The lights are on
During a conference call that recapped Activision’s 2011 financial earnings, the publisher announced a new Call of Duty title, recounted Skylander’s unusual financial success, and talked about Blizzard’s two 2012 releases.
It’s no surprise that Activision is making money. During 2011, Activision Blizzard's GAAP net revenues were $4.76 billion, up from $4.45 billion in 2010.
Activision CEO Bobby Kotick said, "As we continue to strengthen our leadership position in interactive entertainment, our proven management team and talented employees delivered another extraordinary year of outperformance. With better than expected net revenues, record earnings, record operating margins, and having generated nearly $1 billion in operating cash flow, Activision Blizzard continues to set the industry success bar."
Here are some other interesting highlights from the company’s financial recap:
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