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Activision beats expectations despite sales slump

Net sales for the quarter ended September 30th stood at $188.2 million (€147.2 million) compared to $222.5 million (€174 million) for the same period a year before. However, the publisher still managed to beat its projected Q2 outlook of just $130 million (€101.7 million).

Net income details were not made available, ahead of a review of Activision’s stock option grant practices by the US Securities and Exchange Commission.

Activision CEO Robert Kotick said: “Our second quarter net revenues exceeded our expectation and were driven by improving market conditions and the success of our franchises including Call of Duty, Guitar Hero and World Series of Poker, as well as our distribution and affiliate businesses.

“We are optimistic about our exciting holiday line-up, although we remain cautious of the many variables that can affect the holiday selling season, including software pricing and the introductions of PlayStation 3 and Wii.”

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