Activision Blizzard has just published its report for its first quarter 2021 earnings, and its outlook is bright.
Quarterly financial reports are something that all large companies need to file. They usually consist of a presentation and an earnings call, the transcript of which is made publicly available. Activision has just made its reports available, and quotes a “better than expected” Q1 performance.
The reports cover the three key areas of Activision’s business: Activision itself (largely focused on the Call of Duty franchise), Blizzard, and mobile gaming arm, King.
Activision boasted that Call of Duty users have tripled in the last two years, now having 150 million monthly active users across all titles. Blizzard continues to go strong too, largely down to World of Warcraft Shadowlands. Blizzard titles have had 27 million monthly active users.
King titles (notably Candy Crush and Farm Heroes) see a ridiculous 258 million monthly active users. Crash Bandicoot spin-off, Crash Bandicoot: On the Run has had 30 million downloads since it launched on 25th March.
Overall, Activision quoted first quarter revenues of $2.28 billion, as opposed to its estimated outlook of $2.02 billion. The bottom line? Video games are a big money business. And Call of Duty and Candy Crush aren’t going anywhere anytime soon.