Activision Blizzard Had an Explosive Revenue in Q1, Thanks to Overwatch
Activision Blizzard just reported the most profitable quarter in the company's history with record-breaking $1.73 billion GAAP net revenues for the first quarter of 2017. The CEO of Activision Blizzard Bobby Kotick says the success is largely owed to Overwatch, the team-based shooter with more than 30 million players worldwide.
Some interesting numbers for Q1 inclue:
- Blizzard games have hit 41 million monthly active users, up 58% y-o-y
- Blizzard’s revenues from in‐game content grew more than 25% y‐o‐y, driven by World of Warcraft and Overwatch's cash shop sales.
- Activision games monthly active player number down to 48 million, due to expected softness from last year’s Infinite Warfare release
- King (developer of Candy Crush Saga) games MAU also got a decline to 342 million
Check out the full report if you are interested in knowing more.