Activision Blizzard Inc. said a key revenue measure more than doubled in the latest quarter, with a superhero-themed videogame driving strong performance in a period when major rivals stumbled.

Activision Blizzard said revenue adjusted to account for factors including deferred sales of online services rose to $1.61 billion in the quarter that ended June 30 from $759 million in the year-ago period. Wall Street had expected $1.46 billion, according to Thomson Reuters. The company attributed the rise in part to the success of "Overwatch," released in late May.

Adjusted per-share profit rose to 54 cents from a profit of 13 cents a year ago. Analysts had expected an adjusted 42 cents a share.

Activision Blizzard also raised its outlook for the fiscal year. It now expects revenue of about $6.4 billion and profit of about $1.83 a share, after adjusting to account for factors including deferred sales of online services.

Write to Sarah E. Needleman at sarah.needleman@wsj.com

(END) Dow Jones Newswires

August 04, 2016 16:55 ET (20:55 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
Activision Blizzard (NASDAQ:ATVI)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Activision Blizzard Charts.
Activision Blizzard (NASDAQ:ATVI)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Activision Blizzard Charts.