By Will Feuer

Activision Blizzard reported a 34% jump in second-quarter sales, driven by the launch of its Diablo IV game and continued growth of its Call of Duty franchise.

The videogame developer, which has agreed to be bought by Microsoft, reported a second-quarter profit of $587 million, or 74 cents a share, compared with $280 million, or 36 cents a share, in the same period last year.

Stripping out one-time fees, including stock-based compensation and merger-related costs, adjusted earnings came to 91 cents a share. Analysts surveyed by FactSet were expecting adjusted earnings of 88 cents a share.

Sales climbed to $2.21 billion from $1.64 billion. Analysts surveyed by FactSet were expecting sales of $2.38 billion.

Bookings were $2.46 billion, up from $1.64 billion in the second quarter of last year.

In the Activision segment, sales grew 17% while operating income climbed by over 80%, driven by growth across the Call of Duty franchise.

In the Blizzard segment, revenue rose by over 160% and operating income more than tripled, driven by the launch of Diablo IV.

Activision's King segment, the developer of Candy Crush and other mobile games, grew revenue by 9%.

Write to Will Feuer at Will.Feuer@wsj.com

(END) Dow Jones Newswires

July 19, 2023 09:07 ET (13:07 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
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