Activision Fourth-Quarter Profit Tops Estimates While Forecast Falls Short

[Ail]

NiKKoM said:

Ail said:

NiKKoM said:
There is something really wrong with the industry when you have that much revenue and so little net income....

They are making a killing but you have to delve in the numbers to understand that....

 

With the game they play with defered revenue the only way to look at how they do is on a yearly basis.

In 2011 they had 4.7 billion$ net revenue and 1.085 billion$ net income............( not sure how you can call that net income low...)

I only read the OP so for the quarter with the mega blockbuster COD 99 million net income from 1.41 billion revenue is low..

That is because like for the last 3 years they defered most of CoD revenue for the next quarters. It's not like it's news, every gaming company does that shit........

Three Months Ended December 31, 2011		Net Revenues	Cost of Sales - Product Costs	Total Costs and Expenses
GAAP Measurement		$	1,407	483	$	1,382
	Less:  Net effect from deferral in net revenues and related cost of sales	(a)		1,001	209		243
	Less:  Stock-based compensation	(b)		-	-		(43)
	Less:  Restructuring			-	-		(2)
	Less:  Amortization of intangible assets	(d)		-	(2)		(50)
	Less:  Impairment of goodwill	(e)		-	-		(12)
Non-GAAP Measurement		$	2,408	690	$	1,518

 

Three Months Ended December 31, 2011		Operating Income	Net Income
GAAP Measurement		$	25	$	99
	Less:  Net effect from deferral in net revenues and related cost of sales	(a)		758		549
	Less:  Stock-based compensation	(b)		43		33
	Less:  Restructuring			2		1
	Less:  Amortization of intangible assets	(d)		50		31
	Less:  Impairment of goodwill	(e)		12		12
Non-GAAP Measurement		$	890	$	725