Activision posted net revenues Wednesday for the first quarter of the fiscal year 1999, which ended on June 30, at nearly US$52 million compared with $26.5 million earned in the same period last year.
However, Activision posted a net loss of nearly $4 million, due in part to the acquisition of HeadGames Publishing, also on June 30.
"Looking ahead, we remain committed to focusing our development and publishing resources on market-proven brands," said Robert Kotick, chairman and CEO of Activision. "Our aim is to expand our portfolio of franchise properties and deliver a diverse product slate that appeals to both casual game players and core gaming enthusiasts. Our recent agreement with Disney Interactive and our acquisition of Head Games reinforce our commitment to migrate our product offerings toward a broader consumer market, expand the franchises we control, and grow our share of the console marketplace."
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