Activision Blizzard surpassed analysts' expectations - revenues were $ 908 million for the first quarter of 2016

This week, Activision Blizzard reported on the first fiscal quarter of 2016, which ended March 31. After the announcement of the results, the company's shares soared in price by 3.8% due to positive results - for the quarter, the company reported revenue of $ 908 million and $ 0.23 per share. Wall Street analysts expected results of $ 812 million and $ 0.12 per share. As a result, the company's shares rose in price by $ 1.34 to $ 36.25 per share.

Proceeds from the sale of electronic goods increased by 48% to $ 797 million compared to the same period last year. In percentage terms, this segment brought 88% of total revenue.
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Currently, Activision Blizzard claims about 544 million monthly active users, and some of which came along with the completion of the takeover of mobile game developer King. The Call of Duty audience has similarly grown over time, and total franchise sales have grown to $ 15 billion.

The active monthly audience of Blizzard products is 26 million, showing an increase of 23% compared with last year, while King accounted for 463 million monthly active users - King’s audience grew by 3% in the quarter.

“We are pleased that we were able to re-enter the top 100 companies to work on the Fortune version, rising by 19 positions compared to last year. Our prospects for a long-term strategy have never been so exciting, but now we are lucky to work with the most talented people.

Now we are focusing on Overwatch, which is scheduled for release on May 25, ”said Robert Kitty, CEO of Activision Blizzard.

For 2016, Activision Blizzard plans to receive revenue of $ 6.275 billion and earnings of $ 1.78 per share. In the second quarter, Activision Blizzard forecasts revenues of $ 1.375 billion, while analysts forecast revenue of $ 1.318 billion.