August 4, 2006 |
Video game publisher Activision Inc. posted a wider loss for its fiscal first quarter on lower sales, but the results were better than expected and shares rose in after-hours trading. For the quarter ended June 30, the Santa Monica-based company posted a loss of $17.8 million, or 6 cents a share, compared with a loss of $3.6 million, or a penny a share, during the same period a year earlier. The results included a penny a share in stock options expenses. Sales fell 22% to $188.
July 23, 2003 |
Activision Inc., the nation's second-largest video game publisher, posted lower quarterly sales and profit Tuesday but still beat expectations as the company pursued a new strategy of developing fewer but bigger titles. Sales fell 17% to $158.7 million in its fiscal first quarter. Spring is typically the industry's slowest period. Net income dropped nearly 80% to $4.2 million, or 4 cents a share. Activision earned $20.
September 27, 2007 |
Activision Inc., maker of the "Guitar Hero" video games, has bought Britain-based developer Bizarre Creations to add car-racing titles. Terms weren't disclosed. Bizarre will release its first title under the deal after the 2009 fiscal year, Santa Monica-based Activision said. Activision's expansion into racing games is part of its efforts to attract more casual players through less complicated games.
November 6, 2007 |
Activision Inc. rocked its fiscal second quarter, amped by sales of its "Transformers" video game and "Guitar Hero" franchise. The game publisher strummed up revenue of $317.7 million in the quarter ended Sept. 30, up 69% from a year ago, stomping Wall Street's expectations of $262 million, according to analysts polled by Thomson Financial. "They had a stellar quarter," said Michael Pachter, a Wedbush Morgan Securities analyst.
December 2, 1997 |
Santa Monica software developer Activision Inc. said it acquired video game distributors CentreSoft Ltd. of Britain and NBG Distribution of Germany for a combined $48.6 million in stock, expanding its access to retailers in Europe. Activision issued 2.8 million shares valued at $44.2 million for CentreSoft, a closely held company that had sales of $70.2 million for the 12 months ended in April. Activision acquired NBG for 281,000 shares valued at $4.4 million. Closely held NBG had sales of $19.
August 1, 2008 |
Activision Blizzard Inc. reported a strong profit for its fiscal first quarter Thursday, in contrast to losses posted earlier this week by its video game industry rivals THQ Inc. and Electronic Arts Inc. Santa Monica-based Activision said net income doubled to $59 million, or 18 cents a share. Sales rose 32% to $654.2 million on the strength of its Kung Fu Panda game and two new titles based on its Guitar Hero franchise.
January 23, 2003 |
Video game publisher Activision Inc. on Wednesday reported record revenue and profit for its fiscal third quarter but slashed sales projections nearly 25% for the year ahead, citing fundamental shifts in the $10-billion U.S. market. The Santa Monica firm had net income of $44.3 million on revenue of $378.7 million in the quarter ended Dec. 31. A year earlier, it posted $39.1 million in profit on revenue of $371.3 million.
February 15, 2001 |
A dozen of the biggest video game publishers jointly filed a series of lawsuits against four Web site operators this week for allegedly distributing pirated software over the Internet. The complaints, filed Monday in U.S. District Court in San Francisco, allege that Dashiell Ponce De Leon of Houston, John Sterling of Beaumont, Texas, Byron Beck of Monrovia and Kuei Lin Lo of Amherst, Mass.
July 31, 2001 |
Activision Inc. filed to sell about 5 million of its shares, worth about $177 million at latest prices, in a public offering. The video game maker's shares, which have quadrupled over the last year, closed off $2.48 at $35.39 on Nasdaq, before the news was announced. The offering will increase Activision's outstanding shares by 15% to 38.3 million, according to the filing with the Securities and Exchange Commission.
August 4, 2003 |
Like hard-core gamers poring over a strategy guide, investors and analysts are scrutinizing obscure entries in the financial reports of video game publishers. Two items in particular -- reserves and expense capitalization -- are getting attention in the search for clues as to why the Securities and Exchange Commission issued sweeping requests in July for information from the industry's leading companies: Activision Inc., THQ Inc., Midway Games Inc. and Acclaim Entertainment Inc.