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Activision Financials

Activision's has issued quarterly financial results offering a "weaker-than-expected outlook for the current quarter" thought the gaming giant has "reaffirmed its outlook for the full year." Here's word on their reporting: "The company earned $219 million, or 17 cents per share in the April-June quarter, up 12 percent from $195 million, or 15 cents per share, in the same period a year earlier. Its net revenue fell 7 percent to $967 million from $1.04 billion. On an adjusted basis that excludes special items and accounts for deferred revenue from games with online components, Activision earned $72 million, or 6 cents per share in the latest quarter. This is a penny above Wall Street's expectations. Adjusted revenue, meanwhile, fell 15 percent to $683 million from $801. This is below the $719.8 million that analysts polled by Thomson Reuters had expected." They also quote Chief Operating Officer Thomas Tippl saying "some of our new releases did not perform up to expectations," specifically citing Singularity as one of the disappointments. The article also quotes outspoken Wedbush Morgan analyst Michael Pachter expressing concerns over the sales of StarCraft II and Activision's over-reliance on Call of Duty and World of Warcraft revenue. Another point of interest is the continued shift towards digital distribution: "Tippl said that for the first time revenue from online channels that is, game downloads from the company's Battle.net site, add-on content and subscriptions outpaced retail sales during the quarter. Though retail is again expected to pick up during the holidays when many people buy games as gifts, this shows that the industry's aggressive push into digital distribution is beginning to pay off."

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5. Re: Activision Financials Aug 6, 2010, 20:57 Dev
 
btw, that push into digital distribution? The one that has garnered a ton of money for game companies? Thats the kinda thing the music companies shoulda done the instant they saw napster. They coulda had skyrocketing sales, instead of plunging sales as they failed to adjust to new markets.  
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4. Re: Activision Financials Aug 6, 2010, 16:13 AdamK47
 
Singularity deserves more sales. It really is a great game.  
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3. Re: Activision Financials Aug 6, 2010, 14:45 sauron
 
Why don't Blizzard just publish/distribute their own stuff a la Valve? They'd make a ton of money.  
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Kittens!
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2. Re: Activision Financials Aug 6, 2010, 14:00 zirik
 
so they will never deliver on their promise to do something for the families of the armed forces when they announced modern warfare 2 last year. actually, i never saw a follow up news on that pledge. i guess it was all a marketing gimmick to make gamers feel good about the overpriced game they purchased.  
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1. Re: Activision Financials Aug 6, 2010, 13:31 Cram
 
Though retail is again expected to pick up during the holidays when many people buy games as gifts, this shows that the industry's aggressive push into digital distribution is beginning to pay off."

Same price, less stuff. Guess that's fine for some...or many it seems. I'll always want a physical CD/DVD/whatever in my hand if I'm shelling out 50 or 60 bucks for a game.

Bobby NoDick is probably at Blizzards headquarters right now demanding a subscription rate increase for WoW to make back some $$$, or the creation and selling of several new $25 dollar mounts. EDIT: At least for the next quarter (post Starcraft2 quarter).

This comment was edited on Aug 6, 2010, 13:37.
 
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