Activision Blizzard announced its financial results for Q2 2021, reporting record-breaking revenue of $2.29 billion, an increase of 18% compared to the same quarter last year. The company’s net bookings were $2.14 billion, up from $1.93 billion in 2020, while net income soared 53% YoY to $876 million. Activision Blizzard attributed its strong performance to the success of its franchises, including Call of Duty, World of Warcraft, and Candy Crush, and its recently launched mobile game, Crash Bandicoot: On the Run. The company has also raised its full-year outlook for revenue, net bookings, and earnings per share.
Activision Blizzard reports record breaking quarterly revenue
Overview
Activision Blizzard, one of the world’s leading gaming companies, has announced its financial results for the quarter ended June 30, 2021, and they are better than ever before. The company’s revenue for the quarter has come in at a record-breaking $2.29 billion, surpassing its own expectations and beating the market consensus.
The Numbers
The company’s net revenue for the quarter was $2.29 billion, up from $1.93 billion in the same quarter last year. Net bookings, which include sales and in-game purchases, were $2.14 billion, up from $1.93 billion a year ago. The company has also reported a net income of $876 million, representing an increase of 53% year-over-year.
Factors Contributing to Revenue Growth
Activision Blizzard attributes its strong quarterly performance to the continued success of its popular franchises including Call of Duty, World of Warcraft, and Candy Crush. The company’s recently launched mobile game, Crash Bandicoot: On the Run, has also contributed to its revenue growth.
Outlook for the Future
With the increasing popularity of gaming, Activision Blizzard is confident about its future outlook. The company has announced that it is raising its full-year outlook for revenue, net bookings, and earnings per share. It has also announced that it will release several new games in the second half of 2021, including Diablo II: Resurrected, which is highly anticipated by fans of the franchise.
Conclusion
Activision Blizzard’s record-breaking quarterly revenue is a testament to the company’s ability to create and maintain successful franchises. Its performance is also indicative of the growing popularity of gaming as a form of entertainment. With promising outlook and exciting new releases, it is safe to say that Activision Blizzard’s success story is far from over.