Activision Blizzard exceeded analysts' expectations - revenue amounted to $ 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 3.8% in price due to positive results - for the quarter, the company reported revenue of $ 908 million and $ 0.23 per share. Wall Street analysts were expecting 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.

Revenue from the sale of electronic goods grew by 48% to $ 797 million compared with the same period last year. As a percentage, this segment brought 88% of total revenue.

Currently Activision Blizzard announces about 544 million monthly active users, and some of which came with the completion of the takeover of the mobile game developer King. The audience of Call of Duty has grown similarly over the past time, and the total franchise sales have grown to $ 15 billion. The

active monthly audience of Blizzard products is 26 million, showing an increase of 23% compared to last year, while King accounts for 463 million monthly active users - King’s audience growth for the quarter was 3%.

“We are pleased that we were able to once again get into the top 100 companies for working according to Fortune, having risen 19 positions compared to last year. Our prospects for a long-term strategy have never been so exciting, and 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 Kotik, CEO of Activision Blizzard.

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