Activision Blizzard beats expectations as Q2 2020 revenue grows 38% to $1.9 billion

Activision Blizzard reported earnings today that beat expectations as the company saw a surge for its Call of Duty games because people are staying inside due to the pandemic.

The Santa Monica, California-based game publisher said its GAAP revenues were $1.93 billion, up 38% from $1.40 billion a year ago while non-GAAP earnings per share were 81 cents, compared to 53 cents a year earlier. Activision Blizzard echoed Electronic Arts and Take-Two Interactive in attributing growth of video games due to people wanting to entertain themselves while sheltering in place.