You gotta factor in the company went 4 years developing the game not bringing in any new money, and they continue to continue develop more for the game and maintain the game.
You also gotta factor in a chunk of that money went to taxes, to Activision, to marketing, and to pay off all the debt that piled up during the 4 years of no new games. On top of all of the other expenses for salaries, servers, and other infrastructure.
Not all those sales was pure profit.
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