Thanks in large part to the success of Destiny, Activision this afternoon crushed Wall Street’s expectations with an impressive Q3 earnings report.
The publisher posted a non-GAAP Q3 EPS of $0.23, which was 10 cents better than analyst estimates. It also made $1.17 billion in revenue over the past three months, an increase from $657 million just one year ago.
Destiny, the first-person shooter developed by Bellevue-based Bungie, now has more than 9.5 million registered users since debuting on Sept. 9. The game grossed $325 million in its first five days on the market after retailers spent a whopping $500 million to stock store shelves. Activision noted that the average Destiny user spends three hours per day playing the game.
Destiny is Bungie’s first non-Halo game since it spun off from Microsoft in 2007, and launched on the PlayStation 4, PlayStation 3, Xbox One, and Xbox 360. It was the most pre-ordered new IP in video game history.
