|Activision's revenues in past quarter dipped 18%|
|Posted: 07.11.2013 05:10 by||Comments: 0|
Activision-Blizzard revealed in an investor call that in the past quarter ending the 30th September, the publisher's revenue dipped 18% from this same time last year, while profits dropped 75% from year-to-year.
Of course, this doesn't include the massive success enjoyed yesterday when Call of Duty: Ghosts over $1B in sales in the first 24 hours, which raised Activision's full-year forecast slightly.
According to Bobby Kotick, "We continue to believe that the fourth quarter this year presents a unique and challenging landscape due to increased competition and uncertainties surrounding the console transition. We are confident in our ability to navigate these challenges successfully, particularly in light of the recent completion of our transaction with Vivendi and the focus and flexibility provided by our return to independence."
Activision also revealed that digital sales accounted for 59% of the company's revenues in the 3rd quarter.
Source: Games Industry BIZ