Activision's Third Quarter

Net revenues in Activision's third quarter rose a robust 39 percent, increasing to $268.9 million versus $193.5 million in the same period one year ago. Net income increased to $22.3 million against $15.7 million in the third quarter of last year. Strong sales of Toy Story 2 and Quake III Arena led Activision's publishing revenues up 89% for the quarter. The results mark the best third quarter in Activision's history. "Our record revenues and earnings for the quarter can be attributed to our strategy to focus on branded products with proven audience appeal and leverage these brands across multiple platforms," said Activision CEO Robert Kotick, "our year-to-date net income grew 91% and operating margins increased 102%."