Debt-free Activision posts strong numbers

MCV Staff 8th November 2012 Business News

Activision Blizzard has announced its financial figures for Q3 2012, with the firm showing increases seemingly across the board.

The publisher reports $841m earned in net revenue during the period ending on September 30th. The total outshines both its outlook of $740m and the $754m made during the same period in 2011.

Activision’s Chief Financial Officer Dennis Durkin added that the company was free of debt and had the massive amount of nearly three and a half billion dollars designated to cash and investments.

"On September 30th, we had no debt and $3.4bn in cash and investments," Durkin confirmed during the company’s earnings call.

The company points to Diablo III, World of Warcraft: Mists of Pandaria, and Skylanders as its major revenue drivers for the quarter.

With the newly revealed figures in mind, Activison has raised its yearly outlook from $4.3bn to $4.6bn.

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