Activision Blizzard just released its first quarter 2021 earnings results, and things are looking good for shareholders. The company posted non-GAAP adjusted earnings per share (EPS) of 98 cents, beating its own forecast of 84 cents and Wall Street analysts’ expectations of 76 cents. Activision also announced that they are increasing their financial outlook for the full year. The company’s stock is trading higher after business hours on the news.
Activision Blizzard (ATVI) shares rose after business hours on a strong first quarter 2021 earnings release.
Here’s some interesting info from Activision Blizzard Q1 2021 earnings release.
First quarter 2021 revenue was $ 2.28 billion Digital channel revenue was $ 2.010 billion during the first quarter of 2021 Operating margins were 43% on a non-GAAP basis in the first quarter of 2021 Cash flow operating was $ 844 million in the first quarter of 2021, compared to $ 148 million in Activision’s revenue in the first quarter of 2020 The segment increased 72% year-over-year, driven by the strength of COD The segment of income of Blizzard grew 7% year-over-year, driven by the expansion of Warcraft Classic and Shadowlands Revenue from the King segment reached a new record King had 258 million monthly active users during the fourth Crash Bandicoot: On The Run! downloaded more than 30 million times since its launch in late March The Board of Directors declared a cash dividend of 47 cents per common share payable on May 6, 2021 to shareholders of record as of April 15, 2021 Dividend payment has increased 15% from prior year The company now expects $ 8.37 billion in revenue by 2021 Non-GAAP EPS guidance increased to …