Activision Blizzard has released its latest earnings report, shining a light on how the gaming giant is performing amid its pending takeover by Xbox company Microsoft.
For the three-month period ended March 31, Activision Blizzard made $2.38 billion in revenue and recorded a profit of $740 million. For comparison, during the same period last year, Activision Blizzard pulled in $1.76 billion in revenue and $395 million in profit. In short, business is booming. Activision Blizzard also reported having $9.236 billion in cash and equivalents on hand.
Activision Blizzard made most of its money from its mobile game division, King, which brought in $739 million during the quarter. This compares to $580 million from Activision and $443 million from Blizzard. In terms of revenue by platform, mobile was No. 1 for Activision Blizzard during the period, reaching $956 million. PC followed with $666 million and console brought up the rear with $639 million. As for digital versus physical, Activision Blizzard made a whopping 91% of its revenue, or $2.157 billion, from digital channels, with $104. million (or 4%) from retail. The “Other” category brought in $122 million, or 5% of revenue for the period.