Activision Blizzard Announce Record First-Quarter Results with $1.97 Billion Net Revenue

Activision Blizzard has just announced record first-quarter financial results exceeding their outlook provided in February, with highlights including a operating cash flow of $529 million (up 29% year to year) as well as a net revenue of a record $1.97 billion, surpassing the $1.73 billion for the first quarter of 2017. GAAP net revenues from digital channels also set an all-time quarterly record with $1.46 billion.

“Activision Blizzard had another strong quarter, growing year-over-year, setting top and bottom line records, and over-performing guidance. Our continued ability to set new records speaks to the quality of our teams and the breadth and enduring nature of our portfolio of franchises against the backdrop of a large and growing interactive market,” said Bobby Kotick, Chief Executive Officer of Activision Blizzard. “As we look ahead, our innovative core gaming pipeline, as well as initiatives like mobile, esports, and advertising, will continue to drive growth for our business.”

For the full first-quarter 2018 financial results, head over here.