Activision Also Beats Revenue Expectations

Kirjoittanut: Livegamers


Publisher Activision has also published better-than-expected preliminary results for the third quarter of the fiscal year 2007. The company expects to report net revenues of $822.8 million (638 million EUR) as compared to prior outlook of $600.0 million. Activision expects this to be the largest and most profitable quarter in the company´s history.
However, the company believes that last quarter´s result will be significantly impacted by expenses relating to its internal review of historical stock option practices and its decision to move the release of Enemy Territory: QUAKE Wars into the fiscal year 2008.

”Net revenues for the third quarter of fiscal 2007 are expected to be the highest in Activision´s history. Our results were driven by a smaller, high-quality game slate that was anchored by four key games – Call of Duty 3, Marvel: Ultimate Alliance, Tony Hawk´s Project 8 and Guitar Hero II. We remain optimistic about the long-term opportunities afforded by the new consoles, although we are cautious of the many risks that still exist as we transition from the current-generation console and handheld systems to the next-generation of hardware”, Robert Kotick, Chairman and CEO of Activision, commented.

Activision´s stock price was going slightly down in NASDAQ after the company´s announcement.