Activision Blizzard, the video game developer behind games like Call of Duty and World of Warcraft, has reported record revenues in Q1 2021. The company brought in $2.28 billion in revenue, exceeding their own projections of $2.02 billion. The success has been attributed to Call of Duty: Warzone, Candy Crush, and World of Warcraft, which all saw an increase in revenue. The company has several major releases planned for the rest of 2021, including a new Call of Duty game and a remastered version of Diablo II, and mobile versions of their games are in the works.
Activision Blizzard reports record revenues in Q1 financial report
Introduction
Activision Blizzard, the popular video game developer behind franchises like Call of Duty and World of Warcraft, has reported record revenues in their Q1 financial report for 2021.
Details About the Report
The report, released on Tuesday, shows that Activision Blizzard brought in $2.28 billion in revenue during the first quarter of 2021. This is a significant increase from their Q1 revenue in 2020, which was $1.79 billion. The company also exceeded their own financial projections for the quarter, which were set at $2.02 billion.
Which Games Contributed to the Revenue Increase?
A big part of the revenue increase is attributed to the success of Call of Duty: Warzone, which was released in March 2020. The free-to-play battle royale game has been extremely popular, with over 100 million players as of April 2021. In addition to that, the company’s other franchises like Candy Crush and World of Warcraft also saw increased revenue.
What Do the Company Officials Say?
In a statement, Bobby Kotick, CEO of Activision Blizzard, said “Our teams continue to execute our growth plans with excellence during incredibly challenging circumstances. We are proud of our ability to continue to serve our communities, employees, and shareholders as we navigate through an ongoing global pandemic, and we are confident in the continued momentum across all our franchises.”
What’s the Future of Activision Blizzard?
The company has several major releases planned for the rest of 2021, including a new Call of Duty game and a remastered version of Diablo II. They also have mobile versions of games like Call of Duty and Diablo in the works. With these upcoming releases and the continued success of their current titles, Activision Blizzard looks poised for continued growth and success.
Conclusion
Activision Blizzard’s Q1 financial report for 2021 has shown record revenue and exceeding their own projections. This success is attributed to the popularity of franchises like Call of Duty: Warzone, Candy Crush, and World of Warcraft. With major releases and plans for mobile games in the works, the future looks bright for the company.