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Activision's revenue and profit rise, beat Street view

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(Globalpost/GlobalPost)

By Malathi Nayak

SAN FRANCISCO (Reuters) - Video game maker Activision Blizzard Inc reported stronger-than-expected second-quarter revenue and earnings, on robust digital sales of its "Call of Duty" and "World of Warcraft" game franchises.

Shares of Activision were unchanged in after-hours trading after closing at $22.36 on the Nasdaq on Tuesday.

“Digital revenue represented 73 percent of the total for the quarter and that’s a record for us," Chief Executive Bobby Kotick said in an interview. "'Call of Duty: Ghosts' is still the No. 1 on the next-generation consoles."

The Santa Monica, California-based company, also known for its "Skylanders" games, reported non-GAAP net revenue of $658 million in the second quarter, up from $608 million a year earlier. It beat the $608 million expected by analysts.The company's second-quarter non-GAAP income, adjusted for the deferral of digital revenue and other items, of 6 cents was two cents lower than a year ago but beat Wall Street's average estimate of 2 cents per share, according to Thomson Reuters I/B/E/S.

(Reporting by Malathi Nayak; Editing by David Gregorio and Steve Orlofsky)

http://www.globalpost.com/dispatch/news/thomson-reuters/140805/activisions-revenue-and-profit-rise-beat-street-view