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Activision Blizzard posts record digital revenue

Activision Blizzard's fiscal third quarter report reveals the company has posted revenues over $100 million more than it has originally estimated in its outlook for the period. The quarter, which ended September 30, saw the publishing giant post revenues of $754 million, up from $745 million during the same reported period last year. Activision Blizzard had originally set its outlook for the quarter at $650 million.

Fifty-seven percent of Activision Blizzard's total revenue came from digital channels, totalling another record $427 million for the company, up from $363 million the same period a year ago. For a major contributor to the increase, we suspect we need not look any further than Call of Duty: Black Ops, which Activision Blizzard called "the [number one] best-selling title in dollars in aggregate across all platforms in the U.S. and Europe for each of the first three quarters of 2011."

Read more: Activision Blizzard 2011 outlook increased to $4.33B »

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EA suffers Q2 losses; FIFA and Madden standout performers

Related Topics – EA, Financials
EA suffers Q2 losses; FIFA and Madden standout performers

EA's second fiscal quarter performance was hit with highs and lows. While the company reported a net loss of $340 million for the period ending September 30, 2011, EA did announce that it had shipped "nearly" eight million units of FIFA 12, which makes up half of the game's 16 million ship-to-date lifetime. Sales for the franchise has jumped 25 percent, year-over-year, EA reports.

Net revenue for the company was up to $715 million; however, EA's bottom line did not improve versus the same period last year where it reported a net loss of $201 million. In Q2 2011, EA's operating costs for research and development and marketing and sales jumped versus last year. Combined costs in 2010 were reported at $252 million, whereas 2011 was tagged at $374 million.

Read more: Madden and Bad Company 2 come up big too »

"Thanks for that, was just going to ask how do they stay solvent. "
- bryanvlo    See all 6 comments

Take-Two reports loss; Duke 'projected' to be profitable

Take-Two reports loss; Duke 'projected' to be profitable

In Take-Two Interactive's first quarter report for its fiscal 2012, the company posted a downturn in net revenue of $334.4 million versus $375.4 million in its pre-shifted, fiscal 2010 report.

Take-Two's first quarter, fiscal 2012 shows a loss of $8.6 million. Strong sales of Red Dead Redemption during its last reported April-June gave the the company a net income profit of $26.3 million, putting the current reported period in a challenging position.

Duke Nukem 'projected to be profitable' »

"Because Duke and LA Noire were not the AAA blockbuster sellers that they expected them to be. ..."
- dedgecko    See all 16 comments

Activision Blizzard achieves record revenues; digital sales jump 27%

Activision Blizzard has announced that the publishing giant has achieved record revenues in its second quarter, when ended on June 30, 2011.

Compared to $967 million in sales in the same period last year, Activision Blizzard jumped to $1.1 billion in its last quarter. Profit also spiked to $335 million versus $219 million in the same reported period last year.

Read more: Overall revenues tell a similar story »

"If it were anyone other than Blizzard, I'd pick "bad." but since it is Blizzard, I'll pick "good.""
- skizl    See all 4 comments

Nintendo stocks fall 13%, prompts exec pay cut

Related Topics – Nintendo, 3DS, Satoru Iwata, Financials
Nintendo stocks fall 13%, prompts exec pay cut

Looking at Nintendo's stock, it appears the tremendous success of the Wii and DS have essentially evaporated overnight. Shares for Nintendo closed down 13%, and were down as high as 20%, after Nintendo released its disastrous financial report, largely blaming sluggish 3DS sales. The company immediately dropped the price on the 3DS, and is now expecting an 82% drop in profit for the year.

Shares for the Japanese video game company haven't been this low since 2006--before Nintendo launched the Wii, and spurned a massive turnaround for the gaming giant.

READ MORE: Nintendo pres loses $300 million »

"What the hell is wrong with these guys? Aren't they supposed to get huge bonus and pay raise for ..."
- raxtor    See all 53 comments

Capcom reports decrease in sales, increase in income in first quarter

Capcom reports decrease in sales, increase in income in first quarter

According to Capcom's quarterly fiscal report--which summarizes activity from April 1 through June 30, 2011--the company's net sales clocked in at 11,953 million yen ($153.6 million), a 37.2% decrease compared to the the same term last year. Capcom's operating income also fell to 775 million yen ($9.9 million)--a 22.9% decrease. Ordinary income and net income both rose, however, with ordinary revenue up 152.8%, at 546 million yen ($7 million), and net income up 58.2% at 338 million yen ($4.3 million).

READ MORE: Titles that met, but did not exceed, expectation »

"It's not hard to increase income when your rerelease the same game multiple times with new ..."
- captain hampton    See all 5 comments

PS3 Q1 sales down, but PSN hack cost 'smaller' than thought

Sales of the PS3 are down year over year, according to Sony's latest financial reports. During the quarter from April to June this year, Sony sold 1.8 million PS3s, down from 2.4 million during the same period last year. Cumulative sales of the PS3 now stand at 51.8 million worldwide.

There are some very obvious reasons to point to for the downturn in PS3 sales. Most notably, the PlayStation Network outage likely caused some consumers to stay away from the device. Due to an intrusion in Sony's systems, the company took down PSN--including the ability to download games and play online multiplayer--between April and May.

READ MORE: How much will the PSN outage cost? »

"Those are "shipped" figures, not sold. Regardless, I'm surprised as well by that figure. Then ..."
- Lycronis    See all 6 comments

Nintendo reports loss, blames slow 3DS sales

Related Topics – Nintendo, 3DS, Financials
Nintendo reports loss, blames slow 3DS sales

There's a clear reason why Nintendo so drastically dropped the price of the Nintendo 3DS. It, simply put, has not been performing well. In fact, it's been lagging behind Nintendo's "last generation" offerings, with DS and Wii hardware sales easily besting Nintendo's newest effort.

"The Legend of Zelda: Ocarina of Time 3D was launched and favorably received, but Nintendo 3DS had few other hit titles," Nintendo admitted in its latest earnings report.

READ MORE: It doesn't print money »

"I agree. If they'd have launched with Mario Kart I'd already have one."
- rubicant    See all 29 comments

Saint's Row: The Third plan includes 'nearly a year' of DLC

Saint's Row: The Third plan includes 'nearly a year' of DLC

During an investor relations call, THQ chief executive Brian Farrell stated that the publisher is looking to increase post-launch revenues for its core titles by 20 percent.

Part of the plan, Farrell said, is to plan an aggressive campaign for post-launch content for its core titles. The first title slated to follow THQ's new digital direction is Saint's Row: The Third. "The idea is to really drive the key titles," Farrell noted.

READ MORE: Planned content for the next Saint's Row »

" can save money by buying the game all at once upfront.... Are we back where we ..."
- Kubiac    See all 12 comments

Star Wars: The Old Republic breaks pre-order record, EA sales reveal

Star Wars: The Old Republic breaks pre-order record, EA sales reveal

EA is the "#1 publisher in Western markets," according to its latest quarterly financials. The company command a 16% segment share for the quarter ending June 30th, thanks to the success of games like Portal 2, Dead Space 2, and Dragon Age 2. All three titles have sold over two million copies each. Crysis 2 is an even bigger success, having sold over three million units. (Who needs Steam?)

NCAA 12 is also a strong performer for EA Sports, with sales up 17% from last year. Given the recent resolution of the NFL lockout, next month's Madden should also be a hit for the company.

READ MORE: Battlefield 3 & The Old Republic pre-orders »

"I know, you would think with Valve's reach and money they can be their own publishers, or ..."
- darksied    See all 37 comments

Xbox and Kinect help drive 'record' revenue for Microsoft

Related Topics – xbox 360, Microsoft, Kinect, PC, Financials
Xbox and Kinect help drive 'record' revenue for Microsoft

Microsoft released its annual fiscal report today, and things are looking quite rosy for the Redmond-based computer giant. For the fiscal year ending June 30th, Microsoft reported "record revenue" of $69.94 billion, a 12% increase from the previous year. Part of the company's growth came from a massive turnaround in the Entertainment & Devices Division, responsible for Xbox and Kinect.

READ MORE: Huge growth for the Xbox division »

"I bought an original, then a slim Halo edition, and now I am eyeing the Star Wars edition. "
- shlimmy    See all 3 comments

Call of Duty: Black Ops 'best-selling' game of all time

Call of Duty: Black Ops 'best-selling' game of all time

During its Q1 2011 investor call, Activision revealed that Call of Duty: Black Ops has become the best-selling game of all time since launching across multiple platforms last November.

In Activision Blizzard's Q1 2011 financial results, the company noted that Black Ops achieved the milestone during the company's first quarter and holds the distinction of "best-selling game of all time in dollars" on the Xbox 360, PS3, and PC "in the U.S. and Europe." Read more »

"I plead guilty :( I really liked MW1, absolutely hated WaW (never even finished), kinda went ..."
- BigT    See all 30 comments

EA closes gap on year-end losses, sees substantial growth in Q4 FY11

Related Topics – Business, Electronic Arts, EA, Financials
EA closes gap on year-end losses, sees substantial growth in Q4 FY11

Electronic Arts has released its fourth quarter and 2011 fiscal year report, announcing a substantial increase in both net income and revenue over last year's results. Net income for the publishing giant jumped to $151 million in its fiscal fourth quarter, from only $30 million a year earlier.

For the final quarter, EA saw revenue jump to $1 billion versus $970 million in the same period a year ago. Reuters notes that EA's shares closed at $19.92 on the Nasdaq earlier today. Read more »

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Sony's PlayStation Group Posts Operating Income Jump of 135% During Third-Quarter

Related Topics – PlayStation 3, Business, Sony, Financials

Now would be a good time to stand behind a Sony executive within the Networked Products and Services group with a net out, as operating income is bursting from the company's pockets after a strong third-quarter.

During the recorded period, which ended December 31, the group that the PlayStation brand calls home boosted its operating income to ¥45.7 billion (approx. $564 million*) in 2010 versus ¥19.5B (approx. $238.8M*); an increase of 134.9 per cent. According to the earnings report released by Sony, "The game business benefited from significant cost reductions of PlayStation 3 (PS3) hardware and higher unit sales of PS3 software." Read more »

"Amazing what happens when your console is actualy profitable. "
- VeshDrown    Add a comment

Nintendo's Net Income Down 74%; Wii and DS See Sharp Decline

It's almost customary that when one company announces something shiny and new, its competition does something to extract all of the positive attention for their side of the fence. Call it bad timing but Nintendo didn't follow custom.

Just as Sony was revealing the super-powered successor to the PSP--dubbed NGP--and its plan to bring unspecified PlayStation content to the Android marketplace, Nintendo revealed its financial results for the first nine months of its current fiscal year. According to the report, net income dropped to ¥49,557 million ($596.7M) versus last year's ¥192,601 ($2.3 billion). Read more »

"Uh, you don't care about sales but say the bottom line is that no new customers will buy a Wii? ..."
- OmegaRed59    See all 36 comments

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