Activision Reports $841 Million in Net Revenue
Activision Blizzard has reported third quarter revenue of $841 million.
The report is $100 million higher than what the company expected. Overall, Activision Blizzard has made more than $1 billion in operating cash flow.
“On September 30, we had no debt and $3.4 billion in cash and investments,” Activision Chief Financial Officer Dennis Durkin said.
Mists of Pandaria sold 2.7 million copies in its first week, while Diablo 3 has sold more than 10 million copies. An expansion was also announced for D3, but there’s no timeline for when it will be released.
Considering the company is getting ready to release Black Ops 2, Activision has raised its yearly projection from $4.3 billion to $4.6 billion.