Game Publishers Beat Estimates

    • EA doubled its fourth quarter income year-over-year with strong digital sales.
    • Activision's revenue from console platforms declined 12%, while mobile was up 7%.

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Booming digital sales and strong franchises drove a strong fiscal year 2020 and Q4 for EA, the company announced in an earnings report. The video game publisher experienced 12% year-over-year revenue growth while doubling its operating income.

EA’s full 2020 fiscal year finished with $5.5 billion in revenue, up 11.9% from the previous year. Digital sales, game sales and downloadable content grew 9% and now make up 78% of the total for the company.

Activision Exceeds Q1 Projections
Activision Blizzard exceeded its revenue projections for the first quarter of 2020, the company announced yesterday. However, the game maker did see a roughly 2% decline in net revenue compared to last year.

The Call of Duty franchise continues to drive Activision’s success. To date, the free-to-play Battle Royale mode for the game has had more than 60 million players since it launched on March 10.