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Activision Blizzard Sees Higher Than Expected Sales In Q1

socalTECH

The company reported net revenues of $1.111 billion, compared with an earlier expectation of only $885M in sales. The company explained that the numbers were driven by record digital sales of its franchises, which include World of Warcraft, Diablo, and Hearthstone: Heroes of Warcraft. billion in sales. READ MORE>>.

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Report: Snap's New Chief Business Officer Turning Around Ad Business

socalTECH

According to a report from CNBC , a new Chief Business Officer--Jeremi Gorman--has completely changed Snap's advertising business. billion in net worldwide ad revenue this year, a 30% increase over 2018, according to the CNBC report. What's behind the turnaround in the online ad business of Venice-based Snap ? READ MORE>>.

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THQ Seeks Buyer As Sales Slip

socalTECH

Agoura Hills-based videogame maker THQ is looking for a buyer, after reporting less-than-stellar results on Monday afternoon. The announcement came as the firm announced net sales of $107.4M The firm also reported a net loss of $21.0M. in revenues.

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Startups Should Focus On Their Net Profit Score Not Potential Promoters

InfoChachkie

As crazy as this scenario sounds, it is very similar to the “scoring process” companies engage in when they track Net Promoter Scores. A company''s Net Promoter Score (NPS) is a beloved metric slavishly tracked and reported by product marketing and customer support executives of both established and nascent enterprises.

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Call of Duty Modern Warfare 3 Tops $775M In Sales

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Santa Monica-based Activision reports this morning that sales of its latest Call of Duty title, Modern Warfare 3, have topped $775M worldwide, in what it says is its record setting five day worldwide sell through. READ MORE>>.

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Honey Acquired By PayPal For $4 Billion

socalTECH

PayPal said that the acquisition will "transform the shopping experience" for its consumers and also increase sales and customer engagement for its merchants. PayPal said that Honey was profitable on a net income basis in 2018, and that it expects the acquisition to be acrretive to its non-GAAP earnings per share in 2021.

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THQ Reports Loss

socalTECH

Agoura Hills-based video game maker THQ reported its yearly results Wednesday afternoon, reporting that it saw a net loss of $431.1M on sales of $830.0M. the firm lost on sales of $1,030.5M For the quarter, the firm said it had a net loss of $96.9M on net sales of $170.3M, compared with a net loss of $34.5M

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