Activision Blizzard reports higher 2Q earnings

Wed, 08/03/2011 - 1:05pm
The Associated Press

Video game publisher Activision Blizzard says its second-quarter net income grew, boosted by strong demand for digital offerings such as downloadable content for the popular "Call of Duty" games.

Activision Blizzard Inc. said Wednesday that it earned $335 million, or 29 cents per share, in the latest quarter. That's up 53 percent from $219 million, or 17 cents per share, in the same period a year earlier.

Activision says its revenue climbed 19 percent to $1.15 billion from $967 million.

Adjusted earnings and revenue surpassed Wall Street's expectations. These results account for special items and changes in revenue from games with online components.

The Santa Monica, Calif.-based company is raising its revenue outlook for the year. For the current quarter, however, its guidance is below analysts' expectations.


Share this Story

You may login with either your assigned username or your e-mail address.
The password field is case sensitive.