Activision Blizzard experienced a decline in revenue and operating profit during its second quarter of 2022. It made $1.64 billion in revenue instead of $2.3 billion in 2021. Much depends on Warzone 2.0 and Call of Duty: Modern Warfare 2, which both will be released in the company’s next financial quarter.
Activision headquarters is likely to be able to cope with the Call of Duty games that are coming up. Activision’s report states that Modern Warfare 2 in 2022 will be a big hit for the company. Its predecessor, 2019, was “the most successful Call of Duty title ever,” and it is likely to make the bank. According to Ampere data (via CNBC), the earnings decline is in line with the industry’s 26% drop.
Since then, the industry has contracted for many reasons. There are fears of recession, and Sony and Microsoft still struggle to meet consumer demand for their new consoles. The end of lockdowns has decreased homebody-friendly entertainment. Call of Duty: Vanguard was closer to home. Activision Blizzard’s 2021 annual reports stated that Call of Duty: Vanguard “didn’t deliver as many innovations in the premium gaming experience as we would like.”
Activision Blizzard games had 361 million active users during the second quarter. The company claims that “over half” the Diablo Immortal player base is new to Activision Blizzard. This makes sense, despite its egregious microtransactions. It’s estimated that the game has made more than $100 million with 30 million players.
It is not surprising that the report is so unsurprising. It is worth noting that Warzone 2.0 will be “tightly integrated” with Call of Duty Modern Warfare 2. This could mean the games will share themes and cross-progression like Warzone and Call of Duty Vanguard. Diablo 4 will still be launched in 2023. WoW, Classic and World of Warcraft Classic will also see expansions before the year ends.