Activision Blizzard beats revenue outlook but stock plummets



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Attendees stand beside Calling Duty: Black Ops 4 video game signage from Activision Blizzard Inc. on the occasion of the E3 Electronic Entertainment Expo in Los Angeles, California (United States). United States), Tuesday, June 12, 2018. For three days, leading companies, revolutionary new technologies and unpublished products are presented at E3. Photographer: Troy Harvey / Bloomberg

&copy; 2018 Bloomberg Finance LP

Activision Blizzard announced a $ 1.8 billion business turnover in the first quarter, exceeding its shared outlook in February, but falling by 7% over last year. Shares plunged up to 5.6% after trading hours.

Esports efforts have come to the fore, including a 30% increase in the number of viewers for the second season of the season. Overwatch So far, and the announcement of the first five urban teams of the upcoming Call of Duty professional league – Atlanta, Dallas, New York, Paris and Toronto, with owners from Overwatch League.

Apart from these initiatives, the understanding of publications for the remaining year remains unclear. Blizzard's production outside of World of Warcraft Classic is not clear, and there is not much information yet on Call of Duty's annual entry. Three months ago, Activision Blizzard has laid off 8% of its 9,600 employees, despite the announcement of record revenues for fiscal year 2018 and a dividend of $ 0.37 for shareholders on May 9, an increase of 9% over the previous year.

According to the company, "Over the last three months, the company has made progress on the plan outlined in our February earnings call to strengthen the foundation for future growth. The company is increasing the development of its largest internal franchises for both initial and in-game content, and is also investing in the development of PC, mobile and new geographic platforms. "

Investors who phoned today inquired about the company's efforts to better capture the Royal Battle and Free Game market, a question posed to leaders. this time last year. Despite an offer in the genre through last year Call of Duty: Black Ops 4, the rise of the free game of Electronic Arts Apex Legends and the continued success of Fortnite l & # 39; shade. The answers have remained the same: the company is open to different models of remuneration and will explore them.

The quarter included the release of Sekiro: the shadows are dying twice, sold more than 2 million copies in 10 days.

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Attendees stand beside Calling Duty: Black Ops 4 video game signage from Activision Blizzard Inc. on the occasion of the E3 Electronic Entertainment Expo in Los Angeles, California (United States). United States), Tuesday, June 12, 2018. For three days, leading companies, revolutionary new technologies and unpublished products are presented at E3. Photographer: Troy Harvey / Bloomberg

© 2018 Bloomberg Finance LP

Activision Blizzard announced a $ 1.8 billion business turnover in the first quarter, exceeding its shared outlook in February, but falling by 7% over last year. Shares plunged up to 5.6% after trading hours.

Esports efforts have come to the fore, including a 30% increase in the number of viewers for the second season of the season. Overwatch So far, and the announcement of the first five urban teams of the upcoming Call of Duty professional league – Atlanta, Dallas, New York, Paris and Toronto, with owners from Overwatch League.

Apart from these initiatives, the understanding of publications for the remaining year remains unclear. Blizzard's production outside of World of Warcraft Classic is not clear, and there is not much information yet on Call of Duty's annual entry. Three months ago, Activision Blizzard fired 8% of its 9,600 employees, despite record revenues for fiscal year 2018 and a dividend of $ 0.37 for shareholders on May 9, an increase of 9% compared to the previous year.

According to the company, "Over the last three months, the company has made progress on the plan outlined in our February earnings call to strengthen the foundation for future growth. The company is increasing the development of its largest internal franchises for both initial and in-game content, and is also investing in the development of PC, mobile and new geographic platforms. "

In today's call, investors inquired about the company's efforts to better capture the Royal Battle and Free Game market, a question asked of the leaders at the same time last year. Despite an offer in the genre through last year Call of Duty: Black Ops 4, the rise of the free game of Electronic Arts Apex Legends and the continued success of Fortnite l & # 39; shade. The answers have remained the same: the company is open to different models of remuneration and will explore them.

The quarter included the release of Sekiro: the shadows are dying twice, sold more than 2 million copies in 10 days.

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