Activision released its third fiscal quarter financial results today, showing that the revenue generated in the past six months is expected to exceed $822.8 million–a jump from the $816.2 million generated in the same period last year. The company predicts that this quarter will be the most profitable in the company’s history, due to high sales of various titles, including Call of Duty 3, Marvel Ultimate Alliance, Tony Hawk Project 8, and Guitar Hero II.
Due to higher than expected legal expenses during an internal review of stock options, Activision has shifted the release date of Splash Damage’s upcoming online shooter, Enemy Territory: Quake Wars, to the 2008 fiscal year. Originally planned for release sometime in 2007, the game can still make the expected release date since fiscal year 2008 runs from April 2007 through March 2008. In other words, the game could be released in just over two months, or a year from now, and still be considered as a release in fiscal year 2008.
Robert Kotick, Chairman and CEO of Activision, commented, "Net revenues for the third quarter of fiscal 2007 are expected to be the highest in Activision’s history. Our results were driven by a smaller, high-quality game slate that was anchored by four key games–Call of Duty 3, Marvel: Ultimate Alliance, Tony Hawk’s Project 8, and Guitar Hero II. We remain optimistic about the long-term opportunities afforded by the new consoles, although we are cautious of the many risks that still exist as we transition from the current-generation console and handheld systems to the next-generation of hardware."
