Activision Blizzard has released its Q3 earnings report, which shows that the launch of Diablo Immortal in China has helped mitigate the company's overall decline. Key figures include: $1.78 billion in revenue (a 14% year-on-year decrease), $1.83 billion in bookings (a 3% decline), and $435 million in net income (a 32% decrease). Monthly active users stood at 368 million, representing a 6% year-on-year decline but a 2% quarter-on-quarter increase.
The Activision segment experienced a 25% revenue drop to $480 million, largely due to underwhelming performance of Call of Duty: Vanguard. However, the company is optimistic about the future, citing the recent launch of Call of Duty: Modern Warfare 2 and upcoming releases such as Warzone 2 and Call of Duty: Warzone Mobile. Blizzard's revenue increased by 10% to $543 million, driven by the success of Diablo Immortal in China and the release of Diablo 2: Resurrected.
The company's mobile revenue saw a 14% year-on-year increase, reaching $932 million. Blizzard attracted 31 million monthly active users, a 19% increase from the previous year. The King segment reported an 8% increase in net bookings, with revenue rising 6% to $692 million, driven by the enduring popularity of the Candy Crush IP.