Videogame publisher Activision Blizzard Inc. on Thursday reported better than expected quarterly revenue and profit and raised its full-year forecasts, driven by the popularity of its sci-fi first person shooter game “Destiny 2”, Reuters reports.
The company raised its full-year adjusted profit forecast to US$2.16 per share from US$2 per share and its adjusted revenue forecast to US$6.85 billion from US$6.58 billion.
Activision Blizzard, which is behind the popular “Call of Duty” franchise said total adjusted revenue rose to US$1.9 billion from US$1.63 billion in the third quarter ended Sept. 30.
The console version of “Destiny”, which was released on Sept. 6, was recognized as the best-selling console game of 2017 in the United States to date, with less than one month of sales, according to research firm NPD Group.
However, the company forecast adjusted revenue of US$2.34 billion and profit of 82 cents per share for the all-important holiday quarter. The forecast was below analysts’ average estimates of US$2.43 billion and 89 cents, according to Thomson Reuters.
Rival Electronic Arts Inc. also forecast revenue for the holiday quarter below estimates.
Activision Blizzard, which released the PC version of its smash hit “Destiny 2”, on Oct. 24, is also slated to launch “Call of Duty: WWII” during the holiday season.
These titles are set to compete with EA’s “Star Wars Battlefront II” and “Need for Speed” for gamer dollars during the quarter.
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