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Activision; Stems WoW Losses; Diablo III Slips

Activision's financial reporting shows lower than expected sales, though profits beat estimates. Here's the money mumbo-jumbo: "Activision's fourth-quarter sales for the three months ended December 30 fell 6 percent to $2.4 billion. Analysts were expecting sales of $2.2 billion, according to Thomson Reuters I/B/E/S. Adjusted for the deferral of revenue from digital content, Activision posted a profit of $725 million, or 62 cents per share, up from $655 million or 53 cents a year ago. This beat Wall Street estimates of 56 cents a share, according to Thomson-Reuters I/B/E/S." This notes that the company "only" lost about 100,000 World of Warcraft subscribers for the quarter, a considerable improvement over the previous reporting period when they lost closer to 800k subscribers from the MMORPG. There's also a note on IncGamers from the company's post-earnings conference call, where Mike Morhaime announced Diablo III is now due in Q2 of this year, saying: "We have implemented changes which will greatly improve the game experience and final release will live up to the highest expectations. We expect launch to be a big opportunity for Blizzard. More details will be announced in the coming weeks."

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19. Re: Activision; Stems WoW Losses; Diablo III Slips Feb 10, 2012, 02:54 Wildone
AS I SAID Q4 2013

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