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Activision Blizzard Financial

Activision Blizzard's Quarterly Financial Results beat analyst projections due to strong performance of the new installments in the Diablo and Skylanders series. The company is raising its outlook for the full year, in spite of word that World of Warcraft has shed another 1.1 million subscribers since their last report, leaving the MMORPG with only about nine million more paying subscribers than the typical such game: "Second-quarter sales, excluding changes in deferred revenue, rose 51 percent to $1.05 billion and beat the $837 million average of 19 analysts¡¯ estimates compiled by Bloomberg. Total revenue fell 6.2 percent to $1.08 billion. The company¡¯s ¡°World of Warcraft¡± multiplayer online game lost 1.1 million subscribers in the period, finishing at 9.1 million."

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Created On : Tue Jul 31 17:19:40 2012
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