Activision reports $1.05 billion net revenue in Q2, $4.6 billion in cash

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Activision Blizzard reported net revenue of $1.05 billion for the second quarter of 2013, down from $1.08 billion in 2012's quarter. The company has no debt and $4.6 billion in cash and assets, and raised $466 million in cashflow so far this year, it said during its financial call.

Activision attributes its revenue from sales of Skylanders: Giants, which was the No. 1 console game, in dollars, in the US and Europe during the first half of 2013, and Call of Duty: Black Ops 2. The Skylanders franchise passed $1.5 billion in retail sales worldwide since launch.

Activision raised its outlook for the year, now expecting to earn $4.31 billion in net revenue, rather than $4.22 billion. The outlook doesn't include impact from its deal with Vivendi, where Activision bought back most of Vivendi's shares for $8 billion. The public holds the majority of shares in Activision.

This article was originally published on Joystiq.