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Activision Blizzard Q1 financial report: user revenue fell twice, and King became the only bright spot

April 26 news, Activision Blizzard Beijing time announced the 2022 Q1 financial report, the report shows that revenue fell by 22% year-on-year to $1.77 billion, the number of monthly active users decreased by 63 million. Among them, Activision revenue fell 49% to $453 million, and the monthly user monthly active income was 100 million, down 33% year-on-year; Blizzard's revenue fell 49% to $274 million, and the monthly user monthly active income fell 19% to 22 million.

The company's only bright spot in the quarter was the King.com of mobile developers, with revenue up 12% year-on-year to $682 million, and the "Candy Legends" series topped the U.S. app store revenue chart for 19 consecutive quarters.

Activision Blizzard Q1 financial report: user revenue fell twice, and King became the only bright spot

Activision Blizzard announced that due to the poor performance of the new call of duty: Vanguard and the decline in the number of users of F2P Call of Duty: Warzone, the number of bookings for the "Call of Duty" series on consoles and PCs has declined, and the number of users has decreased by 50 million year-on-year, which is the largest decline in the number of players since the release of "Warzone" in 2020.

Activision Blizzard Q1 financial report: user revenue fell twice, and King became the only bright spot

But the company said the number of users of the mobile game Call of Duty has barely changed compared to the first quarter of 2021. Activision's monthly active users for the quarter were 100 million, down 33% year-over-year, the lowest total number of users since the launch of Call of Duty Mobile Games in 2019, the first major F2P game product in the series.

Activision Blizzard Q1 financial report: user revenue fell twice, and King became the only bright spot

Activision Blizzard said that at present, IW Studios is developing the reboot version of "Modern Warfare 2" and "Warzone 2", both starting from scratch, bringing breakthrough innovations, hoping to save the hearts of players.

Activision Blizzard Q1 financial report: user revenue fell twice, and King became the only bright spot

Blizzard's situation is not much better: because World of Warcraft has been launched for 18 years, and the mobile terminal product has not been launched, Diablo: Immortal will not be released until Q2 (June 2), and Overwatch: Homecoming will not start testing until Q2, so Blizzard's monthly active player number is only 22 million, recording a new low after Q2 2016.

Activision Blizzard Q1 financial report: user revenue fell twice, and King became the only bright spot

In addition, because Roblox's stock price has been rising since its listing, Activision Blizzard has also lost the crown of the number one game company in North America. However, the company has committed itself to Microsoft at present, only waiting for regulatory approval, so even if its negative and performance is low, it will not be bad anymore.

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