The lights are on
One day after the release of Call of Duty: Ghosts, Activision is reporting stronger than expected earnings for its third quarter. This comes on the back of last year’s Call of Duty and Skylanders titles, Diablo III on consoles, and Starcraft II: Heart of the Swarm.
Call of Duty: Ghosts, which has sold $1 billion to retail, and the latest installment in the $1.5 billion Skylanders franchise will be included in the year-end report come December 31. The company reports net revenues of $691 million against an outlook of $635 million. This is down from third quarter last year, which saw net revenues of $841 million.
Nine-month earnings are strong at $3.065 billion, which is only slightly down from last year’s $3.088 billion. Activision has been cautioning investors of a tough year as a result of the console transition.
Our TakeI’m interested to hear what CEO Bobby Kotick has to say on the upcoming earnings call. Reviews for Call of Duty: Ghosts have been a bit more varied than in past years, but the title is also launching on two additional platforms and could see significantly stronger sales because of upgrades.