It looks like the ax truly is mightier than the light saber.
Gaming titan Activision Blizzard
Second-quarter revenue is expected to be about $805 million, with earnings per share of a dime. Calendar 2012 should see sales of $4.5 billion with a profit of $0.95 per share. The company repurchased 22 million shares throughout the quarter for roughly $261 million.
The real story here is that Activision is turning the tide with its biggest cash cow, World of Warcraft, as subscribers were sequentially flat from last quarter at 10.2 million. WoW had been bleeding players, and investors had feared that Electronic Arts'
Sources: Earnings press releases and conference calls.
It's not as good as a subscriber gain would be, but it sure beats further subscriber losses. Star Wars: The Old Republic on the other hand, is losing padawans fast, losing nearly a quarter of its subscribers last quarter after the game launched late last year.
Activision recently announced that it renewed its license with NetEase
Diablo III has hit a new pre-order record for the company, and Activision is summoning its demons to arrive next Tuesday. Demons tend to be a punctual bunch, so mark your calendar for May 15.
Sorry, EA, but it looks like the Dark Side's not as tempting as you'd hoped.
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Fool contributor Evan Niu holds no position in any company mentioned. Check out his holdings and a short bio. The Fool owns shares of and has written calls on Activision Blizzard. Motley Fool newsletter services have recommended buying shares of Activision Blizzard and NetEase and creating a synthetic long position in Activision Blizzard. The Motley Fool has a disclosure policy. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.