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Activision net revenues up 163%, licensed title sales strong

A quick glance at Activision's newly announced revenues and one thing is clear, the introduction of next-gen platforms such as Nintendo's Wii has been stoking game sales.The Santa Monica, California-based game publisher has announced a record 163% increase in net revenues for Q1, fiscal 2008. The company brought in US$495.5 million, compared to its US$188.1 million take in Q1 2007.
August 3, 2007

A quick glance at Activision’s newly announced revenues and one thing is clear, the introduction of next-gen platforms such as Nintendo’s Wii has been stoking game sales.The Santa Monica, California-based game publisher has announced a record 163% increase in net revenues for Q1, fiscal 2008. The company brought in US$495.5 million, compared to its US$188.1 million take in Q1 2007.

Robert Kotick, chairman and CEO of Activision, says shipping more than eight million new game units worldwide and its strong position in the third-party US handheld console market propelled the growth. And titles that have been bringing home the bacon include Guitar Hero, Spider-Man 3 and Shrek The Third.

Net income for the quarter also rebounded to US$27.8 million from US$18.3 million the year before.

About The Author
Gary Rusak is a freelance writer based in Toronto. He has covered the kids entertainment industry for the last decade with a special interest in licensing, retail and consumer products. You can reach him at garyrusak@gmail.com

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