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ACTIVISION | BLIZZARD: Q4 FY2020 Financial Results

Activision Blizzard: Financial Results Q4 2020

Today, Activision Blizzard, inc. ($ATVI) announced the financial results for the fourth quarter of fiscal year 2020 (period from October 1, 2020 to December 31, 2020) with better-than-expected Q4 and Full Year results.

According to official statement, Bobby Kotick, Activision Blizzard CEO, said: “In a year filled with adversity our extraordinary employees were determined to provide connection and joy to our 400 million players around the world. 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.”.

  • Cash flow $ 2,25 bln for FY2020
  • Cash flow $ 1,14 bln for Q4
  • Call of Duty: 100 mln monthly active users, +40% unit sales YoY, in-game net booking for Q4 on PC and console +50% YoY
  • The success of Call of Duty franchise will be extended to other Activision franchises
  • Warzone will continue in next Call of Duty
  • Expansions and In Game Content will improved
  • Expanding on multiple platforms
  • Increase player investment

The success of Call of Duty with access of over 128 million monthly users per month marks a new record for the franchise due to the premium and free-to-play experience between the different platforms with a double revenue compared to the previous year.

  • The first season of Black Ops Cold War and Warzone content has seen the highest number of battle passes consumed since the introduction of Call of Duty’s new in-game system in late 2019
  • Call of Duty sales increased 40% YoY with strong digital content influence
  • Call of Duty Mobile debuted in China as the best mobile game quickly reaching the top of the download charts
  • World of Warcraft: full year franchise net bookings grew 40% YoY
  • Diablo Immortal was met with very positive feedback as mobile version in December

The results of KING are still positive with a strong influence of mobile games in United States market

  • 250 millions monthly active users during the fourth quarter
  • Candy Crush was once again the top grossing franchise
    in the U.S. app stores
  • I franchise di Farm Heroes and Bubble Witch franchises grew net bookings YoY
  • Good expectations with the release of Crash Bandicoot: On The Run! planned for March 2021 in the mobile apps portfolio, introducing fans to an entirely new Crash Bandicoot experience on the mobile platform

Strong momentum will continue until 2022 with big franchises. During the Q&A webcast session, further details were provided.

  • Call of Duty sets a new record with +120% of operating income in 2020
  • Net Cash $5.17 bln
  • 2021 capital allocation: increasing 2021 dividend by 15% to $0.47 per share
  • In addition to regular contents, Activision will introduce new massive updates to Warzone and Call of Duty Black Ops Cold War
  • The next Call of Duty will come out this year
  • No Overwatch 2 and Diablo 4 in 2021
  • More social titles to engage more players across all platforms
  • New remastered contents will be unveiled this year
  • New unannounced titles will come by 2022
  • Activision will continue to invest in mobile ramping new engagement models
  • World of Warcraft Shadowlands strong sales increases the already large community
  • Call of Duty Mobile will receive more content during this year