'True Crime,' 'Tony Hawk' drive sales
Vidgame publisher Activision reported a 10% increase in revenue to $947.7 million and 17% growth in new income to $77.7 million for its fiscal year ended in March.
Company said sales of its “True Crime: Streets of L.A.” and newest “Tony Hawk” sequel helped drive growth.
Fourth quarter was particularly strong, with net revenues up 30% to $162.9 million and net income of $6.7 million compared with an $8 million loss a year ago.
Company has high hopes for a number of Hollywood licenses in the upcoming year, including “Spider-Man 2” and “Shark Tales,” as well as the newest “Doom” sequel.
Activision stock closed up 1.5% at $15.68 before earnings were released Thursday.