Activision Blizzard Reports Better-Than-Expected Profits

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Activision BlizzardActivision Blizzard announced its financial results for its fourth fiscal quarter and full fiscal year ended December 31, 2009:
The company reported a net loss for the quarter of $286 million compared to a net loss of $72 million in the same quarter the previous year. For the year, Activision Blizzard reported net income of $113 million, compared to a net loss of $107 million in prior year. These numbers reflect a decline in the profitability of the company's Guitar Hero franchises.


For the quarter ended December 31, 2009, Activision Blizzard reported MMORPG revenues of $294 million (compared to $325 million in the same quarter the previous year). The company also reported MMORPG revenues for 2009 of $1.233 billion. This income is, essentially, the company's income from World of Warcraft.

The company also announced that its board of directors has authorized a share repurchase program under which the company can repurchase up to $1 billion of the company's common stock.

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This page contains a single entry by Editor published on February 10, 2010 3:26 PM.

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