Activision Blizzard held its quarterly earnings call last night, sharing new stats on how the business and its current games are doing. As we learned last quarter, Call of Duty: Vanguard has heavily underperformed and the situation hasn't improved since, with Call of Duty losing millions of Monthly Active Users.
For Q2, Activision Blizzard earned revenue of $1.64 billion, a near 50 percent dip from the same period last year. This is in part due to a lack of releases this year, as well as lower interest in Call of Duty. The franchise saw its Monthly Active Users drop from 100 million in Q1 to 94 million in Q2. Despite that, Activision Blizzard is expecting to bounce back pretty soon.
While Call of Duty is in a dip right now, Infinity Ward is due to return this year with Modern Warfare 2, and a brand new Warzone game. Beyond that, Blizzard also has a number of releases this year, including two World of Warcraft expansions and the Early Access launch of Overwatch 2.
Activision Blizzard is currently on track to be acquired by Microsoft by mid-2023 in a deal worth $95 USD per share, worth a total of almost $70 billion. Recently, we learned what rival publishers like Sony, Ubisoft, WB, Riot and others think of the deal, as many have submitted official opinions to regulators investigating whether or not the deal should be allowed to go through.
Discuss on our Facebook page, HERE.
KitGuru Says: It is starting to seem that if the Microsoft buyout doesn't go through for whatever reason, then Activision Blizzard is going to be in a pretty rough position.