Activision Sitting Pretty But Is "Cautious" Looking Forward
The present is rosy but the future may be a little hazy. At least, that's Activision Blizzard's stance right now.
The mega-publisher has revealed their third-quarter fiscal results, which boasted a $226 million profit, up from $148 million in the year-over-year comparison. Net revenue registered at $841 million, which is also up from the $754 million posted in Q3 2011. By the way, over half of that net revenue - 51% - was due to the company's digital channels.
As for software-related news, Activision announced that there are now over 10 million World of Warcraft subscribers worldwide. It seems the game's fourth expansion, Mists of Pandaria, has helped bring in around 900,000 new members (Activision reported 9.1 million subscribers in August). Activision CEO Robert Kotick cited a few other properties that helped the publisher's bottom line in Q3 2012: Skylanders: Spyro's Adventure, as well as previous Call of Duty titles. And unsurprisingly, they're counting on the upcoming Black Ops II to be "one of the most successful launches of any form of entertainment in history."
The company raised their fiscal year forecast to $4.57 billion, slightly up from the initially anticipated $4.33 billion. But what about 2013? Well, Kotick said Activision is being "cautious" as it examines several factors:
"As we look to 2013, we are cautious about business prospects given a continually challenged global economy, the ongoing console transition, and very difficult year-over-year comparables due to Blizzardís record-shattering Diablo III sales in 2012."
Oh, Bobby isn't worried. ...is he?
11/7/2012 9:19:44 PM John Shepard