It looks like Activision or Activision Blizzard is breaking expectations and setting new records whether you like it or not. According to a new report, after completing the second quarter, Nasdaq has published a piece on Activision reporting net revenue of $1.64 billion, an increase of 1% year-over-year (YoY), beating the company’s forecast of $1.35 billion.
Thanks to nasdaq.com we learn that the publisher over the annual franchise that is Call of Duty and other games has beaten expectations once again.
The report asserts that although Activision managed to deliver a slamming record quarter just three months ago, the company’s “conservative guidance” and cloudy future smogged up by the results of the growing battle royale genre had investors, as reported, “leaving the game.”
However, it turns out all of that was unfounded fluff, and Activision delivered yet another quarter that beat analyst expectations.
The report later touches on how players continue to spend in the publisher’s games, where Activision Blizzard is reported to have “delivered $1 billion in in-game net bookings” during the quarter and achieved “a record $2 billion so far this year.”
Values that contributed to the above milestones can be factored down to titles by King, which holds two of the top ten “highest-grossing” titles in the U.S. regarding mobile app stores for the 19th quarter in a row. And yes, this includes Candy Crush.
The Activision division also witnessed a record second-quarter through “in-game net bookings” thanks to titles such as Call of Duty: WWII, Call of Duty: Black Ops 3, and Destiny 2.
But that’s not all, Activision continues to bring in quite the audience as noted on its portfolio of games during the quarter. Additionally, the Activision branch brought in 352 million monthly active users.
As for the King division, it boasts 270 million monthly active users with players of the Candy Crush Saga seeing an increase YoY, and daily time spent clocking-in at 35 to 36 minutes.
As for the big bad B itself, Blizzard, its unit report comes in at 37 million monthly active users, with World of Warcraft (WoW) seeing “strong pre-orders.”
The Activision branch managed to pull in 45 million monthly active users. Call of Duty: WWII also managed to surpass its predecessor’s monthly active users.
Lastly, the report concludes with an outlook pertaining to the upcoming third quarter, where Activision is reported to “expect net revenue of $1.49 billion.” If you don’t know, that’s a decline of 7.9% YoY. The company is reported to bring in earnings per share of $0.16, which, again, is down 36% compared to last year’s quarter. For the full year, the company is predicting revenue to sit around $7.355 billion and adjusted earnings per share of $2.46.
As noted above, you can read the full report by hitting up nasdaq.com.
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