Activision Blizzard: Kotick on 'Over Performance'

Activision/Blizzards has released its earnings for report for the financial quarter ending September 30th 2010. The company has net revenues of $857 million compared to its forecase of $725 million, which is good.

In terms of actual comparison to the same period last year, the company saw net revenues of $703m for the three months to Septemeber 30th 2009.

Looking into the financial data shows that costs and expenses for this period stood at $690m compared to $694m in the same period in 2009.

Net income was also a postitive with $51m coming into the coffers for the 2010 period compared to $15m in 2009.

So, basically, it's done very well indeed.

Robert Kotick, CEO of Activision Blizzard, told investors that, Our better-than-expected results are due to our leadership in online entertainment, including strong performance from Activision Publishing's Call of Duty franchise, and Blizzard Entertainment's World of Warcraft and StarCraft II: Wings of Liberty."


He was also very definite in highlighting that Activision/Blizzard was not tied to traditional boxed-games - and important commercial position to be in right now, "For the nine months ending September 30, 2010, our digital offerings contributed close to half of our total non-GAAP net revenues and our digital revenues have increased more than 15% over the prior year. Most importantly, we continue to deliver some of the world's best games."

With all this good news, Bobby was able to tell investors that "As a result of our over-performance, we are raising our calendar year 2010 net revenue and earnings outlook. We expect to deliver the most profitable year in our history with record operating margins."

More from the report as the day goes by.