ATVI » Topics » North America Publishing Net Revenues (amounts in thousands)

This excerpt taken from the ATVI 10-Q filed Aug 8, 2008.

North America Publishing Net Revenues (amounts in thousands)

 

Three Months
Ended
June 30,

 

% of
Consolidated

 

Three Months
Ended
June 30,

 

% of
Consolidated

 

Increase/

 

Percent

 

2008

 

Net Revenues

 

2007

 

Net Revenues

 

(Decrease)

 

Change

 

 

 

 

 

 

 

 

 

 

 

 

 

$

 392,916

 

60

%

$

309,536

 

62

%

$

83,380

 

27

%

 

North America publishing net revenues increased 27% from $309.5 million for the three months ended June 30, 2007 to $392.9 million for the three months ended June 30, 2008.  The increase primarily resulted from the releases of Guitar Hero: Aerosmith on the next-generation platforms and the PS2 and Guitar Hero: On Tour for the NDS in North America during the three months ended June 30, 2008. This compares to the first quarter

 

30



Table of Contents

 

of fiscal 2008 worldwide release of Guitar Hero II only on Xbox360.  Further, the continued momentum from Call of Duty: Modern Warfare across all platforms also contributed to the increase in net revenues.  North America publishing net revenues as a percentage of consolidated net revenues decreased slightly due to the international growth of the Guitar Hero and Call of Duty franchises, and the release of the LucasArt’s title Lego: Indiana Jones the Original Adventures in the three months ended June 30, 2008 in Europe and Asia. According to The NPD Group, for the quarter ended June 30, 2008, two of the top 10 products in the U.S. by revenue were from the Guitar Hero franchise.  This compares to the quarter ended June 30, 2007 releases of Spider-Man 3 and Shrek the Third and certain catalog titles sales.

 

These excerpts taken from the ATVI 10-K filed May 30, 2008.

North America Publishing Net Revenues (amounts in thousands)

March 31,
2007

  % of
Consolidated
Net Revenues

  March 31,
2006

  % of
Consolidated
Net Revenues

  Increase/
(Decrease)

  Percent
Change

 
$ 753,376   50 % $ 710,040   48 % $ 43,336   6 %

        North America publishing net revenues increased 6% from $710.0 million for the year ended March 31, 2006 to $753.4 million for the year ended March 31, 2007. Although the company released fewer titles in fiscal 2007, the high quality slate drove strong consumer demand and enabled the company to maintain pricing and record lower provisions for returns and price protection than in fiscal 2006. Net revenues were impacted by strong performances from Guitar Hero 2, Call of Duty 3, Marvel: Ultimate Alliance and Tony Hawk's Project 8. North America publishing net revenues increased as a percentage of consolidated net revenues from 48% for the year ended March 31, 2006 to 50% for the year ended March 31, 2007. The increase in the percentage of consolidated net revenues is due to a combination of strong performance in North America and a decrease in our international publishing net revenues due to a smaller slate and a decrease in the number of affiliate titles in Europe released in fiscal 2007.

North America Publishing Net Revenues (amounts in thousands)




































March 31,

2007

 % of

Consolidated

Net Revenues

 March 31,

2006

 % of

Consolidated

Net Revenues

 Increase/

(Decrease)

 Percent

Change

 
$753,376 50%$710,040 48%$43,336 6%




        North
America publishing net revenues increased 6% from $710.0 million for the year ended March 31, 2006 to $753.4 million for the year ended March 31, 2007.
Although the company released fewer titles in fiscal 2007, the high quality slate drove strong consumer demand and enabled the company to maintain pricing and record lower provisions for returns and
price protection than in fiscal 2006. Net revenues were impacted by strong performances from
Guitar Hero 2, Call of Duty 3, Marvel: Ultimate Alliance
and
Tony Hawk's Project 8. North America publishing net revenues increased as a percentage of consolidated net revenues from 48% for the year ended
March 31, 2006 to 50% for the year ended March 31, 2007. The increase in the percentage of consolidated net revenues is due to a combination of strong performance in North America and a
decrease in our international publishing net revenues due to a smaller slate and a decrease in the number of affiliate titles in Europe released in fiscal 2007.



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