NEWS - Friday, February 8, 2008


Activision Posts Record $1.48 Billion Revenues

Activision Inc has posted its financial results for the three months ending December 31, 2007 with a record net revenue figure of USD 1.48 billion, up 80 per cent on the equivalent period the previous year.

The company, ranked as the number one publisher in the US in 2007 for both consoles and handhelds, also recorded a profit of USD 284.9 million, up 93 per cent year-on-year.

Nine month net revenues totalled USD 2.3 billion, with profit over the same period hitting USD 300.7 million - numbers which have prompted Activision to revise its full year forecasts up.

The company now expects total net revenue by the end of March to hit USD 2.65 billion - up from USD 2.45 billion - while earnings per diluted share are estimated at USD 1.07.

Highlights from the year-to-date include Call of Duty 4: Modern Warfare, which shipped over 7 million copies to the end of 2007, and Guitar Hero III: Legends of Rock, which took the largest amount of money for any title worldwide across the year.

Additionally the Guitar Hero franchise surpassed USD 1 billion in revenues in its lifetime during last year, and the Spiderman 3 and Transformers franchises also performed well.

Activision’s planned merger with Vivendi Games is still moving forwards, according to the company’s chairman and CEO, Robert Kotick.

"We are on schedule toward obtaining the stockholder and regulatory approvals needed to complete our business combination with Vivendi Games, which will create the world’s largest and most profitable independent video game company and should allow us to continue delivering exceptional returns to our shareholders," he said in a statement.

"The combined company expects to have the broadest, most diverse portfolio of entertainment assets in the industry, positioning it to capitalize on the continued worldwide growth in interactive entertainment."

That deal is still subject to various regulatory, stockholder and antitrust approvals, although no major problems are anticipated, in which case completion should take place in the summer of this year.


Source: http://www.gamesindustry.biz/

Site Statistics

Registered Members: 53,844
Forum Posts: 725,938
Xbox One Titles: 3,968
Xbox 360 Titles: 1,086
Xbox 360 Kinect Titles: 95
Xbox 360 Arcade Titles: 586
Original Xbox Titles: 987
Staff Reviews: 2,236
Member Reviews: 10,339
News Articles: 16,226
Screenshots: 35,841
Xbox 360 Achievements: 45,112
Xbox 360 Faceplates: 2,016
Cheat Codes: 1,706

Latest News





Rugby 22 Gets New Gameplay Trailer

Rugby 22 Gets New Gameplay TrailerThe presence of the Top 14, the Pro D2 and the United Rugby Championship is also confirmed. Fans will find all the clubs of these leagues, with their players and their official jerseys.




See News Archives

Community Forum Activity

2021: XBA is still here
Post by shrew king
12 Replies, 22656 Views

Watch Dogs: Legion
Post by Nato King
0 Replies, 43776 Views

Xbox Series X or S
Post by Nato King
5 Replies, 56827 Views

Spellbreak Grand Magus Pack (3) and Starter Pack (7) Giveaway!
Post by Variation-XBA
0 Replies, 52404 Views

I pay $ 1000! I search the Element 54 Canadian launch Team signaturen Faceplate
Post by Smill
0 Replies, 54812 Views

Xbox one no signal
Post by debrartin
0 Replies, 66763 Views

do you remember?
Post by SnoochyBoochy
3 Replies, 69600 Views

i haz xbox
Post by SnoochyBoochy
0 Replies, 56980 Views

Claiming the first thread of 2020
Post by Kraft
7 Replies, 96680 Views

Important! I pay $ 1000! I search the Sweden launch and the Element 54 Faceplate
Post by Smill
3 Replies, 56493 Views

Squad Up
Post by samslophead
0 Replies, 115382 Views

TERA Skinned Xbox One X Giveaway!
Post by Variation-XBA
0 Replies, 84320 Views

Starfield Release expectations?
Post by DJ tx
4 Replies, 153478 Views

Issue with Xbox live on Xbox home
Post by rcmpayne
0 Replies, 97450 Views

Happy Birthday, Me.
Post by SnoochyBoochy
4 Replies, 123198 Views

© 2000-2022 XboxAddict.com - All rights reserved. All trademarks are properties of their respective owners.
Xbox is a registered trademark of Microsoft. XboxAddict.com is not affiliated with Microsoft.

Made in Canada
Site Design by Cameron Graphics