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Activision profits almost triple in Q3

New Call of Duty confirmed for 2012, premium CoD Elite subs to hit one million this year

Activision has reported a significant rise in profits for its third financial quarter ended September 30.

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Profits almost tripled, from $51 million to $148 million (£92 million), while the publisher's net sales came in at $754 million (£469 million), up from $745 during the same three month period last year.

Over half of sales ($427 million) were generated from digital channels, Edge reports. Call of Duty: Black Ops was the top-selling console game in the US and Europe for the nine months to the end of September, while consumers have now bought 20 million Black Ops map packs.

Activision also said it expects premium Call of Duty Elite subscribers to hit one million by the end of 2011, and confirmed a new Call of Duty game for 2012.

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CEO Bobby Kotick said: "We continue to strengthen our position as the worldwide leader in interactive entertainment and the broadening of our audiences is confirmation that games are becoming as important as film and television as a mass-market form of entertainment.

"Our record nine-month results were driven the by the continued strength of our online-enabled franchises. Based on our third-quarter performance, stronger than expected consumer response to our new entertainment property, Skylanders: Spyro's Adventures, and Call of Duty: Modern Warfare 3, we are raising our full-year financial outlook and expect once again to deliver record operating margins and the highest earnings per share in our company's history."

Kotick added: "As we focus on 2012, we have a strong product pipeline which features a minimum of two highly-anticipated new titles from Blizzard Entertainment, including Diablo III, and a new Call of Duty game from Activision Publishing. As a result, we expect to deliver another year of profitable growth. I believe our unyielding commitment to excellence and our creative talent around the globe will continue to position Activision Blizzard as the leader in interactive entertainment."

[ SOURCE: Edge ]

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