Activision Blizzard has posted strong Q1 results, with net income up 87%. The publisher has also forecast further growth, citing “strong” Diablo 4 pre-sales
“First quarter growth was broad-based, with net bookings increasing year-over-year in each of our five largest intellectual properties: Call of Duty, Candy Crush, Warcraft,“We continued to deliver strong results for our intellectual properties on the strategically-important mobile platform, with mobile net bookings growing double-digits year-over-year, driven by Candy Crush,Activision revenue during the first quarter was up 28% year-over-year, Blizzard revenue increased 62%, and King revenue...
Monthly active users during the quarter totalled 368 million, down four million year-over-year, following declines in the Activision and King segments, partially offset by growth in the Blizzard segment .pre-sales, the company also forecast significant year-over-year growth for the current quarter ending on June 30.
“Demand indicators for Diablo IV, which launches on June 6, are strong, although we continue to plan prudently,” it said. “We expect Activision Blizzard second quarter GAAP revenue to grow at least 10%, net bookings to grow at least 30%, and total segment operating income to grow at least 40%, in each case on a year-over-year basis.”Wedbush Morgan and Ampere Analysis weigh in on the CMA's decision to block the $69 billion merger
Looking further ahead, the publisher reiterated plans to release “the next full annual premium release” in the Call of Duty series, as well as
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
UK blocks Microsoft Activision Blizzard dealMicrosoft's $68.7bn Activision Blizzard deal has been dramatically blocked by UK regulators, following a months-long in…
Read more »
Microsoft plans swift end to FTC's Activision Blizzard deal concerns - reportLater today, the UK's Competition and Markets Authority (CMA) is set to give its verdict on Microsoft's proposed $69bn …
Read more »
Competition watchdog blocks Microsoft bid to buy video game maker Activision BlizzardThe British competition watchdog has blocked Microsoft's bid to buy video game maker Activision Blizzard.
Read more »
The UK regulator has blocked Microsoft’s acquisition of Activision Blizzard | VGCThe regulator has found the merger would lessen competition in cloud gaming; Microsoft says it will appeal decision…
Read more »
Microsoft's Activision Blizzard deal blocked by UK regulatorUK competition regulator, the Competition and Markets Authority, has blocked Microsoft's proposed takeover of Activision Blizzard to 'protect innovation and choice in cloud gaming.'
Read more »
UK blocks Microsoft's Activision Blizzard acquisitionUK watchdog blocks Microsoft's Activision Blizzard acquisition
Read more »