I have about 90 shares of ATVI that I bought around $12 about two years ago... My first investment. Can't wait for this baby to pick back up. Saw a 3% increase today...
Activision Blizzard parent company calls out game publisher as major contributor to 14.1% Q1 profit growth.
Activision Blizzard has come under fire over the past couple of months, in large part due to its handling of Infinity Ward and the Call of Duty franchise. However, detractors have not been able to argue with the publisher's financial performance. Last week, Activision Blizzard announced that it had cruised past first-quarter expectations, doubling profit to $381 million and posting revenues up 33 percent to $1.3 billion.
Today, Activision Blizzard parent company Vivendi SA announced its earnings for the same January-March period, and the game publisher represented the fastest growing segment in the French media conglomerate's business. Company-wide net revenue for the period reached €6.924 billion ($8.8 billion), a 6 percent increase from a year prior. Profit saw even better gains, rising 14.1 percent to €1.6 billion ($2.04 billion).
The game publisher's strong performance went a long way toward ameliorating declines in Vivendi's Universal Music Group. The segment saw revenues slip 12.6 percent to €889 million ($1.13 billion) during the three-month period, while profit fell 38.2 percent to €68 million ($86.6 million). Vivendi attributed the decline to decreased demand for physical music products, as well as fewer significant local and international releases.
Also driving gains for the media conglomerate was its French mobile phone segment SFR. By itself, SFR saw sales of €3.085 billion ($3.93 billion) from January-March, a 1.9 percent increase, while profit rose 2.6 percent to €985 million ($1.25 billion).
Other divisions within Vivendi include the Maroc Telecom, a Moroccan telecommunications company; Brazilian telecom GVT; and French TV and film studio Canal+.
I wonder how much of that money was due to withholding of royalty payments and milestone bonuses and intellectual property rights to the IW staff.
@fkbwii I would not say never, there are many ex-giant game companies that have been relegated to the sidelines. Sierra is gone. Almost every game from the 80's and early 90's had Sierra's name on it. Sid Meier's studio is gone. Sure his franchises live on with 2k games, but considering what his influence used to be, it is pretty much nothing now. While I bet Activision will be around for a while, if they keep destroying development studios, no startups will want to work with them. If Activision and Bungie get in to huge legal battles in the future (at the rate Activision is going it is almost a given), the only thing Activision will have left is in-house publishing (that and Blizzard to mooch off of). I remember that everyday people used to be like screw EA; now that EA is number 2 on the list, their press coverage has dropped significantly.
@ dstv Not quite, last game I bought from Acti was Vampire the Masquerade: Bloodlines. And then they closed Troika.
lol... everyone claims to hate activision yet they still support them by buying games they publish and DLC like the stimulus package
I confirm this statement with the shares I own in this company. I don't like the games so much, but I like profiting off of the great marketing they do.
Activision will never fall, as much as we all want it too. The now have Bungie and they will continue to work with Blizzard
Let's see how they do in the third quarter (typically slow because of summer) with Starcraft 2 coming out July 27th. South Korea will probably declare a national holiday, and blizzard execs HAVE to be licking their chops.
Avalanche Studios co-founder says developer's ambition is for action, not moments that make players cry; steampunk-style game on hold. Full Story
- Posted May 15, 2013 6:33 am PT
4A Games creative director Andrew Prokhorov thanks Jason Rubin for telling the studio's story, but says, "We deserve the ratings we get." Full Story
- Posted May 16, 2013 12:44 pm PT