Call of Duty and World of Warcraft*add to Activision’s bottom line*and the company has said that work is underway on next-gen titles.
Activision had a strong quarter in Q3, beating Wall Street’s estimates. Earnings per share were at 8 cents, which was more than the estimated 3 cents per*share. While Activision managed to do better than predicted, the earnings*per share for Q3 2012 were not as strong as Q2 2012, when they were 15 cents*per share.
The company earned a total of $691 million in Q3, which is higher than the $635 million outlook that was predicted by industry analysts,but considerably less than what it made in Q2 2012, which was $751 million. Most of the revenue is attributed to games like Skylanders Giants and World of Warcraft. *Thanks to the strong Q3 revenues, Activision has mentioned that it has raised its estimate for 2013 from $4.31 billion to $4.32 billion.*Last month, it was announced that Activision will buy back its shares from French conglomerate Vivendi for $8.2 billion.
The Call of Duty series also saw a new release, Call of Duty: Ghosts, which attained a $1 billion sell-in revenue on the first day of its availability. Although there has been a certain amount of controversy regarding the difference in its resolution on the PlayStation 4 and the Xbox One, Activision has maintained that the game will look just as great on both next-gen consoles.
Next-gen titles that are currently being developed at Activision include the likes of Destiny, which is made by Bungie Studios. Bungie signed a ten year publishing agreement with Activision, and Destiny will be the first game that will be launched by Activision. Destiny will feature a new game engine that allows for more robust online matches. Other titles that will be launched on next-gen consoles include the likes of The Amazing Spider-Man 2.
Source: Activision
Read More: http://vr-zone.com/articles/activisi...ngs/63040.html
Activision had a strong quarter in Q3, beating Wall Street’s estimates. Earnings per share were at 8 cents, which was more than the estimated 3 cents per*share. While Activision managed to do better than predicted, the earnings*per share for Q3 2012 were not as strong as Q2 2012, when they were 15 cents*per share.
The company earned a total of $691 million in Q3, which is higher than the $635 million outlook that was predicted by industry analysts,but considerably less than what it made in Q2 2012, which was $751 million. Most of the revenue is attributed to games like Skylanders Giants and World of Warcraft. *Thanks to the strong Q3 revenues, Activision has mentioned that it has raised its estimate for 2013 from $4.31 billion to $4.32 billion.*Last month, it was announced that Activision will buy back its shares from French conglomerate Vivendi for $8.2 billion.
The Call of Duty series also saw a new release, Call of Duty: Ghosts, which attained a $1 billion sell-in revenue on the first day of its availability. Although there has been a certain amount of controversy regarding the difference in its resolution on the PlayStation 4 and the Xbox One, Activision has maintained that the game will look just as great on both next-gen consoles.
Next-gen titles that are currently being developed at Activision include the likes of Destiny, which is made by Bungie Studios. Bungie signed a ten year publishing agreement with Activision, and Destiny will be the first game that will be launched by Activision. Destiny will feature a new game engine that allows for more robust online matches. Other titles that will be launched on next-gen consoles include the likes of The Amazing Spider-Man 2.
Source: Activision
Read More: http://vr-zone.com/articles/activisi...ngs/63040.html
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