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11/25/2014 5:49:29 PM
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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.
