Activision Blizzard Lowers Revenue Guidance Over Title Delays

Posted Aug 6, 2009

Activision Blizzard has reported their Q2 2009 reports earlier this week.  The reports were as Wall Street expected.  The revenue guidance for 2009 lowered from $4.3 billion to $4.05 billion due to the delay of titles Singularity and StarCraft 2.  Analysts were expecting $4.9 billion in total revenue for the year.

Revenue for the quarter was $801 million which is what analysts were expecting.  EPS was $0.08 and analysts expected $0.07.  Revenue was generated by strong sales in titles such as PROTOTYPE, Guitar Hero World Tour, Call of Duty: World at War, and the Wolverine line of games.

[via BusinessInsider]