Activision Blizzard Reports Net Losses and Massive MMOG Income

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Activision BlizzardActivision Blizzard reported its results for the quarter and calendar year ended December 31, 2008.
For the quarter, Activision Blizzard reported a net loss of $72 million (compared to net income of $86 million in the same quarter the previous year). For the year, the company reported a net loss of $107 million compared to net income of $227 million the previous year.

Robert Kotick, Activision Blizzard's Chief Executive Officer emphasized that the company successfully completed its post-merger integration, and released several top-selling titles, including Guitar Hero III: Legends of Rock, Guitar Hero: World Tour and Call of Duty: World at War (not to mention World of Warcraft and its expansions.

Of the $1.639 billion of consolidated net revenues reported by Activision Blizzard for the fourth quarter, $325 million of that was reported as coming from the "MMOG" category (World of Warcraft). But for the $3.026 billion of consolidated revenues reported for the entirety of 2008, $1.152 billion was attributed to the MMOG category. This emphasizes Blizzard's constant cashflow, compared to the greater seasonality of console title sales.

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