Activision Blizzard reported Q2 2021 revenue of $2.3bn and net income of $876m, beating analysts’ expectations due to strong sales from its marquee franchises Call of Duty, World of Warcraft, and Candy Crush. The company also achieved a new peak of 150 million monthly active users across its franchises, with Call of Duty Mobile surpassing 500m downloads. Activision Blizzard is optimistic about the future, with Diablo II: Resurrected and Diablo Immortal releases upcoming, while the company’s merger with Tencent is expected to increase its growth potential in the Chinese gaming market.
Activision Blizzard Announces Strong Financial Results for Q2 2021
Overview
Activision Blizzard, a leading video game company, has announced its financial results for the second quarter of 2021. The company reported revenue of $2.3 billion and net income of $876 million, beating analysts’ expectations.
Revenue Breakdown
The strong financial results were driven by the company’s marquee franchises, including Call of Duty, World of Warcraft, and Candy Crush. Activision’s revenue was divided as follows:
- Call of Duty: Continues to be a massive source of revenue for the company, with strong sales from both Call of Duty: Warzone and Call of Duty: Black Ops Cold War.
- World of Warcraft: The MMORPG also exceeded expectations and experienced growth due to the release of the Burning Crusade Classic expansion.
- Candy Crush: The popular mobile game remains a consistent source of revenue for the company.
Company Achievements
Activision Blizzard’s CEO, Bobby Kotick, highlighted some of the company’s key achievements in the second quarter:
- The company reached a new peak of 150 million monthly active users across its franchises.
- Call of Duty Mobile surpassed 500 million downloads.
- Both Call of Duty and Candy Crush set new records for in-game net bookings.
Future Outlook
Activision Blizzard is optimistic about the future based on the strong performance in the second quarter. The company has several highly anticipated releases coming up, including Diablo II: Resurrected and the mobile game Diablo Immortal. The company is also focusing on expanding the reach of its existing franchises, including Call of Duty and Overwatch.
Additionally, Activision Blizzard recently announced that it is merging with the gaming giant, Tencent, to create a new company that will focus on the Chinese market. This move is expected to significantly increase the company’s growth potential in the largest gaming market in the world.
Conclusion
Activision Blizzard’s strong financial results for the second quarter of 2021 are a testament to the company’s success in creating and expanding its iconic franchises. With a solid slate of upcoming releases and a new partnership with Tencent, the company is well-positioned for continued growth and success in the future.