Recently, Activision Blizzard announced the first quarter of 2022 financial report, the data shows that Activision Blizzard in the first quarter of 2022, the total net revenue of only $1.786 billion, compared with the first quarter of last year's $2.275 billion, down $489 million, a decline of nearly 22%. The decrease in net revenue naturally reduces profits a lot, and the financial report shows that Activision Blizzard's net profit in the first quarter of this year was only $395 million, $224 million less than $619 million in the same period last year.
In terms of the sharp decline in revenue and net profit, Activision Blizzard said that there are two main reasons, one is that the market decline of the "Call of Duty" series of works has gradually emerged, the number of monthly active users in the first quarter is only 100 million, although the number is still quite large, but compared with the same period last year, it has dropped by 33%; the second is that the "Warcraft" series of games has once again entered a trough period, and the loss of players is relatively serious, and the monthly active users in the first quarter are only 22 million, down 19% from the same period last year.
As is customary, the financial report will inevitably mention the relevant information of the new work. This time, because Activision Blizzard's Q1 financial report is indeed relatively ugly, the news of the new work has become more detailed. It is mentioned in the earnings report that the "Diablo: Immortal" that has been scheduled for June will meet with the majority of players as scheduled; the "World of Warcraft" mobile game, which has attracted the attention of players, although it cannot be released in the short term, will have more new news in the next few weeks.
It is worth mentioning that although Activision Blizzard mentioned the new work related to "Call of Duty: Modern Warfare" in this earnings report, the information content is not much, but it is said that the new work will be launched later this year. However, according to past practice, the new work should not be too late.