Activision releases record earnings report before merger
The middle of the biggest convention in the industry probably isn't the best time to trumpet some record earnings, but the fiscal calendar waits for no convention, as they say. Activision's first quarter in fiscal '09 (and their last quarter before officially becoming Activision Blizzard) was the best non-holiday quarter in the company's history, with revenues coming in at a whopping $650 million (well above the projections $500 million).
Unsurprisingly, the quarter's Guitar Heroes (both On Tour and Aerosmith) contributed a lot to the bottom line. More surprisingly, the Kung Fu Panda game also contributed a fair share, representing as Activision's largest Dreamworks-associated game to date. Now that's one large panda!
