $423 million came from digital channels, such as monthly subscription fees for "World of Warcraft," downloadable content and games for mobile devices. Activision's forecast for the current quarter fell shy of Wall Street's expectations, but the company raised its outlook for the full year. The fourth quarter is usually the most important one for video game companies because it includes holiday sales. Activision will launch the next version of its best-selling "Call of Duty" series in the fall. --------------------------------------------------------------------- Anyone out there paying attention to Activision ? Looking at the total earnings you can't help but to applaud. ...keep it coming Activision ! __________________ Yeah...Do That.

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