Activision Blizzard Reports Strong 2011 Results

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Activision BlizzardActivision Blizzard announced its financial results for its fiscal fourth quarter and full financial year ended December 31, 2011. While the results are impressive, they do come from the company increasingly focusing on a select few product areas, particularly the Call of Duty franchise and Blizzard's products. Read on for more details...
For the fourth quarter ended December 31, 2011, Activision Blizzard announced net income of $99 million, compared to a net loss in the same quarter the previous year of $233 million. For the full year, Activision Blizzard reported net income of $1.085 billion, compared to $418 million in 2010. The company was particularly pleased with how it has been focusing on higher-margin products, resulting in better operating results.

Activision Blizzard focused on how Call of Duty and World of Warcraft are the cornerstone of the company's business with 50 million monthly active users, combined. Much of the company's future growth appears pinned on the Skylanders platform, a new massively multiplayer online game and games on social platforms. While those products do have impressive margins, Activision Blizzard appears to be focusing on increasingly fewer products leaving it vulnerable to disruptions in the market.

The company is so flush with success (and cash) that it has authorized a stock repurchase program (that will launch on April 1, 2012) to repurchase up to $1 billion of stock, on the heels of the plan that will expire then to repurchase $1.5 billion of stock.

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This page contains a single entry by Editor published on February 9, 2012 3:40 PM.

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