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
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