We are at that time of the year in which the companies begin to throw the results of Q1 2021. We have seen them this week with MTG, and today is the turn of Activision Blizzard.
In the results presented this Tuesday, the company highlighted its results from Call of Duty and its King mobile division, great architects of the momentum in financial results for the first quarter of 2021, far beyond the expectations that analysts had. In the first trimester, Activision Blizzard reported revenue of $ 2.28B, well above his forecast of $ 2.02B and a 27.2% increase compared to $ 1.79B in the same period last year.
The company revealed that the increase in revenue was primarily driven by its popular shooter, Call of Duty, with its 2020 releases of Warzone and Black Ops Cold War. Total, Activision Publishing’s business vertical increased its revenue by 72% year-over-year and it brought monthly active users to 150 million in the first quarter.
In total, the company recorded a quarterly net income of $ 619 million or earnings per share (EPS) of $ 0.79, an increase of 22.6% compared to $ 505 million in the first quarter of 2020.
Now it is understood the reason for that famous “variable” of its CEO and for which some raised the cry in the sky when coinciding in time with the dismissals of the esports division. In fact, there is no mention at all what esports mean for Activision Blizzard, which would be the data that interests us. Which is obviously not good news.
If we take into account how the company is growing due to its traditional business and the restructuring that they have suffered in their esports part … together with the audience data of the 4th season of Overwatch League, which are still not good enough … no it would be surprising if, once again, the Overwatch League is in question again.
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