Activision-Blizzard Beats Q1 2019 Expectations
Activision-Blizzard has released its Q1 2019 financial results and have beaten expectations. The company projected $1.715 billion in revenue and achieved $1.825B, though that number is significantly lower than Q1 2018 that saw nearly $2B brought in. ATVI suggested that the strong performance came at the hands of its core franchises including Overwatch League business operations and the sale of five teams to cities participating in the Call of Duty city-based league.
CEO Bobby Kotick attributed the successful quarter to "strong operating discipline" to start out the year as well as "increasing investment in our biggest franchises to better deliver against our growth potential". You may remember that the part of the "strong operating discipline" included nearly 800 ATVI employees losing their jobs.
- Monthly Active Users (MAU) totaled 41M at Activision, 32M at Blizzard and 272M at King.
- Sekiro: Shadows Die Twice sold more than 2M copies in about ten days.
You can read the summary report on the Activision Blizzard Investor Relations site.