05-08-2020, 10:55 AM
Activision Blizzard raises full year outlooks as Q1 revenue beats expectations
<div style="margin: 5px 5% 10px 5%;"><img src="https://www.sickgaming.net/blog/wp-content/uploads/2020/05/activision-blizzard-raises-full-year-outlooks-as-q1-revenue-beats-expectations.jpg" width="200" height="200" title="" alt="" /></div><div><p>Activision Blizzard had a solid Q1, so much so that the company has raised its forecasts for the full year as a result.</p>
<p>Going into the second second quarter of the year, Activision Blizzard notes that a combination of<em> Call of Duty</em>’s 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>
<p>During the first three months of the year, Activision Blizzard calls out brands like<em> Call of Duty</em>, <em>World of Warcraft,</em> and King’s <em>Candy Crush</em> franchise for standout performance during the quarter. <em>Call of Duty </em>in particular received its fair share of nods, with its free-to-play <em>Warzone</em> offshoot hitting over 60 million players in under a month and <em>Modern Warfare </em>setting a non-launch quarter sell-through record for the franchise.</p>
<p>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’s net revenue managed to beat Activision Blizzard’s previous forecast for the quarter by a good $148 million.</p>
<p>As tends to be the case, most of that revenue came from digital sources: $1.44 billion of Q1’s net revenue came from digital channels, up from $1.39 billion during the same period last year. It’s 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>
<p>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>
</div>
https://www.sickgaming.net/blog/2020/05/...ectations/
<div style="margin: 5px 5% 10px 5%;"><img src="https://www.sickgaming.net/blog/wp-content/uploads/2020/05/activision-blizzard-raises-full-year-outlooks-as-q1-revenue-beats-expectations.jpg" width="200" height="200" title="" alt="" /></div><div><p>Activision Blizzard had a solid Q1, so much so that the company has raised its forecasts for the full year as a result.</p>
<p>Going into the second second quarter of the year, Activision Blizzard notes that a combination of<em> Call of Duty</em>’s 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>
<p>During the first three months of the year, Activision Blizzard calls out brands like<em> Call of Duty</em>, <em>World of Warcraft,</em> and King’s <em>Candy Crush</em> franchise for standout performance during the quarter. <em>Call of Duty </em>in particular received its fair share of nods, with its free-to-play <em>Warzone</em> offshoot hitting over 60 million players in under a month and <em>Modern Warfare </em>setting a non-launch quarter sell-through record for the franchise.</p>
<p>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’s net revenue managed to beat Activision Blizzard’s previous forecast for the quarter by a good $148 million.</p>
<p>As tends to be the case, most of that revenue came from digital sources: $1.44 billion of Q1’s net revenue came from digital channels, up from $1.39 billion during the same period last year. It’s 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>
<p>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>
</div>
https://www.sickgaming.net/blog/2020/05/...ectations/