Activision Blizzard (NASDAQ:ATVI) has announced its FY16 Q1 financials for the three months ending 31 March 2016.

Total GAAP revenues were $1.46 billion, up 14% year-on-year.

However, $207 million the quarter's revenues came from King.

Activision Blizzard's $5.9 billion acquisition of the mobile gaming outfit closed on 23 February, so the year-on-year comparison is a misleading one. 

"Our long-term growth prospects have never been more exciting and we are fortunate to have the most able, capable people to pursue them," commented CEO Bobby Kotick.

Trumped up

Aside from the addition of King's revenues, sales from PC/mobile card game Hearthstone: Heroes of Warcraft were up 20% year-on-year.

Activision Blizzard generated $243 million from what it calls its 'mobile and ancillary' category.

So stripping out King, the company made $36 million from its other mobile games. Presumably the majority of this is from Hearthstone.

In August 2015, Superdata estimated the game was making $20 million a month, with a then-50:50 split between PC and mobile, although with mobile's share on the rise.

However, excluding King, 'mobile and ancillary' category sales were down 58% year-on-year.

Activision Blizzard ended the quarter with cash and equivalents of $2.9 billion, up $1 billion compared to its total 12 months ago.

[source: Activision Blizzard IR]