Activision Blizzard posted revenue of $1.64 billion in the second fiscal quarter of 2022, compared with $2.3 billion in the same period in 2021, as revenue and operating profit declined. Modern Warfare 2 and Warzone 2.0. Both will be released in the company’s next fiscal quarter.
With these Call of Duty games on the horizon, that drastic drop probably isn’t sweating too much around Activision HQ. It’s fair to say that it’s lucrative enough for the company, as its predecessor was “the most successful Call of Duty title to date.” The decline in revenue is also in line with a notable decline across the industry, which experienced a massive 26% expansion at the height of the Covid pandemic, according to Ampere data ( CNBC).
Since then, the industry has contracted for various reasons. With a recession on the horizon, both Sony and Microsoft are still struggling to meet demand for their new consoles. Get closer to Call of Duty: Vanguard did not live up to expectationsActivision Blizzard’s 2021 annual report, said the company “didn’t deliver as much innovation in a premium game as we would have liked.”
During the second quarter, Activision Blizzard games had 361 million monthly active users. Interestingly, the company wrote that “more than half” of Diablo Immortal’s player base are new to his Activision Blizzard game.It makes sense: the game malicious microtransactionspresumed to have made over $100 millionwith 30 million players.
Otherwise, the report is not surprising. A little notable is that Warzone 2.0 will be “tightly integrated” with Call of Duty: Modern Warfare 2, but this is a sign that the game will be cross-progression and cross-progression, much like Warzone and Call of Duty: Vanguard have done. It could mean sharing themed events. diablo 4 is still slated for a 2023 launch, with both World of Warcraft and WoW Classic expanding by the end of the year.
