Activision Blizzard revenues increase

9 Feb 2012  by   John Robertson
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Activision Blizzard has revealed their latest financiasl and net revenues are up  to $4.76 billion from $4.45 billion for 2010. 
For the quarter ended December 31, 2011, the company delivered  net revenues of $1.41 billion, compared with $1.43 billion for the fourth quarter of 2010.
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 and Activision Publishing’s Call of Duty: Modern Warfare 3 was the #1-selling game.  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.
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.
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.
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.
Call of Duty: Modern Warfare 3 players logged more than 639 million hours of online gameplay through December 31, 2011.
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.
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. Additionally, in North America, including accessory packs and figures, Skylanders  Spyro’s Adventure was the #10 best-selling title in dollars.
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.
Activision Blizzard purchased an aggregate of 61 million shares of its common stock for approximately  $692 million in 2011.  
Call of Duty is largest interactive franchise ever in the US and Europe
Call of Duty ELITE: 7M+ members including 1.5M annual premium members
Call of Duty China in development as free to play with microtransactions

Blizzard are set to release two titles this year, Diablo 3 and one other title.

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