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Activision’s Q1 financial results
Posted by Lisa on July 15, 2008 at 04:25 PM

Activision Blizzard has announced Activision’s stand alone financial results for Quarter 1 of 2009. The first quarter of Activision’s fiscal year 2009 ended on the 30th of June 2008, before the transaction with Vivendi was closed on the 9th of July.

Activision expects higher net revenues for the first quarter, approximately $650 million up from the prior outlook of $500 million.

The publisher’s performance was driven by Kung Fu Panda’s launch across North America early in Q1. Kung Fu Panda took the title of largest launch of a DreamWorks Animation licensed property by Activision.

The Guitar Hero franchise also set two North American launch records late in Q1. Guitar Hero: On Tour became the largest North American launch for the Nintendo DS in Activision’s history while Guitar Hero: Aerosmith ranked as one of Activision’s top-five North American multiplatform launches.

“Activision’s first quarter stand-alone net revenues and earnings were the highest ever for a non-holiday quarter,” stated Robert Kotick, President and CEO of Activision Blizzard, Inc.

“We are extremely excited about the additional possibilities created by the completion of our combination with Vivendi Games last week and remain very optimistic about the long-term opportunities. 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.”

Tags: activision, financialresults, news
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