American video game publisher, Activision Inc. (NASDAQ: ATVI), announced strong Q1 earnings of $0.23 beating consensus EPS of $0.12 and revenue of $908M (+29.2% Year to Year) that beat analysts’ expectations by $95.88M.
King Digital Entertainment made a huge impact on Activision’s first quarter performance as it increased their digital income and maintained the intensity of Call of Duty. Their digital income made up of 88% of the company’s overall revenue, which marks an all-time high.
Activision's monthly active users were up 10% (55M) and Blizzard's up 23% (26M), which are both milestones for the company. King Digital's monthly average users were up 463M (3%), and brought the company to an overall of 544M monthly average users.
For their next quarter, Activision is looking to see a non-GAAP of $1.375B vs. consensus for $1.293B and EPS of $0.38 vs. an expected $0.33. For the full year, it sees net revenues of $6.275B and EPS of $1.78 vs. expected $1.79.
Shares of ATVI were up over 5% as of Friday afternoon.