Activision quarter profits double on Kung Fu Panda, Guitar Hero

by Jason Dobson { Jul 31st 2008 at 11:11PM }

After teasing its financial fortitude earlier this month, Activision continued to fill its already fat wallet during the most recent fiscal quarter, today announcing that the company more than doubled its profits to $59 million on record sales of $654 million, a 32 percent jump over the same time last year.

Unsurprisingly, both Guitar Hero: Aerosmith and On Tour played a key role in Activision's economic well-being, as did the tie-in with Dreamworks' Kung Fu Panda. Looking ahead, with Activision finally sewing up its mash-up with PC powerhouse Blizzard just weeks ago, the conglomerate now expects to report revenue of $636 million for the current quarter, and if we listen closely we can almost hear the coffers at Actilizzard bursting at the seams.

Tags: activision, activision-blizzard, breakingnews, profit, sales

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Reader Comments (Page 1 of 1)

rv @ Jul 31st 2008 11:38PM

but, jason dobson, what is the EPS? And the current ratio? And the roe?
we need to know...... :(

ToRo @ Jul 31st 2008 11:56PM

When you milk a franchise like that your bound to make some type of money.

halongw77 @ Aug 1st 2008 12:35AM

STFU Toro, it's not like they need to stop making Guitar Hero games. They are fun and people like to play them and as long as I'm still entertained by them and they are making money it'll keep happening. Idiot.

Mr.ESC @ Aug 1st 2008 12:43AM

Gentlemen Behold the future:

World of Guitar Hero:Kung Fu Panda Edition.

sinai @ Aug 1st 2008 1:47AM

the reason people keep making crappy movie games is because dumbass people keep buying them.

I BLAME YOU!

Wiinterfang @ Aug 1st 2008 10:36AM

Hey! I used to have Goldeneye 64 T_T.

Vcize @ Aug 1st 2008 12:06PM

Did you actually try Kung Fu Panda? For a movie game, it's actually quite good.

ScottG13 @ Aug 1st 2008 11:56AM

Hopefully, they start investing some of that loot in original IPs like EA with their Madden loot.

kftgr @ Aug 1st 2008 2:00PM

Kung Fu Panda is GOOD.

It beats the crap out of any movie tie-in game, and even many non-movie tie ins. At first when my wife got it, I was cringing that she picked up yet another movie based game, but this one is a real winner. Given the stigma of movie tie-ins, this is probably the most underrated game this year. For the record, got the 360 version...it's beautiful.