Activision Blizzard has posted its Q1 2021 financial results, revealing revenue of $2.28bn, up 27% YoY, with a net income of $619m. Strong growth is attributed to popular games such as Call of Duty, World of Warcraft, and Candy Crush. The company’s user base grew 23% YoY to over 435 million, with Call of Duty earning over $1.2bn in revenue. Activision Blizzard’s CEO, Bobby Kotick, said the company plans to release several new games and expansions in the coming months, including Diablo II: Resurrected and World of Warcraft: The Burning Crusade Classic.
Activision Blizzard Reports Record Profits in Q1 of 2021
Introduction
Activision Blizzard, a leading gaming company, has reported record profits in the first quarter of 2021. The company’s financial results show strong growth across all of its games and franchises.
Financial Results
During the first quarter of 2021, Activision Blizzard generated a revenue of $2.28 billion, which is a 27% increase compared to the same quarter last year. The company’s net income also increased to $619 million, up from $505 million in the first quarter of 2020.
The company’s strong financial results are attributed to the success of its popular games such as Call of Duty, World of Warcraft, and Candy Crush. Call of Duty alone generated over $1.2 billion in revenue, with the mobile version of the game accounting for a significant portion of that revenue.
Growth in User Base
Activision Blizzard’s massive user base continues to grow, with over 435 million monthly active users across its various games and franchises. The company reported a 23% increase in monthly active users across its games compared to the previous year.
World of Warcraft and Call of Duty: Warzone saw significant growth in the first quarter, with the former reaching its highest level of active players in years. Call of Duty: Warzone, the company’s free-to-play battle royale game, surpassed 100 million players just over a year after its initial release.
Future Plans and Projections
Activision Blizzard is optimistic about its financial future and has raised its revenue forecasts for the full year of 2021. The company plans to release several new games and expansions in the coming months, including Diablo II: Resurrected and World of Warcraft: The Burning Crusade Classic.
The company CEO, Bobby Kotick, stated that “Our continued ability to connect and engage the world through epic entertainment is only possible thanks to the incredible talent, dedication, and hard work of our nearly 10,000 employees across the globe.”