informa
1 min read
article

Activision Results Exceed Expectations

Officials from Activision have announced the company’s results for the third quarter, which show a 74% rise in net profits year-on-year. Net profits for the period were $...
Officials from Activision have announced the company’s results for the third quarter, which show a 74% rise in net profits year-on-year. Net profits for the period were $77 million, or $0.70 per share on revenues of $508.5 million. This compares favorably to the company’s estimates of revenue of $480 million on earnings of $0.67 per share. This success has been primarily due to better than expected performances for Tony Hawk’s Underground and True Crime: Streets of L.A. As a result the company has raised its full year estimates to $0.72 per share on revenues of $910 million – up from $0.56 per share on $870 million. The company has also predicted that it will break the $1 billion revenue barrier in 2005 with expected profits of $0.90 per share for the full year. This year the company has planned eleven titles, which CEO Bobby Kotick has indicated will almost all be sequels and movie tie-ins, commenting that, “Our strategy as the cycle matures is to go toward more mass appeal properties, aligning our intellectual property portfolio with those who are buying games, and working with titles that have a good history.” Source: Reuters

Latest Jobs

Treyarch

Playa Vista, California
6.20.22
Audio Engineer

Digital Extremes

London, Ontario, Canada
6.20.22
Communications Director

High Moon Studios

Carlsbad, California
6.20.22
Senior Producer

Build a Rocket Boy Games

Edinburgh, Scotland
6.20.22
Lead UI Programmer
More Jobs   

CONNECT WITH US

Register for a
Subscribe to
Follow us

Game Developer Account

Game Developer Newsletter

@gamedevdotcom

Register for a

Game Developer Account

Gain full access to resources (events, white paper, webinars, reports, etc)
Single sign-on to all Informa products

Register
Subscribe to

Game Developer Newsletter

Get daily Game Developer top stories every morning straight into your inbox

Subscribe
Follow us

@gamedevdotcom

Follow us @gamedevdotcom to stay up-to-date with the latest news & insider information about events & more