Activision Blizzard reports Q1 FY2016 results

Activision Blizzard has announced better-than-expected financial results for the first quarter of 2016.

For the quarter ended March 31, 2016, net revenues were a Q1 record $908 million, as compared with $703 million for the first quarter of 2015. Net revenues from digital channels were an all-time quarterly record of $797 million, up 48% year-over-year, and represented an all-time quarterly record of 88% of the company's total revenues.

Activision had the biggest Q1 online player community in its history, with 55 million monthly active users, up 10% year-over-year. Activision continues to have four of the top 10 games on next-generation consoles life-to-date, including Call of Duty: Black Ops III at No. 1. Call of Duty active users were up quarter-over-quarter and year-over-year, setting another all-time record for the franchise.

Blizzard also had the biggest Q1 online player community in its history, with active users of 26 million, up 23% year-over-year. Hearthstone: Heroes of Warcraft surpassed the 50 million registered player milestone.

Destiny now has nearly 30 million registered players. Later this year, Activision and Bungie plan to release a large new expansion for the Destiny universe.

On August 30, 2016, Blizzard is expected to launch its World of Warcraft expansion, Legion, following the Q2 release of the Warcraft film. World of Warcraft remains the No. 1 subscription‐based MMORPG in the world.

Activision expects a new Skylanders game to launch in 2016 along with Skylanders Academy, a new TV series celebrating the beloved kids franchise.

Based on these first quarter results, Activision Blizzard is raising its full-year net revenues and earnings per share outlook.

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