Activision Blizzard reports Q1 adjusted EPS $1.09, consensus 52c

Reports Q1 net bookings $1.86B, consensus $1.8B. For the quarter ended March 31, 2023, overall Activision Blizzard (ATVI) Monthly Active Users were 368 million. Bobby Kotick, CEO of Activision Blizzard, shared, "In our 33rd year, Activision Blizzard is performing exceptionally well. Every one of our key intellectual properties continues to grow year-over-year, with Call of Duty once again a key driver of growth. Mobile net bookings grew double digits including another record quarter for King. Pre-sales for Diablo IV are strong. And none of this would be possible without our people, who deliver excellence for our players every single day. We remain confident that our deal with Microsoft (MSFT) benefits competition, consumers, and job creation in markets around the world, especially in the UK. The CMA’s report today does not reflect these realities, and we will work aggressively with Microsoft to reverse it on appeal."