Activision Blizzard (ATVI, $75.24) crushes Q4 revenue expectations

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. 

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Sergey Savastiouk|Expert

Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.