Activision Blizzard Sees Higher Than Expected Sales In Q1

Santa Monica-based videogame publisher Activision Blizzard said late Tuesday that it saw better than expected financial results for the first quarter of 2014. The company reported net revenues of $1.111 billion, compared with an earlier expectation of only $885M in sales. The company explained that the numbers were driven by record digital sales of its franchises, which include World of Warcraft, Diablo, and Hearthstone: Heroes of Warcraft. Despite the better than expected results, the sales were still down from the first quarter of 2013, when the company reported $1.32 billion in sales.