Activision Blizzard reports best-ever financial results in 2012

Activision Blizzard has announced better-than-expected financial results for the fourth quarter and calendar year 2012.

For calendar year 2012, Activision Blizzard delivered record net revenues of $4.86 billion, as compared with $4.76 billion for 2011. Net revenues from digital channels were $1.54 billion and represented 32% of the company’s total revenues. For the quarter ended December 31, 2012, the company delivered record net revenues of $1.77 billion, as compared with $1.41 billion for the fourth quarter of 2011.

Chief Executive Officer Bobby Kotick said: “We are very pleased to report that Activision Blizzard delivered the best performance in its history. With better-than-expected net revenues, record operating margins and record earnings, and over $1.3 billion in operating cash flow, we continue to set the industry success bar. I would like to thank our incredibly talented employees around the world for their passion, drive and creativity, which continues to fuel our success.”

In North America and Europe combined Activision Publishing was the #1 console and handheld publisher for the calendar year with the #1 and #3 best-selling franchises — Call of Duty and Skylanders. In aggregate across all platforms in the U.S. and Europe, Call of Duty Black Ops II was the #1 best-selling title in dollars. Skylanders Giants was the #1 best-selling kids’ title in dollars for the fourth quarter. The Skylanders franchise has generated, life-to-date, more than $1 billion in worldwide sales.

Blizzard Entertainment had two top-10 PC games in North America and Europe. Diablo III was the #1 best-selling PC game at retail, breaking PC-game sales records with more than 12 million copies sold worldwide through December 31, 2012, and World of Warcraft: Mists of Pandaria was the #3 best-selling PC game at retail. World of Warcraft remains the #1 subscription-based MMORPG, with more than 9.6 million subscribers.

Upcoming releases for the company include StarCraft II: Heart of the Swarm in March, and ongoing DLC content for Call of Duty: Black Ops II.

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