Activision financials: Revenues hit $2.9 billion for FY 08

By Patrick Garratt, Friday, 9 May 2008 06:27 GMT

Activision has reported full-year financials of $2.9 billion for fiscal 2008, up 92 percent over the previous year.

Net income for the year was $345 million, or $1.10 per share, up from $0.28 per diluted share in fiscal 2007.

For the forth quarter ended March 31, the company reported net revenues of $602.5 million compared $312.5 in the same period in the previous year.

“Fiscal 2008 was the best year in our history and Q4 was the largest and most profitable non-holiday quarter, even though we did not release any new titles,” said Activision CEO Bobby Kotick.

“During the fiscal year, we were the #1 US console and handheld publisher in dollars for the first time ever, according to The NPD Group, and we grew our worldwide share of the console, handheld and PC markets year over year.”

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