MCV/DEVELOP News, events, research and jobs from the games industry
Activision Blizzard has reported its financial results for the first quarter of its fiscal 2012.
The company’s total net revenue was $1.17bn for the period ending on March 31, 2012; a 23 per cent drop over the same period in 2011 ($1.44bn).
Net income was down year over year as well, with Acti-Blizz reporting $384m for Q1 2012 as compared to $503m in the same period the year prior.
Activision itself was responsible for $271m (23 per cent ) of segment net revenues, down compared to the $323m reported in Q1 2011. Blizzard accounted for $251m (21 per cent) of segmented net revenues, down from $357m last year.
Activision Blizzard expects to report a non-GAAP Q2 net revenue of $805m due to Diablo 3, Prototype 2, and The Amazing Spider Man.
As for 2012 in general the company projects $4.2bn in net revenue, with Call of Duty: Black Ops 2 and World of Warcraft’s Mists of Pandaria expansion slated in the period to likely assist hitting the figure.
