Activision Blizzard Blows Away Q4 and FY2020 Outlook Thanks to the Call of Duty Behemoth

Activision Blizzard Blows Away Q4 and FY2020 Outlook Thanks to the Call of Duty Behemoth

3 years ago
Anonymous $K6XgmDN5_o

https://wccftech.com/activision-blizzard-q4-2020-earnings/

Activision Blizzard (NASDAQ:ATVI) have released their earnings for the quarter ending December 31, 2020, and the company continues to benefit greatly from COVID-19 providing a captive audience and the seemingly unstoppable juggernaut that is Call of Duty. Acti-Blizz delivered $2.43 billion in net revenue in Q4 (their fiscal year coincides with the regular calendar year), well above the $2 billion they were expecting. For the full year, they brought in revenue of $8.08 billion, once again above the $7.66 billion they had promised. GAAP earnings per share for Q4 were $0.65 and $2.82 for the full year. Activision Blizzard stock has jumped nearly 12 percent in after-hours trading following the good report.

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