$1bn Q2 revenues for Activision

Activision made over $1bn in revenues during the June financial quarter, the firm reported this evening.

Results for the second quarter 2009 saw GAAP net revenues at $1.038bn. Non-GAAP net revenues were $801 million.

It was the fourth consecutive quarter that the publisher has posted consecutively increasing revenues.

Despite beefing up its market share, however, the firm cut its projected 2009 revenue expectations by $300 million, to $4.05 billion as it confirmed slipped dates for a few key titles StarCraft II and Prototype.

In a conference call to investors, its financial boss Thomas Tippl said the firm was optimistic but still ‘cautious’ about the market given the situation in the global economy.

X-Men Origins, Transformers: Revenge of the Fallen, Ice Age: Dawn of the Dinosaurs, plus Prototype were cited as key games for the quarter.

Robert Kotick, CEO of Activision Blizzard, commented: "Since our merger one year ago, we have delivered better-than-expected financial performance for four consecutive quarters.

"Our second quarter overperformance was driven by Activision Publishing’s Prototyp, Transformers: Revenge of the Fallen, X-Men Origins: Wolverine and the Guitar Hero and Call of Duty franchises, as well as Blizzard Entertainment’s World of Warcraft."