Activision Blizzard Inc. (NASDAQ: ATVI) on Thursday reported solid second quarter financial results, easing investors’ concern about the impact of Fortnite on the video game publisher.
The Company said net revenue rose to USD 1.64 Billion in the quarter ended June 30th, 2018, compared with USD 1.63 Billion the same period a year ago. Earnings per share also reach a record of USD 0.52 per share in the second quarter, compared with USD 0.32 per share for the second quarter of 2017.
The Company had a million monthly active users in the second quarter, driven by the strength of “Call of Duty: World War II.” The Company also said the pre-order for “Call of Duty: Black Ops 4” and “World of Warcraft: Battle for Azeroth” are strong. “Call of Duty: Black Ops 4” will add a battle royal mode, in order to compete with Fortnite and PlayerUnknown’s Battlegrounds.
Activision Blizzard also maintains its leadership in E-sport industry. The Overwatch League held its Grand Finals event at Barclays Center in New York on June 27-28th. It attracted millions of global viewers global viewers from TV networks and streaming platforms. Minutes watched on Call of Duty World League jumped 50% year-over-year.
“This was another strong quarter for Activision Blizzard. Our portfolio of global franchises enabled us to deliver record first half revenues and earnings per share,” said Bobby Kotick, Chief Executive Officer of Activision Blizzard. “This past weekend we held the Overwatch League TMGrand Finals. We had a very successful first season as we enhanced our leadership position in esports. And, today we announced two additional Overwatch League franchise sales at record prices, adding Atlanta, Georgia and Guangzhou, China to our league. We plan to announce additional franchises over the next few months.”