Activision Blizzard Tops Q1 EPS by 28c; Raises Outlook

Activision Blizzard (NASDAQ: ATVI) reported Q1 EPS of $0.98, $0.28 better than the analyst estimate of $0.70. Revenue for the quarter came in at $2.28 billion versus the consensus estimate of $1.78 billion.“Our employees continue to demonstrate exceptional performance under challenging circumstances,” said Bobby Kotick, CEO of Activision Blizzard. “That relentless drive across our franchises produced strong first quarter results that were well ahead of expectations. Our continued overperformance enables us to raise our outlook for the full year.”

GUIDANCE:

Activision Blizzard sees Q2 2021 EPS of $0.91, versus the consensus of $0.75. Activision Blizzard sees Q2 2021 revenue of $2.135 billion, versus the consensus of $1.81 billion.

Activision Blizzard sees FY2021 EPS of $3.42, versus the consensus of $3.65. Activision Blizzard sees FY2021 revenue of $8.37 billion, versus the consensus of $8.55 billion.