Activision Fourth Quarter Earnings Are Above Financial Expectations - Prima Games

Activision Fourth Quarter Earnings Are Above Financial Expectations

by Jesse Vitelli

Activision-Blizzard had its fourth-quarter earnings call with investors today. Here’s everything we learned about how Activision-Blizzard performed. 

You can read the entirety of its report here.

Activision Fourth Quarter Earnings Are Above Financial Expectations

Activision reported 2020 revenue of $8.09 billion which is a 25% increase year over year. Their Net Income was 2.20 billion which is up 46% year over year. Activision generated $4.85 billion from microtransactions and add-on content.

Here are some more highlights from Activision’s portion of the call:

  • 2020 was a record year for the Call of Duty franchise, in which premium and free-to-play experiences across platforms sustained more than 100 million monthly active players and drove franchise net bookings to approximately double the year ago level.
  • Full year Call of Duty premium unit sales grew over 40% year-over-year, with a further strong shift to digital downloads.
  • In the fourth quarter, Activision had 128 million MAUsD and net bookings for the Call of Duty franchise grew by a double-digit percentage year-over-year.
  • The November launch of Call of Duty: Black Ops Cold War further expanded the ecosystem across console and PC. Year-over-year in the fourth quarter, MAUsD grew approximately 70% and time spent more than doubled.
  • Following the launch of the Black Ops Cold War’s first season of in-game content and the integrated Warzone experience, unit sell-through grew sharply year-over-year in December and January.
  • Call of Duty in-game net bookings on console and PC grew more than 50% year-over-year in the fourth quarter. To date, the first season of Black Ops Cold War and Warzone content has seen the highest number of battle passes consumed since the introduction of Call of Duty’s new in-game system in late 2019.
  • Call of Duty Mobile delivered its best quarter yet, with strong double-digit growth in net bookings year-over-year. In the fourth quarter, monthly payers in the West reached the highest level yet, with average spend per payer increasing strongly year-over-year. The game also launched in China in late December, quickly reaching the top of the download charts.

The real standout here is how well Call of Duty mobile continues to perform.

Blizzard was up next and continued the train of good news for the company. 

“World of Warcraft saw strong engagement across both the Classic and modern game modes throughout 2020, and full-year franchise net bookings grew 40% year-over-year, reaching the highest level in nearly a decade.”

Blizzard will share more news on upcoming games during Blizzcon Online which is being held virtually on February 19 and 20 of this year.

Activision-Blizzard had a tremendous year and it looks like it won’t slow down anytime soon. No news on Overwatch 2 or anything else Blizzard has in the pipeline is currently going on. 

Related: Embracer Group Purchases Gearbox Entertainment For $1.3 Billion, 2K Will Still Publish Borderlands

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Jesse Vitelli

Jesse loves most games, but he really loves games that he can play together with friends and family. This usually means late nights in Destiny 2 or FFXIV. You can also find him chipping away at his ever-expanding backlog of JRPGS or staring at his massive Amiibo collection.