Activision Blizzard Q2: $1.05bn net revenue, $4.6bn in cash and assets

Activision Blizzard has announced financial results for the second quarter of its current fiscal year, reporting net revenue of over $1bn for the period.

The $1.05bn earned by Activision during the three month period was just under the $1.08bn brought in by the firm during the same portion of 2012. The company is currently debt-free and carries $4.6bn in cash and assets.

The publisher credits Call of Duty: Black Ops II and, more specifically, Skylanders: Giants for driving quarterly revenue. The game was the top selling console title during the first half of 2013 in both US and Europe, and has surpassed $1.5bn in retail sales since its launch.

Activison also stated in its related financial call to investors that it raised $466m in cashflow so far this year.

With the results in hand, the company has raised its outlook for the year to $4.31bn –versus the $4.22bn projected last quarter.

It should also be noted that the outlook doesn’t take Activision’s recent purchase of itself from Vivendi into consideration.

About MCV Staff

Check Also

Super Rare Games announces new publishing label, Super Rare Originals

"We're taking an 'indie-first' approach, as we believe publishers should feel honoured to work with developers, rather than the power dynamic being the other way around, as is often the case."