At the end of the quarter, Activision had around 435 million monthly active users and there was a 36% year-over-year increase in net bookings to $2.07 billion. Net revenues moved up 27% to $2.28 billion and came in above the market’s prediction.
First-quarter earnings, excluding one-off items, rose to $0.98 per share from $0.76 per share last year, which is above the 70-cents profit analysts had projected. Net income, on an unadjusted basis, climbed to $619 million or $0.79 per share from $505 million or $0.65 per share in the first quarter of 2020.
Read management/analysts’ comments on Activision’s Q1 eanings
Activision’s stock has grown 20% in the past twelve months. It made strong gains Tuesday evening soon after the announcement, after closing the regular session lower.
