Call: http://www.shareholder.com/visitors...key=5d6f01c554f5f897f0e14dda82a97f92&player=3
Update:
WoW sub revenue is down 10% due to the Diablo 3 bundle, since they're removing the lost revenue equally across all the related products.
Subs are only down 100K though.
Original:
Update:
WoW sub revenue is down 10% due to the Diablo 3 bundle, since they're removing the lost revenue equally across all the related products.
Subs are only down 100K though.
Source: http://www.bloomberg.com/news/2012-...es-while-forecast-falls-short.html?cmpid=yhooBloomberg said:Activision Fourth-Quarter Profit Tops Estimates While Forecast Falls Short
By Cliff Edwards - Feb 9, 2012 3:17 PM CT
Activision Blizzard Inc. (ATVI), the largest video-game publisher, posted fourth-quarter profit that exceeded analysts’ estimates on sales of “Call of Duty.” The company’s forecast for this quarter fell short of projections.
Net income totaled $99 million, or 8 cents a share, compared with a loss of $233 million, or 20 cents, a year earlier, Santa Monica, California-based Activision said today in a statement. Revenue fell 1.4 percent to $1.41 billion.
Profit excluding some items totaled 62 cents a share, topping the 56-cent average of 19 analysts’ estimates compiled by Bloomberg. Adjusted sales, excluding changes in deferred revenue, were $2.41 billion, beating estimates of $2.2 billion.
This quarter, Activision sees profit of 3 cents a share, excluding items, below the 15-cent average of eight analysts’ estimates. Adjusted revenue will be $525 million, less than estimates of $787.6 million. The company has no major packaged good titles set for release before March, Bobby Kotick, chief executive officer, said in an interview. The first-quarter forecast also doesn’t incorporate a new Blizzard release.
Activision rose 0.9 percent to $12.66 at the close in New York and has gained 2.8 percent this year.
Through December, Activision sold 21.5 million units of its “Call of Duty” shooter franchise, the company said in an e- mail, citing data from NPD Group, Charttrack and GfK.
Activision stabilized subscriber defections from the Blizzard unit’s “World of Warcraft” online multiplayer games, after losing almost 1 million the previous quarter. The number of paying subscribers fell to 10.2 million from 10.3 million in October.
New Online Titles
The online multiplayer unit plans to release two new titles this year, Kotick said. He declined to provide the dates.
“They are hard at work at making sure they’re going to deliver things that are going to satisfy their audience,” Kotick said.
Activision hasn’t followed other traditional game companies in developing games for social platforms such as Facebook Inc.
The company is trying to boost sales with digital downloads of new game levels and an online subscription service for its core “Call of Duty” franchise. As of Jan. 31, it had 1.5 million people paying $49.99 annually for strategy guides and other content.
“You’re seeing shifts in platforms, shifts in places people are consuming interactive entertainment and stratification to very high-quality experiences,” Kotick said.
Digital revenue accounted for more than 34 percent of total sales for the year, the company said in the statement.
For all of 2012, Activision forecasts profit of 94 cents a share excluding items, on adjusted sales of $4.5 billion. Analysts project 97 cents on revenue of $4.55 billion.
Original:
Source: http://investor.activision.com/releasedetail.cfm?ReleaseID=647732Results said:For calendar year 2011, Activision Blizzard's GAAP net revenues were $4.76 billion, as compared with $4.45 billion for 2010. On a non-GAAP basis, the company's net revenues were $4.49 billion, as compared with $4.80 billion for 2010. The company delivered record calendar year GAAP and non-GAAP net revenues from digital channels,(1) accounting for a record of more than 34% of the company's total net revenues.
For calendar year 2011, Activision Blizzard's GAAP earnings per diluted share increased to $0.92, as compared with $0.33 per diluted share for 2010. On a non-GAAP basis, the company's earnings per diluted share grew 18% to a record $0.93, as compared with $0.79 per diluted share for 2010.
For the quarter ended December 31, 2011, the company delivered GAAP net revenues of $1.41 billion, as compared with $1.43 billion for the fourth quarter of 2010. On a non-GAAP basis, the company's net revenues were $2.41 billion, as compared with $2.55 billion for the fourth quarter of 2010.
For the quarter ended December 31, 2011, Activision Blizzard's GAAP earnings per diluted share were $0.08, as compared with a loss per share of $0.20 for the fourth quarter of 2010. On a non-GAAP basis, the company's earnings per diluted share were $0.62, as compared with $0.53 for the fourth quarter of 2010.
The company reports results on both a GAAP and a non-GAAP basis. Please refer to the tables at the back of this press release for a reconciliation of the company's GAAP and non-GAAP results.
Bobby Kotick, Chief Executive Officer, Activision Blizzard, said, "As we continue to strengthen our leadership position in interactive entertainment, our proven management team and talented employees delivered another extraordinary year of outperformance. With better than expected net revenues, record earnings, record operating margins, and having generated nearly $1 billion in operating cash flow, Activision Blizzard continues to set the industry success bar."
Kotick continued, "Blizzard Entertainment's World of Warcraft® maintained its leadership position as the #1 subscription-based MMORPG around the world(2) and Activision Publishing's Call of Duty®: Modern Warfare 3® was the #1-selling game.(3) Skylanders Spyro's Adventure™ was the biggest new IP launch in Activision's history and it is on track to become an important and sustainable franchise. We launched our online service, Call of Duty Elite, which is one of the fastest growing premium online services ever created."
Kotick added, "Our extraordinary employees around the world are focused on making 2012 another great year for our audience and stakeholders. Blizzard Entertainment plans to have multiple highly-anticipated titles to release, including Diablo® III, and Activision Publishing expects to release a new Call of Duty game. In addition, Activision Publishing expects to continue to grow Call of Duty Elite and launch Skylanders Giants™."
Selected Business Highlights:
-Activision Publishing was the #1 console and handheld publisher in the U.S. and Europe for the fourth quarter of 2011 and the #1 console and handheld publisher in the U.S. for the calendar year.(3)
-For the calendar year, in aggregate across all platforms in the U.S. and Europe, Activision Publishing's Call of Duty: Modern Warfare 3 was the #1 best-selling title in dollars, and Call of Duty: Black Ops was the #5 best-selling title in dollars.(3)
-In November 2011, Call of Duty: Modern Warfare 3 became the first video game ever to surpass $775 million in retail sales in its first five days of release and the only entertainment property to cross the $1 billion mark in 16-days, eclipsing "Avatar's" 17-day record.(4)
-As of January 31, 2012, more than seven million gamers have registered for Call of Duty Elite, including more than 1.5 million premium annual memberships the company has sold for the online service.(2)
-Call of Duty: Modern Warfare 3 players logged more than 639 million hours of online gameplay through December 31, 2011.(5)
-Total unique online gamers playing Call of Duty: Modern Warfare 3 were more than 12% greater than the total unique online gamers who played Call of Duty: Black Ops during the first two months after each game's release.(5)
-In North America and Europe, including accessory packs and figures, Skylanders Spyro's Adventure was the #8 best-selling game in dollars for the fourth quarter of 2011 and #1 selling kids' title in dollars in the calendar year.(3) Additionally, in North America, including accessory packs and figures, Skylanders Spyro's Adventure was the #10 best-selling title in dollars.(6)
-For the calendar year, Blizzard Entertainment had two top-10 PC games in North America and Europe with StarCraft® II: Wings of Liberty® and World of Warcraft: Cataclysm®.(3)
-Activision Blizzard purchased an aggregate of 61 million shares of its common stock for approximately $692 million in 2011.
Company Outlook
In March 2012, Activision Publishing expects to release the first Call of Duty: Modern Warfare 3 Content Collection, a compilation of content previously released to Call of Duty Elite premium members, on the Xbox 360 video game and entertainment system from Microsoft.
The company's first quarter 2012 outlook does not incorporate a new release from Blizzard Entertainment, but its calendar year 2012 outlook anticipates two releases from Blizzard Entertainment. In addition, the company's full year revenue outlook is expected to be impacted by a reduction of about $130 million in revenues from the company's lower margin distribution and affiliate title businesses and a negative year-over-year foreign exchange planning assumption of approximately $200 million.
Activision Blizzard Announces Record Fourth Quarter and Calendar Year 2011 Earnings
FINANCIAL HIGHLIGHTS
- CY 2011 EPS Grows by More than 17% Establishing New Company Record
- Company Achieves Record GAAP and Non-GAAP Operating Margins of 28% and 30%
- Company Generates Nearly $1 Billion in Operating Cash Flow
- Company Announces new $1 Billion Stock Repurchase Program
- Company Announces 9% Increase in Cash Dividend to $0.18 per Common Share
- Company Expects 2012 GAAP EPS of $0.63 and Non-GAAP EPS of $0.94
BUSINESS HIGHLIGHTS
- #1 Third-Party Interactive Entertainment Digital Publisher in U.S. and Europe in 2011
- Digital Revenues of $1.6 Billion Accounted for More than 34% of Total Revenues in 2011
- Call of Duty®: Modern Warfare® 3 was #1 Best-Selling Game for 2011
- Skylanders Spyro's Adventure™ was #1 Kids Video Game for 2011 with 20+ Million Toys Sold
- Call of Duty Elite Has 7+ Million Registered Users Including 1.5+ Million Annual Premium Members as of 1/31/12
- Blizzard Entertainment's World of Warcraft® Remains #1 Subscription-based MMORPG with Approximately 10.2 Million Subscribers as of 12/31/11
