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[Joystiq]ActiBlizzard looses $108 mil

707 Views 9 Replies 9 Participants Last post by  Zulli85, 
OmegaNemesis28
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Publishing powerhouse Activision Blizzard (or "A.B. Atta' Boy" to its friends) has released its fiscal quarter results for the three-month period ending September 30. Overall, the company incurred a $108 million net loss, with a bulk of that (at least $188 million) from costs related to the merger with Vivendi Games. Top games for the quarter were Call of Duty 4, Guitar Hero: Aerosmith, GH: On Tour and money gusher World of Warcraft.

As part of its September quarter fiscal results, Activision Blizzard has announced that it has "authorized a stock repurchase program under which the company can repurchase up to $1 billion of the company's common stock." The company's stock price has been in decline since September (and has taken a noticeable hit today, too). While the motivations aren't known, it is likely in part to increase the earnings per share. Don't feel too bad for A.B., though. After all, Wrath of the Lich King is just around the corner.

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T
That's pocket change for them.
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sLowEnd
Doesn't seem like that big of a loss. (Especially given the condition the economy is in right now)
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MrSpock2002
Once the WoW expansion comes out we'll see about a 600 Million + increase if not more.
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default501x
seeing as how they make ~$150 a year per WoW subscriber, and there are over 9 million subscribers, they make over a billion a year from JUST WoW. i would say they arent too worried...
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FieryCoD
Release Starcraft 2 and Diablo 3 soon, for supreme profit.
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S
Wow, that's a lot of dough but for an empire like ActiBlizzard it's nothing.. WOTLK, Diablo 3, Starcraft 2... They will be swimming in money.
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Zulli85
WotLC+SCII+DIII= A LOT of profit for AB.
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Jarhead
All that money and Starcraft: Ghost still nowhere to be found.
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Zulli85
2
Quote:


Originally Posted by Jarhead
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All that money and Starcraft: Ghost still nowhere to be found.


Assumng you heard that Ghost got canceled like 2 years ago?
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