Last week, ATVI released their Q1 earnings for the year, posting revenue of $1.7BN which largely beat out analyst expectations. "Revenues were driven by increasing digital revenues, overwhelming success of Overwatch, and the buyout of King Digital Entertainment." Zacks Equity Research cites.
While ATVI is no stranger to online gaming success with other titles such as World of Warcraft, the Diablo series, and of course Call of Duty, Overwatch's success is something unique. The game has blown the online FPS market out of the water, grabbing players, revenue, and attention in just shy of a year that takes other games years to garner.
The World Needs Heroes
After just that time, Overwatch has already earned $1BN, and shows no signs of stopping.
For those who don't know, the game is an online FPS (first person shooter) from Blizzard Entertainment. It was released on May 24, 2016 and has reached 30MN registered players globally (as an example, other Blizzard game Hearthstone, took over two years to get to 50MN worldwide players). The game centers around your ability to play as one of now 24 playable characters, each with their own special moves and skills.
More than 30 million players have charged into Overwatch!
Thanks for grouping up with us, heroes. We couldn't ask for a better team. 💙 pic.twitter.com/j2lRsUtpnd
— Overwatch (@PlayOverwatch) April 28, 2017
You can see in just 12 months, ATVI has jumped in share price from when Overwatch launched:
The one year anniversary has stirred up a lot of intense debate on forums around what special content Blizzard will give its fans. While nothing has been announced, Blizzard regularly adds maps, characters, and performance changes to the game (with no extra cost outside the game purchase of $40).
With new character buzz brewing as well, it'll be exciting to see what Overwatch and Blizzard come up with next for fans, and how they'll keep the game at its best.
In the meantime, I'll be perfecting my Junkrat skills in competitive.
feature image credit: Activision/Blizzard
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