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Post by Eorl @ 10:36am 07/05/14 | 8 Comments
Activision Blizzard has reported a net revenue of $1.11 billion for the first quarter of its 2014 fiscal year, largely driven by the success of two of its mainline franchises - World of Warcraft and Diablo 3: Reaper of Souls - however the recently-released free-to-play card battler Hearthstone: Heroes of Warcraft has also pushed the revenue further.

The reported financials are far higher than February's earnings report, which was projecting a $885 million, though it is a slight drop from its $1.32 billion earnings during the same period of 2013. Net revenue from digital platforms has accounted for 34 percent of the Q1 financials, a staggering increase to the already falling physical sales the industry is experiencing.

Diablo 3's Reaper of Souls expansion claimed the number one PC title in terms of dollars, with Skylands: Swap Force and Call of Duty: Ghosts gaining number one and two respectively across the North America and Europe markets. Swap Force was also noted as the number one-selling children's game for the quarter, in terms of dollars.

In World of Warcraft news, Blizzard did note that while WoW is still number one on the subscription-based MMORPG market, it has dropped in player subscriptions. Approximately 7.6 million players are still subscribed to the game, down 200,000 since the last financial report and 700,000 down from the year-over-year.

In the report, CEO Bobby Kotick cited the above titles for the first quarter's successing, noting that continued sales of Skylanders and Call of Duty titles also contributed to the better-than-expected results. Additionally, based on its first quarter results, Activision is raising its financial outlook for the fiscal year to $4.22 billion in net revenue.

"We have a strong product pipeline for the balance of the year, beginning with the Sept. 9 planned launch of Destiny, which we believe could become our next billion dollar franchise and the largest new videogame IP launch in history," Kotick said in a statement.

activision blizzardfinancial reportblizzard entertainmentbobby kotick

Latest Comments
Posted 10:52am 07/5/14
I hadn't reailsed that Actiblizzard made skylanders, but it all makes perfect f*****g sense now ><
Posted 10:53am 07/5/14
Yeah you haven't seen the Activision logo on the game?

Skylanders is huge for them!
Posted 01:25pm 07/5/14
I don't play Skylanders, I just fork out the $
Posted 05:56pm 07/5/14
What is Skylanders and where did it come from? Why is it so popular?

I have no idea where it came from, but it was everywhere just all of a sudden one day.
Posted 10:56pm 07/5/14
Console game for kiddies that offers stand alone collectable figurines that unlock extra content in the game.

F*****g genius.
Posted 07:41am 08/5/14
Console game for kiddies that offers stand alone collectable figurines that unlock extra content in the game.

F*****g genius.

Yeah hence why it makes sense to Hog that it is Activision

Pay $80.00 for the game + Portal
Pay $50 each year for a new addon game
Pay $5-$25+ for characters to play

Then there is the merch

Mega Blocks, Lunch Boxes, School Bags, Posters, Shirts, etc etc etc f***en huge
Posted 07:57am 08/5/14
Ah yeah, forgot the merch.
Posted 09:20am 08/5/14
Blizz is one of the only companies that have existed for more than 10 years and basically nothing they've made is trash. Sure.. D3 was trash for a while there, but they've pretty much fixed that. If only BF4 could receive the same treatment.
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