With Activision’s fiscal fourth quarter financial results released, the video game publisher now rivals Electronic Arts as the world’s largest video game publisher. For the quarter that ended on March 31st, Activision reported a net income of $44.2 million, which is certainly a jump from a loss of $14.4 million during the same period last year.
Net revenue for the company jumped 93% to $602.5 million, which exceeded the company’s own guidance of $350 million. The increased revenue and profit are attributed to excellent sales of Guitar Hero III and Call of Duty 4.
In a few weeks, Activision will merge with Vivendi SA to form a new publisher called Activision Blizzard. The deal is worth $18.9 billion; once the deal is completed, the publisher will certainly rival Electronic Arts for dominance in the gaming industry. Vivendi SA currently owns World of Warcraft developer Blizzard Entertainment; it’s expected all developers will remain as its own entity.
[Via AP]
