Activision Blizzard Reports Successful First Quarter

May 7, 2009 1:59 PM

Publisher Activision started the year with a strong quarter, reporting better-than-expected revenue on strong performance from Call of Duty and World of Warcraft.

The company racked up net revenue of $981 million in the quarter ending in March 31, more than $120 million over its expectations. Notably, 32% of this revenue, or $314 million, came from the MMORPG segment--namely, World of Warcraft.

"Our better-than-expected first quarter results were driven by strong global consumer response to the Call of Duty and Guitar Hero franchises and Blizzard Entertainment's World of Warcraft, despite challenging economic times," said Activision CEO Bobby Kotick.

Nick Breckon

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sticktastic

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May 7, 2009 2:02 PM

What he meant was...

"Even tho the economy sucks, we were very happy to see people still feed their WoW addictions....I mean we need all 10 million subscriptions....we here at blizzard gotta eat ya know.."