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Vivendi reports Activision Blizzard’s revenues up 9% for first half of 2011

Activision Blizzard

For the first half, Activision Blizzard’s revenues were €1,857 million, a 9.0% increase (+14.2% at constant currency) compared to the first half of 2010. EBITA reached €833 million, a 34.4% increase (+40.1% at constant currency). These results benefited from the accounting principles requiring that revenues and related cost of sales associated with games with an online component be deferred over the estimated customer service period. The balance of the deferred operating margin was €378 million as of June 30, 2011, compared to €318 million as of June 30, 2010.

This performance was driven by record digital sales of Activision Blizzard’s online-enabled franchises, which increased by more than 20% in the first half, driving record operating margin.

Looking to the balance of the year, Activision Blizzard has numerous releases and its audiences will be especially excited by three key properties:  Call of Duty: Modern Warfare 3™, the new online service  Call of Duty Elite and  Skylanders Spyro’s Adventure™.  As of August 3, 2011, pre-orders for  Modern Warfare 3  (launch expected on November 8, 2011) have significantly exceeded the pre-orders for Black Ops at this time last year.

During the first half of 2011,  Activision Blizzard purchased approximately 43  million shares of its common stock, for an aggregate price of approximately $479 million, under the stock repurchase program authorized in February 2011. As of June 30, 2011, Vivendi held 63% interest (non diluted) in Activision Blizzard.

Full earnings report here (pdf)

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Activision Blizzard Announces Better-Than-Expected Q2 2011 Financial Results

- Q2 Net Revenues Up Year Over Year; Record EPS Increases Over 66% Year Over Year -
- For Six-Month Period Net Revenues Up; Record EPS Increases Over 50% Year Over Year -
- For Six-Month Period Net Revenues from Digital Channels Grow More Than 20% Year Over Year -
- Company Increases Full Year Outlook for Net Revenues and EPS -

SANTA MONICA, Calif., Aug. 3, 2011 /PRNewswire/ – Activision Blizzard, Inc. (Nasdaq: ATVI) today announced better-than-expected financial results for the second quarter of 2011.

In the quarter, the company delivered record GAAP net revenues of $1.1 billion, as compared with $967 million for the second quarter of 2010.  On a non-GAAP basis, the company’s net revenues were $699 million, as compared with $683 million for the second quarter of 2010.  For the second quarter, the company delivered record GAAP net revenues from digital channels, representing a 27% increase year over year, and accounting for 37% of the company’s total net revenues.  On a non-GAAP basis, record net revenues from digital channels increased 13% year over year, accounting for more than 60% of the quarter’s total net revenues.

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Activision Blizzard Reports Q1 Financial Results, EPS Up 40%

Activision Blizzard Announces Record First Quarter Financial Results
- Q1 Net Revenues and EPS Ahead of Prior Year and Prior Outlook -
- Q1 GAAP EPS Increased 40% and Non-GAAP EPS Up 44% Over Prior Year -
- Q1 Net Revenues from Digital Channels Grow 30% -
- Company Increases Full Year Outlook for Net Revenues and EPS -

SANTA MONICA, Calif., May 9, 2011 /PRNewswire/ – Activision Blizzard, Inc. (Nasdaq: ATVI) today announced better-than-expected financial results for the first quarter of 2011.

For the quarter ended March 31, 2011, Activision Blizzard’s GAAP net revenues increased to $1.4 billion, as compared with $1.3 billion for the first quarter of 2010.  On a non-GAAP basis, the company’s net revenues were $755 million, as compared with $714 million for the first quarter of 2010.  For the first quarter, GAAP net revenues from digital channels increased 30% year over year, accounting for 30% of the company’s total net revenues.  On a non-GAAP basis, net revenues from digital channels also increased 30% year over year, accounting for more than 50% of total net revenues.

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Activision Blizzard Reports Year End 12-31-10 Results, Record Operating Cash Flow Of $1.4b

All numbers in millions of U.S. Dollars.

Consolidated results (GAAP) three months ended Dec. 31, 2010

  • Net Revenue – $1,427  [compared to $1,557 for three months ended 12/31/09]
  • Net Income (Loss) – $(233) [compared to $(286) for three months ended 12/31/09]

Consolidated results (GAAP) fiscal year ended Dec. 31, 2010

  • Net Revenue – $4,447  [compared to $4,279 for fiscal year ended 12/31/09]
  • Net Income (Loss) – $418 [compared to $113 for fiscal year ended 12/31/09]

Full press release and link to financial statements after the break.

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Vivendi Reports First Nine Months of 2010 – EBITA Increases 10 Percent

First Nine Months of 2010
• Revenues: €20,869 million, an increase of 6.9% compared to the same period last
year.
• EBITA1: €4,670 million, an increase of 10.0%, due in particular to Activision Blizzard.
• GVT: very fast revenue and margin growth. New increase in 2010 outlook.
• Adjusted net income2: €2,214 million, up 4.8%.

2010 Outlook Confirmed
• Increase in EBITA
• Adjusted Net Income 2010 higher than 2009
• €1.40 per share dividend for fiscal year 2010

Activision Blizzard results after the break.  Full press release at the link.

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Activision Blizzard Announces Better-Than-Expected Q3 2010 Results

All numbers in millions of U.S. Dollars.

Consolidated results three months ended 09/30/10

  • Net Revenue - $745  [compared to $703 for three months ended 09/30/09]
  • Net Income (Loss) – $51 [compared to $15 for three months ended 09/30/089

Full press release and link to financial statements after the break.

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Vivendi First Half 2010: Growth in all Financial Indicators

• Vivendi First Half 2010: Growth in all Financial Indicators
􀂃 Revenues: +6.1%
􀂃 EBITA: +11.9%
􀂃 Adjusted Net Income: +4.0%
• Improved Outlook for 2010
• Revenues: €13.982 billion, up 6.1% compared to first half 2009.
• EBITA1: €3.243 billion, up 11.9%, due in particular to Activision Blizzard, SFR and
GVT.
• GVT: growth and profitability well above the acquisition business plan; new
increase in 2010 outlook.
• Adjusted Net Income2: €1.526 billion, up 4.0%.
• 2010 Outlook Improved:
o Increase in EBITA,
o Adjusted Net Income 2010 higher than 2009,
o €1.40 per share dividend for fiscal year 2010.

Activision Blizzard results after the break.  Full press release at the link.

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Activision Blizzard Announces Q2 CY 2010 Financial Results, Outperformed EPS Outlook

All numbers in millions of U.S. Dollars.

Consolidated results three months ended 06/30/10

  • Net Revenue - $967  [compared to $1,038 for three months ended 06/30/09]
  • Net Income (Loss) – $219 [compared to $195 for three months ended 06/30/09]

Full press release and link to financial statements after the break.

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Vivendi: First Quarter Revenues Up 6%, EBITA Up 14.1%, 2010 Outlook Confirmed

• Revenues: €6.9 billion, an increase of 6.0% compared to first quarter 2009.
• GVT brings growth (+36.5%1 in revenues) and profitability (+46.8%1 in adjusted EBITDA). Annual guidance has already been improved.
• EBITA2: €1.6 billion, an increase of 14.1% and 14.7% at constant currency. Very good results from Activision Blizzard and SFR.
• Adjusted net income3: €736 million, an increase of 13.4%.
• 2010 guidance confirmed: slight increase in EBITA and high dividend maintained.

Activision Blizzard results after the break.  Full press release at the link.

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Activision Blizzard Announces Significantly Better-Than-Expected First Quarter CY 2010 Financial Results

All numbers in millions of U.S. Dollars.

Consolidated results three months ended 03/31/10

  • Net Revenue - $986  [compared to $690 for three months ended 03/31/09]
  • Net Income (Loss) – $381 [compared to $189 for three months ended 03/31/09]

Full press release and link to financial statements after the break

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