Phone of Duty drives record 12 months for Activision Blizzard

Activision Blizzard reported record full-year and quarter that is fourth today thanks in large part to a banner year for the Call of Duty franchise.

Call of Duty nearly doubled its net bookings in 2020 thanks to the first full year of Call of Duty Mobile, the March debut of the free-to-play Call of Duty: Warzone, and traditional Call of Duty premium releases like Modern Warfare and Black Ops Cold War that collectively saw unit sales up 40% for the year.

Company-wide, Activision Blizzard posted net that is full-year up 25% to $8.09 billion, while web bookings had been up 44% to $8.42 billion. Web earnings rose 46percent to $2.2 billion.

For the vacation quarter by itself, profits were up 22% to $2.41 billion with web bookings up 13% to $3.05 billion. Net earnings were down 3% to $508 million.

“We seem to be seeing the effect of our development initiatives for Call of Duty, wow and Candy Crush, which we expect you’ll once again drive results that are strong 2021,” the company said in reporting its results. “And at the time that is same we have been making significant progress against our development pipeline for any other key intellectual properties, which we expect you’ll fuel further development in 2022 and past.”

Given Call of Duty’s performance, it is not surprising that the Activision unit revealed the growth that is strongest for the company, with full year net revenues up 77% to $3.9 billion. Its full year income that is operating 120% to $1.87 billion, meaning Activision’s earnings had been almost since high as Blizzard’s product sales.

For The year that is full Blizzard posted net revenues up 8% to $1.91 billion, with the most notable jump being World of Warcraft’s 40% year-over-year increase in net bookings.

King saw revenues up a little less than 7% to $2.16 billion.

Despite the near-doubling in Call of Duty’s bookings, it hasn’t expanded the size of Activision’s player base that much. When talking about Call of Duty: Black Ops Cold War, Activision Blizzard said Call of Duty monthly active users (MAUs) grew approximately 70% year-over-year, but the Activision division itself reported the exact same 128 million MAUs it reported for the year-ago quarter that is fourth

Overall MAUs for Activision Blizzard into the quarter that is fourth 397 million, down 3% year-over-year, but up a little lower than 2% quarter-over-quarter.

Blizzard reported 29 million MAUs, down 9percent through the previous 12 months’s 4th quarter and down about 3% quarter-over-quarter.

King showed similarly soft engagement numbers, with any occasion MAU count of 240 million down 4percent through the 249 million it posted for both the 4th quarter of 2019 plus the 3rd quarter of 2020.

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