Activision is sniping at cheaters in Call of Duty.
Activision is sniping at cheaters in Call of Duty.
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Activision Blizzard beats expectations as Q4 revenue grows 21% to $2.41 billion

  • Posted byby Dean Takahashi
  • Updated
  • 5 min

Activision Blizzard reported earnings today that beat Wall Street’s expectations with 21% revenue growth to $2.41 billion for the fourth quarter ended December 31.

Activision’s Call of Duty franchise continued to outperform last year’s results as people continued to play a lot more games during the pandemic. Activision launched Call of Duty: Black Ops — Cold War in November on the existing and new consoles. On top of that, 2020 was a year where Call of Duty expanded into a year-round franchise with the strong performances of the battle royale game Call of Duty: Warzone and Call of Duty: Mobile.

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Written by

Dean Takahashi

Dean Takahashi is editorial director for GamesBeat. He has been a tech journalist since 1988, and he has covered games as a beat since 1996. He was lead writer for GamesBeat at VentureBeat from 2008 to April 2025. Prior to that, he wrote for the San Jose Mercury News, the Red Herring, the Wall Street Journal, the Los Angeles Times, and the Dallas Times-Herald. He is the author of two books, "Opening the Xbox" and "The Xbox 360 Uncloaked." He organizes the annual GamesBeat Next, GamesBeat Summit and GamesBeat Insider Series: Hollywood and Games conferences and is a frequent speaker at gaming and tech events. He lives in the San Francisco Bay Area.