Gaming stalwart Activision has reported the best financial results in the company’s history.
Following some shrewd licensing deals and cornering the extreme sports market quite effectively, the company has further leveraged its position with id Software and other top-notch developers to bring us blockbusters including Spiderman and Soldier of Fortune.
The company’s net revenues came to $110.6 million, up 31% on last year.
Robert A. Kotick, Chairman and CEO of Activision, said, "This is the most exciting period in the video game industry's history. The successful launches of the PlayStation 2 and Game Boy Advance, as well as the upcoming launches of additional new game systems this fall, will lead to substantial growth and increased opportunity for Activision.”
"We're especially delighted with the continued performance of our action sports titles, including our recently launched Mat Hoffman's Pro BMX for the PlayStation and Tony Hawk's Pro Skater 2 for Game Boy Advance. Action sports continue to be one of the largest and fastest-growing genres in video games. With more than 60 marquee athletes signed, and the success of games based on Tony Hawk and Mat Hoffman, Activision continues to be a leader in this category.”
Activision has also confirmed several projects for next generation consoles, consolidating its chances of maintaining this upturn.