Just in case you were worried, Activision Blizzard is still raking in piles of money. Yesterday (9 May 2011) Activision Blizzard held an investor call to present their quarterly financial results. They posted a net income of US$503 million for Q1 year 2011. Activision Blizzard’s GAAP net revenues increased to US $1.4 billion in the quarter, as compared with $1.3 billion for the first quarter of 2010.
For Q1, GAAP net revenues from digital channels increased 30% year over year, accounting for 30% of the company’s total net revenues. For the quarter ended March 31, 2011, Activision Blizzard’s GAAP earnings per diluted share increased to $0.42, as compared with $0.30 for the first quarter of 2010.
Bobby Kotick – Activision Blizzard CEO
Bobby Kotick, CEO of Activision Blizzard, stated, “With over $1.4 billion of GAAP net revenues and $0.42 of GAAP EPS our record first-quarter performance was driven by digital sales and the continued strength of Activision Publishing’s Call of Duty and Blizzard Entertainment’s World of Warcraft franchises.”
“Digital content continues to represent a significant portion of our revenues and increased by about $100 million year over year, enabling us to deliver record first-quarter operating margins and earnings per share.”
“The Call of Duty: Black Ops First Strike content pack shattered Xbox LIVE launch records, surpassing 1.4 million downloads in the first 24 hours alone, and Blizzard’s Battle.net service continues to grow its service offerings. To date, Call of Duty: Black Ops players have logged more than 1.2 billion online hours of online gameplay.”
Kotick concluded, “Interactive entertainment continues to see broader audience appeal and powerful positive trends in online gameplay and online distribution. Our incredibly talented people continue to lead in innovation and we continue to deliver the world’s best games combined with strong financial performance.”
Activision Blizzard posts record Q1 financial results << Comments and views
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