You will be redirected back to your article in seconds

Activision Blizzard Points to ‘Enduring Nature of Franchises’ for Record Quarter

Activision Blizzard’s net revenue for its first quarter this year was up nearly 14% compared to the same period last year, with the company hitting a first-quarter record of $1.97 billion, the company reported Thursday. It also reported that first-quarter profit rose to $500 million from $426 million last year.

The news comes after Dow Jones accidentally posted the company’s earnings prematurely, setting off a tumultuous afternoon of trading until it was halted shortly after 2 p.m. ET. Dow Jones erroneously reported Activision’s revenue considerably lower than it was. Earlier concerns that the tremendous success of battle royale game “Fortnite” would somehow eat into Activision Blizzard’s profits do not seem to have been born out.

Rather, the company said that the record results show that it can still deliver strong showings despite not having any game releases in a quarter. The rise in revenue and profit illustrates, the company said, the “enduring nature of our franchises and our shift to a games-as-a-service model.”

The quarter saw higher engagement from players in games like “World of Warcraft,” “Hearthstone,” “Overwatch,” and “Call of Duty: WWII.”

“As we look ahead, our innovative core gaming pipeline, as well as initiatives like mobile, esports, and advertising, will continue to drive growth for our business,” said Bobby Kotick, chief executive officer of Activision Blizzard, in the earnings report.

Activision Blizzard plans to hold an earnings call Thursday afternoon after the close of the market.

More Gaming

  • 'Roblox' Revenue Up 87% Year-Over-Year to

    'Roblox' Revenue Up 87% Year-Over-Year to $92 Million (Analyst)

    Activision Blizzard’s net revenue for its first quarter this year was up nearly 14% compared to the same period last year, with the company hitting a first-quarter record of $1.97 billion, the company reported Thursday. It also reported that first-quarter profit rose to $500 million from $426 million last year. The news comes after Dow […]

  • Double Fine and iam8bit's 6th Annual

    Double Fine and iam8bit's 6th Annual Day of the Devs Returns This November

    Activision Blizzard’s net revenue for its first quarter this year was up nearly 14% compared to the same period last year, with the company hitting a first-quarter record of $1.97 billion, the company reported Thursday. It also reported that first-quarter profit rose to $500 million from $426 million last year. The news comes after Dow […]

  • 'Dota 2' Treasure Update Adds New

    'Dota 2' Treasure Update Adds New Item Bundles, Loot Odds

    Activision Blizzard’s net revenue for its first quarter this year was up nearly 14% compared to the same period last year, with the company hitting a first-quarter record of $1.97 billion, the company reported Thursday. It also reported that first-quarter profit rose to $500 million from $426 million last year. The news comes after Dow […]

  • 'Mutant Year Zero: Road to Eden'

    'Mutant Year Zero: Road to Eden' Trailer Introduces New Details

    Activision Blizzard’s net revenue for its first quarter this year was up nearly 14% compared to the same period last year, with the company hitting a first-quarter record of $1.97 billion, the company reported Thursday. It also reported that first-quarter profit rose to $500 million from $426 million last year. The news comes after Dow […]

  • Steam's China Userbase Swells to Over

    Steam's China User Base Swells to Over 30 Million

    Activision Blizzard’s net revenue for its first quarter this year was up nearly 14% compared to the same period last year, with the company hitting a first-quarter record of $1.97 billion, the company reported Thursday. It also reported that first-quarter profit rose to $500 million from $426 million last year. The news comes after Dow […]

  • Rockstar Employees Speak Out About Working

    Current Rockstar Employees Speak Out About Working Conditions

    Activision Blizzard’s net revenue for its first quarter this year was up nearly 14% compared to the same period last year, with the company hitting a first-quarter record of $1.97 billion, the company reported Thursday. It also reported that first-quarter profit rose to $500 million from $426 million last year. The news comes after Dow […]

  • This Is How Weapon Specializations Work

    This Is How Weapon Specializations Work in 'Battlefield V'

    Activision Blizzard’s net revenue for its first quarter this year was up nearly 14% compared to the same period last year, with the company hitting a first-quarter record of $1.97 billion, the company reported Thursday. It also reported that first-quarter profit rose to $500 million from $426 million last year. The news comes after Dow […]

More From Our Brands

Access exclusive content