Activision Blizzard Announces $1.05 billion GAAP Net Revenues for Second Quarter 2013

Activision Blizzard Fiscal Q2 2013 Report

In the latest financial report to hit the international video games industry, Activision Blizzard has released a fiscal overview of the second quarter for 2013 in which you will see the words “number one” mentioned so many times you’ll eventually get the picture. In just one fiscal quarter the often criticized company has managed to pull $1.05 billion GAAP Net Revenue and cites the following reasons as just some of the ways they have accomplished that. For those who have been living under a rock, some time ago Activision merged with Blizzard Entertainment forming what we now see today as basically the largest company around when it comes to making money at producing top-selling video games worldwide.

Excerpt from the Official Press Release:

“Selected Business Highlights:

  • For the first six months of 2013, Activision Blizzard was the #1 third-party publisher in North America and Europe combined.¹
  • For the first six months of 2013, Activision Blizzard had the top-two best-selling games in North America and Europe combined, with Activision Publishing’s Skylanders® Giants™ and Call of Duty: Black Ops II.¹
  • In both North America and Europe, Activision Publishing’s Skylanders Giants was the #1 best-selling console and hand-held game overall in dollars for the first six months of 2013.¹
  • As of July 31, 2013, the Skylanders franchise has generated, life-to-date, more than $1.5 billion in worldwide retail sales.¹
  • As of June 30, 2013, Blizzard Entertainment’s World of Warcraft® remains the #1 subscription-based MMORPG, with approximately 7.7 million subscribers.²
  • On July 25, 2013, Activision Blizzard announced that it reached an agreement under which the company will acquire approximately 429 million company shares and certain tax attributes from Vivendi, in exchange for approximately $5.83 billion in cash, or $13.60 per share acquired before taking into account any future benefit from these tax attributes. In a related transaction, ASAC II LP, an investment vehicle led by CEO Bobby Kotick and Activision Blizzard Co-Chairman Brian Kelly, will purchase approximately 172 million company shares from Vivendi for approximately $2.34 billion in cash, or $13.60 per share. Following the completion of the transactions, which are expected to close by the end of September 2013, Vivendi will no longer be the majority shareholder, but will retain a stake of approximately 83 million shares, or approximately 12%.
  • During the quarter, Activision Blizzard paid a cash dividend of $0.19 per common share, totaling $216 million, to shareholders of record at the close of business on March 20, 2013.”

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