Activision, Inc. has announced financial results for the second fiscal quarter ended September 30, 2007.

Nett revenues for the quarter were a record US$317.7 million, a 69% increase, as compared to nett revenues of $188.2 million reported for the same quarter last fiscal year. Nett income for the second fiscal quarter was $0.7 million, or break-even earnings per share, as compared to a net loss of $24.3 million, or a loss per share of $0.09 reported for the second quarter of last fiscal year.

Nett revenues for the six-month period were $813.2 million, as compared to nett revenues of $376.2 million reported for the six-month period of last fiscal year. Nett income for the first six months was $28.5 million as compared with a nett loss of $42.6 million for the same period last fiscal year. Robert Kotick, Chairman and CEO of Activision, stated, "Our second quarter nett revenues were the highest in our company's history and we ended the quarter with $962 million in cash and short-term investments. We significantly strengthened our development capabilities through our acquisition of Bizarre Creations, a proven top-tier developer of racing games which will facilitate our entry into this important segment."

Kotick continued, "During Q3, we shipped more units of our internally developed, wholly owned franchise, Guitar Hero III: Legends of Rock, than any other game in Activision's history. Within the first seven days, consumer sell through was more than $100 million in North America alone - our largest product launch ever. Our third-quarter slate is expected to deliver our strongest quarterly results to date, with forecasted nett revenues in excess of $1 billion. The eagerly anticipated Call of Duty 4: Modern Warfare will launch tomorrow, and all of our holiday titles in North America will be in retail distribution by mid-week. We are continuing to leverage our strong portfolio of franchises across key geographies and gaming platforms. As a result of our strong performance in the first six months of the fiscal year, and our solid third quarter release slate, we are raising our fiscal year 2008 net revenues and earnings outlook."

For the full fiscal year, the company expects nett revenues of $2.07 billion.