Activision Confirms Best Financial Year So Far

For the fourth quarter, Activision reported net income of $44.163 million compared to a net loss of $14.422 million in the same quarter the previous year. For the full year, Activision reported net income of $344.883 million compared to $85.787 million in the prior year.

According to Chief Executive Officer and Chairman Robert Kotick, "Fiscal 2008 was the best year in our history and Q4 was the largest and most profitable non-holiday quarter, even though we did not release any new titles.... We achieved record financial performance... " Furthermore, Kotick confirmed that Activision is on track to complete its combination with Vivendi Games.

Activision credits its strong year to games such as Call of Duty 4 and Guitar Hero III: Legends of Rock. Activision also noted that it has doubled its international revenues, expanding in other markets.

For the year, 61% of Activision's revenues came from North American sales, with the remainder coming from international sales. By platform, 31% of revenues came from Xbox 360 games, 29% came from PlayStation 2 games, 13% came from the sale of PlayStation 3 games and 12% came from the sale of Wii games. Other platforms made up the remainder of sales.