Home / Uncategorized / Activision Blizzard sees growth of 6% in the third quarter of 2021 | Pocket Gamer.biz

Activision Blizzard sees growth of 6% in the third quarter of 2021 | Pocket Gamer.biz

Activision Blizzard has released its financial results for the third quarter of 2021 for the period ended September 30th.

The company reported revenue of $ 2.07 billion, up 6 percent year over year, with net bookings increasing 6 percent to $ 1.88 billion.

Activision itself reported net sales of $ 641 million, down 17 percent from the previous year. This is despite the fact that net bookings for Call of Duty Mobile are up 40 percent year over year.

The loss on the company’s Activision business was offset by increased revenue from its Blizzard and King businesses.

Blizzard’s net sales reached $ 478 million, an increase of nearly 22 percent year over year. The company attributes this increase in part to the success of the Diablo 2: Resurrected release.

Blizzard’s upcoming mobile release, Diablo Immortal, is currently being tested and is expected to be released in the first half of next year. Diablo Immortal’s closed beta recently launched in Canada and Australia.

Activision Blizzard subsidiary King recorded the greatest sales growth with sales growth of 22 percent to 652 million US dollars, a new quarterly record.

King’s flagship game, Candy Crush, grew 20 percent year over year.

Continous growing

“I am pleased to announce strong third quarter results ahead of our previous outlook,” said Bobby Kotick, CEO of Activision Blizzard.

“We are very excited about the Call of Duty launch this week and expect continued success in the fourth quarter. I would like to thank our employees for their continued commitment to one another, the company and our players, workplace initiatives alongside our business performance. “

Regarding the drop in revenue for its Activision arm, the publisher stated, “Segment revenue was lower of duty versus a quarter that of last year due to the launch of Tony Hawks Pro Skater 1 + 2 in the year-ago quarter and year-over-year decreases in Call benefited from the mandates for home protection and the early rise of Warzone. “

Additionally, the company reported that its monthly active users for the quarter were 390 million, the same as last year but the lowest in the four quarters since then. The majority of the MAUs came from King, totaling 245 million in the third quarter.

For the fourth quarter, the company forecasts a decline in net sales to $ 2.02 billion, a decrease of 16 percent year over year, and a decrease in net bookings of 9 percent to $ 2.78 billion.

Despite declines in revenue elsewhere, Activision Blizzard is seeing a boom in wireless revenue this year, with King and Call of Duty posting record sales. Call of Duty Mobile is expected to generate $ 1 billion in consumer spend in 2021 alone.

.

About megamaster

Check Also

Dauntless is coming to PS5 and Xbox Series X | S on December 2nd

The free monster hunting title from Phoenix Labs Fearless will finally be released natively on …

Leave a Reply

Your email address will not be published. Required fields are marked *