Boston, MA 02/10/2014 (wallstreetpr) – Activision Blizzard, Inc. (NASDAQ:ATV) stock were on a rampage on Friday trading session in the market at the back of excellent Q4 results that the company posted. Activision Blizzard which is the largest video game company in the US and maker of exciting games such as Call of Duty and War craft beat consensus estimates with its fourth quarter results.
Activison Blizzard in numbers
The fourth quarter saw the company’s revenue come in at $2.27 billion an increase of $2.22 billion compared to similar quarter in F2012. The net profit for the company came in at 79 cents a share up from 72 cents that was posted a year ago the same quarter. The earning essentially beat consensus estimates of total revenues of $2.22 billion on an EPS of 73 cents.
The posting of the results caused Activision Blizzard shares to soar in the marketby 14% reach a high point of $19.30 a share. Had the shares closed at this point, this could have been the highest closing price on a split adjusted basis.
Call of duty bolstered the performance
Call of duty and world of Warcraft franchise performed above expectation causing the positive solid results for the quarter. The number one position that call of duty: Ghosts occupied in F2013 is perfectly depicted by the returns in revenue that the video game recorded during the quarter. Skylanders franchise is another gaming portfolio that recorded excellent results for the quarter recording global sales amounting to $2 billion for F2013 at the back of 175 million total toys sales.
StarCraft II : Heart of swam on the other hand was labeled the best and top selling PC game for the year ending 2013 with World of war craft maintaining its position as the best online game commanding a huge membership of 7.8 million subscribers.
The fortunes of Activision Blizzard could get even better in the coming days after the company announced that its sledgehammer studio was developing the next call of duty game that is to hit the market as early as November. Activison Blizzard is currently engaging a three year old development cycle that should give its team more time to polish, in a bid of delivering the best experience to fans with one of kind games.
