Over the next two years, Activision Blizzard will be building on its better-than-expected first quarter this 2021. In their published presentation and documents, the company shared with investors their performance during the quarter as well as their plans to further improve revenue across the board.
This move is meant to address the increased demand for video game content on all platforms, be it PC, console, or mobile. While increasing the company's capacity to produce games, this will also better guarantee their financial position.
Activision Blizzard will also be increasing the size of some of their franchise teams, tripling them by the end of the year.
Activision Blizzard's first quarter “better-than-expected”
Activision Blizzard saw a productive first quarter, producing revenues higher than the outlook held by the company. Q1 GAAP revenues, in particular, reached $2.28B as compared to the expected $2.02B, building off their previous year.
This meant an earning per share (EPS) of $0.79, good news for the investors of Activision Blizzard. The expected EPS for the quarter was at $0.59
With these numbers, the company hopes to double down on its investments in order to produce a greater quantity of games. Hopefully, the quality of these releases will be given equal attention.
The company shows good performances for their individual branches as well. Activision, in particular, saw $891 million in net revenues for the quarter. They are followed by King with $609 million and Blizzard at $483 million.
This has led the company to increase all outlook for the rest of the year in order to work on a more grounded basis. With numbers like these, it seems Activision Blizzard is well supported by their popular titles like Call of Duty, World of Warcraft, and Candy Crush. With a representative on all the platforms, it will be difficult to beat Activision Blizzard's momentum.