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11/25/2014 5:13:36 PM
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$500 million was SELL IN and not THROUGH. The number being spoken out is $370 million based on 6.5 million copies sold. And is a far cry from the hoped for numbers of 10 million +
Next you speak of increased PROFITS by 78%..... JUST STOP!
for shame.
Q3 2013 was just prior to PS4 and XBOX ONE launch, nobody was buying games, and the Q was awful ,OF course profits are way up.
Add to that Q3 2014 had a new major new game in the Q which q3 2013 did not. you are comparing Qs that are polar opposites as if they should be compared. Q3 213 had no new consoles, no new game..... Q3 2014 had 2 new consoles and a major new game, of -blam!-ing course there should be a huge pop in both revs and profits, if they did not get these numbers the company would have be crushed. As it is the stock took a nose dive on destiny's numbers! Doubt me? well the charts don't lie.
So not $500 million and 78% is a bullshite number to any sane investor. (Those of us who read the Qs saw through that right away...)
The only thing saving the stock in the last month or so was winning the lawsuit and saving $250 Mill.
Oh, the Destiny money has hardly even shown up in Q3, the monies booked are those deferred from other big game releases earlier in the year, so I really don't know wtf you are talking about trying to pretend the 78% profit increase is directly related to destiny
I strongly suggest you at least read the Q notes if you don't understand the numbers.
English
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Admittedly, I went for the cliff notes and just summarized the press releases. In these they summarize that Destiny was a "big" contributor, and more than 2/3's of sales were from online purchases of which Destiny DLC and the full game were a notable amount. Additionally, sales and profits both beat estimates, so it was still a good quarter in perspective. Also, if Destiny pulled in $370million by September alone, I would expect them to have made another $130million over the course of another quarter which puts us at $500 million as I mentioned. Even based on last quarter, if the revenue was $370million, that should still cover all costs to date related to Destiny so they are still in the black. Stock movement does not indicate the health of a company, only the attitude of investors. Most investors are not sane and are overly sensitive.
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Edited by Gary : 11/25/2014 6:01:11 PMDestiny income is mostly deferred and not included in Q3, instead the bump is based mostly on the other two big games they released in I think Q1. so without ATVI telling us the numbers, ( and they have decided not to as of yet) we cant be sure exactly how well Destiny is doing. one would expect any gaming company to try to smooth the earnings it just makes sense. To me ATVI should be beating with a large stick for holding back on numbers, they started doing this when they saw the COD franchise getting in trouble, so with they are playing close to the chest. Myself I think if the numbers were truly strong they would have crowed from the roof tops. Stock price is complex AND just because there was a correlation between destiny's release and a stock price drop , does not mean it was causal.
