ALL THE LATEST NEWS ABOUT THE BUSINESS OF PC GAMES

News

Activision Blizzard revenue clocks in $177m higher than expectations

Activision Blizzard revenue clocks in $177m higher than expectations

Publishing giant Activision Blizzard beat its net revenue expectations for the last financial quarter.

For the three months ending September 30th, the firm made $1.3bn in net revenue, $178m ahead of the $1.1bn it expected it would make for the period. Even coming in higher than anticipated, net revenue is still down 15 per cent on the $1.5bn it made for the same period during 2018, though the firm was recognising revenue from Bungie's Destiny franchise at the time.

“Our third-quarter results exceeded our prior outlook for both revenue and earnings per share,” CEO Robert Kotick (pictured) said.

“Recent launches have enabled significant growth in the size of our audiences for our Call of Duty and World of Warcraft® franchises. As we introduce mobile and free-to-play games based on our franchises we believe we can increase audience size, engagement and monetisation across our wholly owned franchises. With a strong content pipeline and momentum in mobile, esports and advertising, we are confident we will remain a leader in connecting and engaging the world through epic entertainment.”


Editor - PC Games Insider

Alex Calvin is a freelance journalist who writes about the business of games. He started out at UK trade paper MCV in 2013 and left as deputy editor over three years later. In June 2017, he was hired to launch PCGamesInsider.biz for Steel Media before departing the firm in October 2019.

He has also written for GamesIndustry.biz, VGC, Games London, The Observer/Guardian and Esquire UK.

Comments

No comments
View options
  • Order by latest to oldest
  • Order by oldest to latest
  • Show all replies