Activision Blizzard revenue up 35% year-on-year
Activision Blizzard had a decent financial quarter, with revenue jumping 35 per cent to $2.38 billion.
Net bookings rose 26 per cent year-on-year to $1.86 billion, while net income rose a massive 87 per cent to hit $740 million. The company’s Activision division saw a 28 per cent revenue increase year-on-year, bringing in $580 million. That’s largely due to the success of Call of Duty: Modern Warfare 2, though monthly active users dipped two per cent year-on-year.
Blizzard brought in $435 million – a 62 per cent increase – in revenue. Praise for that rise can be split between Warcraft, Overwatch and Diablo.
“In our 33rd year, Activision Blizzard is performing exceptionally well,” CEO Bobby Kotick wrote.
“Every one of our key intellectual properties continues to grow year-over-year, with Call of Duty once again a key driver of growth. Mobile net bookings grew double digits including another record quarter for King. Pre-sales for Diablo IV are strong. And none of this would be possible without our people, who deliver excellence for our players every single day. We remain confident that our deal with Microsoft benefits competition, consumers, and job creation in markets around the world, especially in the UK. The CMA’s report today does not reflect these realities, and we will work aggressively with Microsoft to reverse it on appeal.”
These financial results were initially intended to be released after close of trading on April 27th, but were released earlier – after the CMA’s decision to block Microsoft’s acquisition of Activision Blizzard – to “answer questions” that had been answered in the firm’s earnings, according to a spokesperson speaking to GI.biz.
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