informa
/
1 min read
News

Activision's Q3 Earnings, Revenue Way Up

Activision made Wall Street very happy when it announced last night that that its earnings for Q3 2002 were up 91 percent over last year, and projected a better fiscal 2003.
The company reported net earnings of $39.1 million (66 cents per share) compared to last year's $20.5 million (47 cents per share), and attributed the strong results to the recent console launches and the excitement they injected into the market. Revenues also climbed sharply to $371.3 million, outstripping the $264.5 million that Activision took in last year at this time. The company attributed its performance to strong showings by Tony Hawk's Pro Skater 3 for the PS2, GameCube, PlayStation and Game Boy Color; Return to Castle Wolfenstein and Star Trek: Armada II for the PC; Tony Hawk's Pro Skater 2x for the Xbox; Shaun Palmer's Pro Snowboarder for the PS2, GBA and GBC; Spider-Man 2 Enter: Electro for the PSX; and Mat Hoffman Pro BMX for the GBA. According to NPD, the Tony Hawk franchise was the single largest U.S. videogame franchise in dollars for the quarter. Ron Doornink, the President of Activision, said he believes the the game software market will grow 12-17 percent in the US and Europe during 2002.

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