Even with numerous controversies throughout the year, which lead to high-level departures and CEO Bobby Kotick cutting his salary, Activision-Blizzard still thrived in Q3 2021. In its latest financial report for July 1st to September 30th, it earned $1.2 billion in revenue solely from microtransactions across all titles. This is before the release of Call of Duty: Vanguard, which causes a significant spike in business for the publisher.
Seasonal content for Call of Duty: Warzone and Call of Duty: Black Ops Cold War are likely to thank along with Call of Duty: Mobile which crossed 500 million downloads in May. Net revenue for the quarter totaled $2.07 billion, which is higher than the $1.97 billion projected previously. It’s not all good news though as monthly active users is stagnant at 26 million compared to the previous quarter.
This isn’t including news like Overwatch 2 and Diablo 4 being delayed into fiscal year 2023 or Blizzard co-leader Jen Oneal leaving the company after only three months at the helm. Time will tell if things can improve so stay tuned in the coming months.
from Video Game News, Reviews, Walkthroughs And Guides | GamingBolt https://gamingbolt.com/activision-blizzard-earned-1-2-billion-revenue-from-microtransactions-in-q3-2021
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