Activision Blizzard announces Q1 FY2014 results

Activision Blizzard today announced better-than-expected financial results for the first quarter of 2014.

For the quarter ended March 31, 2014, Activision Blizzard’s net revenues were $1.11 billion, as compared with $1.32 billion for the first quarter of 2013. Revenues from digital channels represented 34% of the company’s total revenues.

Bobby Kotick, Chief Executive Officer, Activision Blizzard, commented: “Our better-than-expected performance was driven by record digital sales in Blizzard Entertainment’s franchises, including World of Warcraft, Diablo, and Hearthstone, in addition to Activision Publishing’s Skylanders and Call of Duty franchises."

For the first quarter of 2014, in North America and Europe combined, Activision Publishing had the #1 and #2 best-selling titles– Skylanders SWAP Force and Call of Duty: Ghosts. Skylanders SWAP Force was the #1 best-selling kids game overall in dollars for the first quarter of 2014. For the first quarter, Blizzard Entertainment had the #1 PC title in dollars with Diablo III: Reaper of Souls.

As of March 31, 2014, Blizzard Entertainment’s World of Warcraft remains the #1 subscription-based MMORPG, with approximately 7.6 million subscribers.

Based on its first-quarter results, Activision Blizzard is raising its outlook for calendar year 2014, for Net Revenues to reach $4.675 billion from previously predicted $4.600 billion.

The increase in Activision Blizzard’s outlook for 2014 is a result of the company’s actual Q1 performance, as well as the company’s current expectations for the remainder of the year.

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