Activision Blizzard beats forecasts with $1.95 billion in Q3 net revenue

Activision Blizzard closed out Q3 with $1.95 billion in revenue for the three month period ending September 30, beating its revenue target for the quarter by $154 million. 

The company cites major content launches, live ops, and “new approaches to engagement in key franchises” as the driving factors behind the quarter’s results.

Both revenue and net bookings are up year-over-year for the prolific publisher-developer. That $1.95 billion in revenue is up year-over-year from $1.28 billion, while net bookings hit $1.77 billion this quarter, up from $1.21 billion during the same period last year.

Of those net bookings, $1.61 billion alone came from digital sources, up from $965 million the year prior, while $1.2 billion came from in-game transactions, versus only $709 million the year before.

“Our teams continue to execute our growth plans with excellence during incredibly challenging circumstances,” reads a statement from ActiBlizz CEO Bobby Kotick. “We are on a path to deliver sustained long-term growth across our fully-owned franchises. With confidence in our ability to continue to execute, we are raising our outlook for the year and remain enthusiastic for our growth prospects next year.”