Activision Blizzard Revenues Are Down Once Again For Q4 2019
The last quarter of 2019 was an absolute PR nightmare for Activision Blizzard. The company was boycotted for banning a pro-Hong Kong Hearthstone player and was criticized for an utterly disappointing BlizzCon presentation.
The question is, would these have a significant effect on the company’s Q4 2019 revenues? Apparently not. Acti-Blizz’s revenues are down by 16.7% compared to Q4 2018 but slightly better than Q3 2019 thanks to Call of Duty: Modern Warfare.
“For the quarter ended December 31, 2019, Activision Blizzard’s net revenues presented in accordance with GAAP were $1.99 billion, as compared with $2.38 billion for the fourth quarter of 2018. GAAP net revenues from digital channels were $1.44 billion. GAAP operating margin was 23%. GAAP earnings per diluted share were $0.68, as compared with $0.89 for the fourth quarter of 2018. On a non-GAAP basis, Activision Blizzard’s operating margin was 30% and earnings per diluted share were $0.62, as compared with $0.90 for the fourth quarter of 2018.”
If you have a head for numbers, you can check out the full Activision Blizzard Q4 2019 Investor Report here.