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Activision Blizzard Announces Record Q1 Fiscal Year 2009 for Activision

Company: Activision
Product: Activision

Activision Blizzard should be off to a really good start, financially, considering the fact that Activision's stand-alone preliminary financial results for the first quarter of fiscal year 2009, (which ended on prior to the closing of the transaction with Vivendi), were higher than Activision's previously provided first quarter outlook. Actually, by these numbers, it was the best non-holiday quarter Activision's ever had, according to Robert Kotick, President and CEO of Activision Blizzard, Inc.

Activision's performance was driven by the North American launch of Kung Fu Panda early in the quarter, which was the largest launch of a DreamWorks Animation licensed property by Activision. Late in the quarter, Activision had two record-setting North American launches from the Guitar Hero franchise - Guitar Hero: On Tour, which was the largest North American launch for the Nintendo DS&tm; in Activision's history and Guitar Hero: Aerosmith, which ranked as one of Activision's top-five North American multi-platform launches.

Robert Kotick had this commented, "Both Activision and Blizzard Entertainment's businesses have maintained their momentum and Activision Blizzard is well positioned to exceed the financial goals set for the combined company."

Sounds like Activision Blizzard will have momentum, indeed.

-Geck0, GameVortex Communications
AKA Robert Perkins

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Game Vortex :: PSIllustrated