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Activision Blizzard surges as pandemic gaming boom continues


Call of Duty and Candy Crush parent Activision Blizzard Inc (NASDAQ:ATVI) surged 10% in Friday’s deals after impressive fourth-quarter results which continued to reflect better than expected trading in the pandemic.

The company banked over US$8bn in revenue for the year, compared to US$6.49bn in 2019, with some US$6.66bn of net revenue from digital channels.

Operating cash flow amounted to US$2.25bn for the year.

Other metrics reveal a booming business for the video game firm.

“In a year filled with adversity our extraordinary employees were determined to provide connection and joy to our 400 million players around the world,” said Activision chief executive Bobby Kotick.

“They accomplished this as well as generating record financial results for our shareholders. Under difficult circumstances, but with the same conviction and focus, they will continue to do so in 2021.”

Call of Duty succeeded with a record year for active users, which amounted to over 100mln per month. Game sales meanwhile grew by 40% driven by high volumes of digital game downloads.

The World of Warcraft franchise saw a 40% increase in net bookings and its monthly active users tallied 29mln over the fourth quarter.

Under the King mobile gaming banner Candy Crush had 240mln monthly active users and the company said that net bookings were up by a ‘double-digital’ percentage.

On Wall Street, Activision stock was up US$9.82 or 10.6% to change hands at US$102.43.

FTSE 100 ends just below the flatline; Wall Street, including GameStop, having more success

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