dfo4gold - Candy Crush Dev Accounts for a Quarter of Activision Blizzard Revenue

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Net revenue generated by King Digital Entertainment made up 23% of Activision Blizzard's revenue for the quarter ending March 31, according to financial statements released by the company.

Additionally, revenue from digital distribution channels for the company grew to 64%, from 45% of the total for the same period last year, an all-time quarterly record for Activision Blizzard.

Overall, Activision Blizzard reported a better-than-expected first quarter for its fiscal year.

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The acquisition of King Digital Entertainment was officially closed in February, with Activision Blizzard buying all of King's outstanding shares for $18 USD each, for a total value of $5.9 billion.

Bobby Kotick, CEO of Activision Blizzard, credited "a strong core business" and cited the employees of Activison Blizzard for helping drive the quarter, saying "talent continues to be our greatest asset."

Activision Blizzard also touted the upcoming Call of Duty: Infinite Warfare, which was officially announced earlier this week, as a future source of revenue. Call of Duty as a franchise is a strong driver of revenue for the company, and in the first quarter, 84% of new PlayStation 4 owners opted to buy the Call of Duty: Black Ops III console bundle.

Overall, in the last 12 months, Activision Blizzard said players spent 42 billion hours playing its games.

Seth Macy is IGN's weekend web producer and just wants to be your friend. Follow him on Twitter @sethmacy, myIGN, or subscribe to Seth Macy's YouTube channel.

dfo4gold - Candy Crush Dev Accounts for a Quarter of Activision Blizzard Revenue

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