Activision Blizzard (ATVI) Tops Q1 Views, Issues Mixed Outlook

May 2, 2019 4:13 PM

Activision Blizzard (NASDAQ: ATVI) reported Q1 EPS of $0.78, $0.52 better than the analyst estimate of $0.26. Revenue for the quarter came in at $1.83 billion versus the consensus estimate of $1.24 billion.

“We started the year with strong operating discipline and exceeded our prior outlook for the first quarter. We are increasing investment in our biggest franchises to better deliver against our growth potential, and I am pleased with our progress,” said Bobby Kotick, Chief Executive Officer of Activision Blizzard. “We’re continuing to enhance our leadership position in esports. The second season of the Overwatch League™ has seen strong growth in viewership, and we’re seeing enthusiastic demand for our professional, city-based Call of Duty® league franchises. We have already sold the first five Call of Duty teams in Atlanta, Dallas, New York, Paris and Toronto to owners who recognize the scale of the opportunity from their partnerships with us on the Overwatch League.”

GUIDANCE:

Activision Blizzard sees Q2 2019 EPS of $0.35, versus the consensus of $0.37. Activision Blizzard sees Q2 2019 revenue of $1.315 billion, versus the consensus of $1.28 billion.

Activision Blizzard sees FY2019 EPS of $1.85, versus the consensus of $2.19. Activision Blizzard sees FY2019 revenue of $6.025 billion, versus the consensus of $6.41 billion.

For earnings history and earnings-related data on Activision Blizzard (ATVI) click here.

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