Activision Blizzard has released its figures for the three months to June 2010. Net income - as it calls it - is up from the same period in 2009, which stood at $195million, to $219 million. This is based on net revenues of $967m for 2010 compared to $1,308m in the same period of 2009.
According to CFO Thomas Tippl, "As expected, non-GAAP revenues and earnings were down as of the prior year due to a smaller release slate and continued weakness at retail in the Casual and Music genres."
That said, with StarCraft II launching in July, and Call of Duty: Black Ops due in November, the year ahead isn't looking to be a disaster for Acti-Blizz.
Tippl also pointed out that, "On June 30, we had no debt and approximately $2.9 billion in cash and investment. This quarter, we repurchased $242 million worth of stock, bringing this year's total purchases under the $1 billion authorization to approximately 31 million shares worth $334 million. And we also paid our first-ever dividend of $187 million."
So, even the stockholders are happy.
Finance fact fans can dig through the detail here.
According to CFO Thomas Tippl, "As expected, non-GAAP revenues and earnings were down as of the prior year due to a smaller release slate and continued weakness at retail in the Casual and Music genres."
That said, with StarCraft II launching in July, and Call of Duty: Black Ops due in November, the year ahead isn't looking to be a disaster for Acti-Blizz.
Tippl also pointed out that, "On June 30, we had no debt and approximately $2.9 billion in cash and investment. This quarter, we repurchased $242 million worth of stock, bringing this year's total purchases under the $1 billion authorization to approximately 31 million shares worth $334 million. And we also paid our first-ever dividend of $187 million."
So, even the stockholders are happy.
Finance fact fans can dig through the detail here.
Companies:
Activision Blizzard
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