The short version is that King, Overwatch, and Hearthstone all did quite well, especially Overwatch. World of Warcraft was also up on in-game item sales, though that's expected given proximity to expansion pack.
The early results for CoD and Destiny 2 are also encouraging, which is why the expectations were raised. More of that is covered in a dedicated thread.
The early results for CoD and Destiny 2 are also encouraging, which is why the expectations were raised. More of that is covered in a dedicated thread.
Source: http://files.shareholder.com/downlo...1-E02F6817700B/Q1_2017_ATVI_Press_Release.pdfACTIVISION BLIZZARD ANNOUNCES BETTER‐THAN‐EXPECTED AND
RECORD FIRST‐QUARTER 2017 FINANCIAL RESULTS
Company Increases CY 2017 Revenues and EPS Outlook
Record Q1 Revenues, Digital Revenues and Earnings Per Share
Record Q1 Operating Cash Flow of Over $400 Million, up 22% Year‐Over‐Year
For the quarter ended March 31, 2017, Activision Blizzard's net revenues presented in
accordance with GAAP were a Q1 record of $1.73 billion, as compared with $1.46 billion for the first
quarter of 2016, an increase of 19%. GAAP net revenues from digital channels were a Q1 record of $1.39
billion, growing 50% year‐over‐year. GAAP operating margin was 29%. GAAP earnings per diluted
share were an all‐time quarterly record $0.56, as compared with $0.48 for the first quarter of 2016, an
increase of 17%.
For the quarter ended March 31, 2017, on a non‐GAAP (redefined) basis, Activision Blizzard's
operating margin was 43% and earnings per diluted share were an all‐time quarterly record $0.72, as
compared with $0.58 for the first quarter of 2016, an increase of 24%.
For the quarter, operating cash flows were a Q1 record of $411 million, up 22% year‐over‐year.