Activision has reported their earnings for the first quarter of 2013 today and it’s more than impressive. In just the span of three months, Activision claims to have earned $1.324 billion, which is a whopping $164 million above its predicted earnings.
Despite these phenomenal sales numbers, CEO Bobby Kotick was still concerned about the second half of 2013, even with a new Call of Duty on the way!
“While we have had a solid start to the year, we now believe that the risks and uncertainties in the back half of 2013 are more challenging than our earlier view, especially in the holiday quarter,” Kotick said.
“The shift in release dates of competing products, the disappointing launch of the Wii U, uncertainties regarding next-generation hardware, and subscriber declines in our World of Warcraft business all raise concerns, as do continued challenges in the global economy,” he added. “For these reasons, we remain cautious. However, our focused and disciplined approach to our business has served us well in the past, and through continued investment and careful management of our costs, we expect to continue delivering shareholder value over the long term as we have for the last 20 years.”
Nevertheless though, Activision did raise their raise their expected net revenue for the year to $4.22 billion. And with no debt and $4.6 billion inn cash to shift around from 2012, we should expect nothing less than stellar entries from Activision games this year.