informa
/
News

Activision Blizzard's revenues falter after Destiny 2 DLC 'underperformed'

The company's third quarter results were better-than-expected despite a decrease in total revenue and player engagement, as well as unexpectedly weak sales of Destiny 2: Forsaken.

Activision Blizzard today released its financials for its third quarter ended September 30, stating that its results were better than predicted despite showing a decrease in total revenue and overall player engagement. 

The company's total revenues decreased roughly 7 percent to $1.51 billion, while net income was up 38 percent year-over-year to $260 million. It's a bit of a slowdown for the company, which has reported robust earnings for the past two quarters.

The decline in total revenues can be attributed in part to Destiny 2: Forsaken, which debuted in early September. The company's revenues from console games and services dropped 34 percent year-over-year to $347 million, with the company adding that the recently-released Destiny 2 expansion isn't performing as well as anticipated. 

Activision Blizzard's mobile revenue was also down 11 percent to $523 million, but balanced out partially by a 21 percent boost in PC revenues to $482 million.

The growth in Blizzard's PC game earnings is driven largely by the launch of World of Warcraft: Battle for Azeroth back in August, which sold 3.4 million copies during its first day on shelves -- a record for the franchise, the company noted. 

Latest Jobs

Sucker Punch Productions

Bellevue, Washington
08.27.21
Combat Designer

Xbox Graphics

Redmond, Washington
08.27.21
Senior Software Engineer: GPU Compilers

Insomniac Games

Burbank, California
08.27.21
Systems Designer

Deep Silver Volition

Champaign, Illinois
08.27.21
Senior Environment Artist
More Jobs   

CONNECT WITH US

Register for a
Subscribe to
Follow us

Game Developer Account

Game Developer Newsletter

@gamedevdotcom

Register for a

Game Developer Account

Gain full access to resources (events, white paper, webinars, reports, etc)
Single sign-on to all Informa products

Register
Subscribe to

Game Developer Newsletter

Get daily Game Developer top stories every morning straight into your inbox

Subscribe
Follow us

@gamedevdotcom

Follow us @gamedevdotcom to stay up-to-date with the latest news & insider information about events & more