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Activision Blizzard Exceeds Q1 Revenue Expectations, Nets $619M Profit – The Esports Observer

Activision Blizzard said Tuesday that Call of Duty and its mobile division King helped drive financial results for Q1 2021 well beyond analysts’ expectations. In Q1 Activision Blizzard reported revenue of $2.28B USD, well above its prior outlook of $2.02B, up 27.2% compared to $1.79B in the same period of last year.

The company revealed that the increase in revenues was primarily driven by its popular shooter series, Call of Duty, with its 2020 releases Warzone and Black Ops Cold War. In total the Activision Publishing business vertical increased its revenues by 72% year-over-year and drove monthly active users to 150M in Q1.

In total, the company recorded a quarterly net income of $619M or $0.79 earnings per share (EPS), up 22.6% compared to $505M in Q1 2020.

Note: A more robust analysis of Activision Blizzard’s Q1 2021 results from TEO is forthcoming.

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Esports Observer

The Esports Observer is the world’s leading source for essential esports business news and insights. As the esports business authority of the western world, TEO enables companies to make informed decisions for their business. We offer a comprehensive industry database covering entities from personalities to companies and games, real-time business intelligence, and insight reports. Through TEO’s business conferences and events, we connect industries and individuals alike. Our ultimate goal is to increase transparency and foster growth in the industry we love: esports.

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