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Activision forecast rocks up

Publisher raises its predictions for its third quarter and fiscal year on strong response to October and Thanksgiving weekend sales.

49 Comments

Activision has amended its forecast for the company's current financial year, ending March 31, 2008--and puts it down to the success of Guitar Hero III and Call of Duty 4: Modern Warfare.

For the company's third quarter, which ends December 31, Activision now anticipates record net revenues of $1.2 billion, and earnings per diluted share of 66 cents. This is an increase on the previous outlook of $1.1 billion and 51 cents per share.

For the current fiscal year Activision expects net revenues to break another record, and be $2.3 billion, and earnings per diluted share 75 cents, compared to the previous estimate of $2.1 billion and 55 cents per share.

Activision CEO Robert Kotick commented, "Due to the strong consumer response to our slate through October and strong retail sales over the Thanksgiving weekend, we are raising our financial outlook for the December quarter and the fiscal year."

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lemec78

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SO WHY ARE ANY OF YOU STILL HERE? AFTER WHAT HAPPENED TO JEFF THIS SITE IS COMPLETLY COMPRIMISED, BOO TO GAMESPOT!

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IIBlackknightII

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COD 4 sales did help activision growth now.The game is pretty good.

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evsky

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i am beowulf

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is0lati0n

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I agree Disturbia. About 10 of my friends on PSN play CoD4.

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disturbia666

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CoD 4 im sure had alot to do with the raise. Guitar hero III is great but I think CoD 4 was a bigger hit. Everyone i know spends all there time online with CoD 4 then i even hear About Guitar hero III

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Rakuho

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ok, whatever.

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Kaboom414

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cool

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infectedshrooms

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wow money

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BloodPhantom

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Jedilink, you win for pseudo-elitist of the day. I'm SURE a lot of people on here were well aware that IW is the developer of CoD. Don't come on a gaming board and boast about your amazing knowledge of things we are well aware of. And try to sound MORE arrogant next time.

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Geek12

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CoD4 FTW

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Snk211

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Jedilink109 : This news report thing sure makes it sounds like Activision sure made the whole game which sort of sounds funny. Give atleast a mention of Infinity Ward when your talking about Call of Duty 4. They are the ones who made the game great!

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ChickenHounk911

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Funny, I thought it would be Tony Hawk that rakes in all the money....(sarcasm) Call of Duty 4 set the bar pretty high up and I hope games only get better.

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Avatar image for Cube_of_MooN
Cube_of_MooN

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CoD 4 probably helped big time...

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Generic_Dude

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Rock Band FTW.

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Onenottoforget

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CoD4 ftw!~

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Mujambo

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I didn't know guitar hero was owned by activision, I know it was redoctane but didn't know they were owned by activision either. I should buy stock in video game companies

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Pete5506

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Call of duty 4 is just to good

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xmg0

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Both were greatt games.

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TurboBlue

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Ghostbusters did not suck, what the hell were you thinking?

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daveyf03

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Ok, but Ghostbusters for the NES still sucked.

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ChiefFreeman

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how well did Soldier of Fortune Payback fare in sales?

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RaiKageRyu

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Activision rocking on!

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mhump2002

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I knew I should have bought some stock in Activision after GH2 was released on 360.

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machew100

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As long as they use this money as an incentive to keep making more kicka** games, and not cheap out on anything, then it's all good news for me.

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chip1289

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good games equal big money and both of those games are awesome

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assault120

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Good for them

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Jedilink109

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I'm guessing NONE of you people on here know this but Activision didn't MAKE Call of Duty 4. Infinity Ward MADE the game. Activision just put it out is all. Not saying I dislike Activision or anything, I just kept seeing people say that Activision made the game...but they didn't.

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stjimmy222

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Both franchises should carry on greatly for years to come.

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thecoz01

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with it going like this there should definatly be a COD5

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Chief_Kuuni

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not bad at all

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Autobon

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FraserAlexander, Infinity Ward is one of Activision's game studios, so technically activision still deserves credit

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RebelMac

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Good news Activision. Hold on Atari.

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FraserAlexander

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Infinity Ward made CoD4 and Activision published it, there is a big difference for those who posted before me giving Activision credit for actually creating the game when they didin't.

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teirdome

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CoD4's multiplayer has kept Crysis on the shelf, it is simply too much fun. And really, Activision has been one of my favorite publishers since the MechWarrior 2 era, and I'm glad to see them doing better after a rough patch.

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uklegendkiller

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Good for activison when they make quality game's like Call Of Duty 4, it's not hard to see why. Keep up the hard work guy's.

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FlankerDFMax

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Good for them, COD 4 is truly a great (though way too too short) game, and someone should go over there and beat a couple of their execs senseless with a cooked cauliflower for foisting SOF:Payback in it's release state on all of us. Take that you souless profiteers! LOL!

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NnethKe

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Thanx for COD4, hehehe, what a game...

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xgalacticax

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thats what happens when u make a game like call of duty 4.

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Warfust

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Glad to see they are doing well, now where is my custom faceplate?

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weisguy119

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I guess they should be able to afford a full recall for GH3 on the Wii due to the mono only sound issue, then. It would be pretty crappy to stick their customers with an inferior copy of the game while they're raking in the money.

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DonutTrooper

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I find this sucess slightly ironic as it seems Guitar Hero III and Halo 3 remind me of eachother. They were both great works of innovation at the beginning. If you had either a PS2 with guitar hero or an Xbox with Halo and extra controllers you were THE man! But today building off the sucess newer, more innovative and different games are made, like how COD 4 wiped 360s clean of Halo 3 discs (at least everyone on my friends lists) and how Rock Band has brought new light to the genre.

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NecrODesigN

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niceee

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wiifan001

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Activsion doing quite well. I wish Rare and Nintendo were still together.

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PS360Fanboy

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Nice to see Activision doing so well :)

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devil_1994

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cool

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rock_solid

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good for them! COD4 rocks!

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destinhpark

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Indeed.

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Mad_simon_000

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Cool, Guitar hero rocks on

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