Gaming stocks have been net gainers during the pandemic. The last year or so has been a challenging time for everyone around the world. However, some businesses have gained when others have lost. Technology stocks and pharmaceutical companies performed well. People found themselves in their homes for a lot longer than one would have imagined. This led people to either indulge in various activities like working on their DIY projects or entertaining themselves by playing games. Gaming stocks have been on a growth trend throughout the past decade. Just look at the price chart of a company like Activision Blizzard. The company has not only grown significantly, but it has also been paying increasing dividends. If you search for the best gaming stocks now, then Activision Blizzard will seem like an exciting proposition.
Activision Blizzard Announces Q12021 Earnings Results
On 4th May 2021, Activision Blizzard announced its first-quarter 2021 earnings results. Revenue rose from $1.8 billion in Q12020 to $2.3 billion. The outlook provided by management for Q12021 was $2 billion. So, the view and the previous year’s figure were bettered. The GAAP earnings per share also rose from $0.65 in Q12020 to $0.79 in Q12021. The outlook for the GAAP EPS was $0.59. So, overall the results were quite positive. The Call of Duty franchise played a crucial role in driving growth during Q12021 for the Activision segment. The Blizzard segment revenue was up 7% year-on-year as the World of Warcraft franchise went growth. Investors looking for the best gaming stocks may want to further delve into companies like Activision Blizzard.
Activision Blizzard is part of the famed Fortune 500 list of companies. It has built some of the most popular games globally, like Diablo, StarCraft, Candy Crush, Call of Duty, Guitar Hero, and Farm Heroes. The mission of Activision Blizzard is to engage a global audience via entertainment and video game franchises.