Activision Blizzard cites Microsoft deal and lower Call of Duty sales as reason for declining revenues. Activision Blizzard has released its annual financial report for D2R Ladder Items the first period of the year 2022. The company's revenue as well as net income fall year-over and less Call of Duty sales and the Microsoft deal being mentioned as the causes behind this.
The net revenue of the company was $1.77 billion that's down 22.2 percent from the previous year.Subscriptions, microtransactions royalties and other downloadable content contributed 78% to this amount.Activision Blizzard's net income was $395 million, which is down 36.1 percent year-on-year.The company cited lower results in Call of Duty, product cycle timing at Blizzard as well as an "increase in professional and legal fees caused by the expenses associated with our proposed transaction together with Microsoft," among reasons leading to the decline.
The first quarter of the year saw Call of Duty net bookings decreased over the previous year, which was due to the decline in Vanguard sales and a lower level of engagement in Warzone.Blizzard's revenue also fell over the course of the year, reflecting "product cycles" in that Warcraft franchise.Diablo Immortal, which will come out on June 2 already has accumulated over 30 million pre-registrations , both on iOS and Android
Kings was the only Division to show an increase in revenue during the first quarter. Its net bookings rose by 8% year-over-year, and its player number also grew by a double-digit percentage.Hearthstone game director leaves his team to Cheap D2R Items work on new unannounced project at BlizzardDiablo 2: Resurrected Update Brings Back a Classic FeatureDiablo II: Resurrected got a new update this week that brought back a classic feature found in the original Diablo II game.