Activision Blizzard exceeds quarterly earnings expectations

Money

Money

Activision Blizzard reported its financial results for the quarter-year ending on June 30, noting that it has exceeded its earnings expectations, and that online revenues surpassed retail earnings for the first quarter ever. The company also revealed that True Crime: Hong Kong will not see release until 2011.

Over the quarter that began April 1 and concluded June 30, Activision Blizzard's earnings exceeded its initial outlook due to the strong continued performances of World of Warcraft and Call of Duty. While both performed well at retail, with three games from the two franchises ranking amongst the NPD's top 10 PC sales for the quarter, Activision's earnings were largely driven by online sales, as digital sales grew 20% over the same quarter last year, exceeding the sales figures from retail for the quarter.

The company put the performance of one title's digital contents (Call of Duty: Modern Warfare 2) in perspective, noting that sales from the two map packs would have ranked it amongst the top 5 selling titles of the quarter if it was a standalone game, and that it led to Modern Warfare 2 being the highest-earning game in the entire industry for the quarter.

While the company affirmed its positive outlook for the rest of the year, stating it's "never been better positioned for the holiday season," one game that won't join the likes of Call of Duty: Black Ops, Guitar Hero: Warriors of Rock, DJ Hero 2, Tony Hawk: Shred, Spider-Man: Shattered Dimensions, and GoldenEye 007 will be True Crime: Hong Kong. The action title, which was revealed late last year and originally promised for a 2010 launch, has been pushed into 2011 to allow the developers more time to refine the game.

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection

Tags softwareapplicationsfinancialgamesNPDActivision BlizzardFinancial / tax

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Dave Rudden

GamePro
Show Comments

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Andrew Teoh

Brother MFC-L9570CDW Multifunction Printer

Touch screen visibility and operation was great and easy to navigate. Each menu and sub-menu was in an understandable order and category

Louise Coady

Brother MFC-L9570CDW Multifunction Printer

The printer was convenient, produced clear and vibrant images and was very easy to use

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Walid Mikhael

Brother QL-820NWB Professional Label Printer

It’s easy to set up, it’s compact and quiet when printing and to top if off, the print quality is excellent. This is hands down the best printer I’ve used for printing labels.

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Featured Content

Product Launch Showcase

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?