Activision Blizzard posted fourth quarter sales that beat analysts’ expectations, amidst its success with its 'Call of Duty' franchise during the holiday season.
The video game company’s adjusted revenues (which exclude deferrals) for the three months ending in December surged +43.4% from the year-ago quarter to $3.57 billion, well above analysts' forecast of $3.16 billion.
Game net bookings climbed +46.8% to $1.82 billion, while monthly active users touched 390 million.
Several launches in October and November, including Call of Duty: Modern Warfare II, Warzone 2.0 and World of Warcraft: Dragonflight, boosted the company’s revenue figure in the fourth quarter.
However, GAAP earnings of 78 cents per share missed the Street expectations of $1.51 per share.
For the current quarter, Activision expects "last least" a high teens year-on-year % growth for GAAP revenues, with mid-teens level increases for net bookings.