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Blizzard's successful third quarter powered by Diablo III, new expansion mentioned

Jef Reahard

Acti-Blizz announced its financials for Q3 2012 and the company is sitting pretty. The $841 million in net revenue surpasses projections and its Q3 2011 counterpart. Activision also reported that it is debt-free and boasts $3.4 billion in cash and investments on hand as of September 30th.

Blizzard's Diablo III and its Mists of Pandaria expansion for World of Warcraft are the major revenue drivers, with the former selling over 10 million copies and claiming the mantle of best-selling game in both North America and Europe.

Blizzard president Mike Morhaime, speaking on the firm's latest earnings call, said that there is "an expansion planned for Diablo." He didn't elaborate, though, citing the "quality of the expansion and the gameplay" as major factors in determining any sort of development or release schedule.

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