Activision Blizzard had a solid Q1, so much so that the company has raised its forecasts for the full year as a result.<\/p>\n
Going into the second second quarter of the year, Activision Blizzard notes that a combination of Call of Duty<\/em>\u2019s recent triumphs and increased engagement as more and more people are kept home due to the COVID-19 pandemic and ongoing stay-at-home orders.<\/p>\n During the first three months of the year, Activision Blizzard calls out brands like Call of Duty<\/em>, World of Warcraft,<\/em> and King\u2019s Candy Crush<\/em> franchise for standout performance during the quarter. Call of Duty <\/em>in particular received its fair share of nods, with its free-to-play Warzone<\/em> offshoot hitting over 60 million players in under a month and Modern Warfare <\/em>setting a non-launch quarter sell-through record for the franchise.<\/p>\n For the quarter ending March 31, 2020, Activision Blizzard reported $1.7 billion in net revenue (GAAP). While that still makes for a decrease of $37 million year-over-year, Q1\u2019s net revenue managed to beat Activision Blizzard\u2019s previous forecast for the quarter by a good $148 million.<\/p>\n As tends to be the case, most of that revenue came from digital sources: $1.44 billion of Q1\u2019s net revenue came from digital channels, up from $1.39 billion during the same period last year. It\u2019s a similar story for net bookings, or net revenue excluding deferred income from certain online transactions like subscriptions. This year, Q1 net bookings came in as $1.52 billion, with $1.36 of that being digital and both improvements over the same metrics from Q1 2019.<\/p>\n Looking forward, Activision Blizzard expects to see net revenue around $1.69 billion for Q2, while it now expects the full year to bring in net revenue in the vicinity of $6.8 billion.<\/p>\n","protected":false},"excerpt":{"rendered":" Activision Blizzard had a solid Q1, so much so that the company has raised its forecasts for the full year as a result. Going into the second second quarter of the year, Activision Blizzard notes that a combination of Call of Duty\u2019s recent triumphs and increased engagement as more and more people are kept home […]<\/p>\n","protected":false},"author":2,"featured_media":112482,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-112481","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/posts\/112481","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/comments?post=112481"}],"version-history":[{"count":0,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/posts\/112481\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/media\/112482"}],"wp:attachment":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/media?parent=112481"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/categories?post=112481"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/tags?post=112481"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}