blizzard Activision Blizzard Announces First Quarter 2023 Financial Results

[Staff 1,488]

Activision Blizzard announced their financial results for Q1 2023 and we have the highlights.

Highlights

• For the quarter ended March 31, 2023, Activision Blizzard's net bookings were $1.86 billion (up from $1.48 billion for Q1 2022). In-game net bookings were $1.29 billion (up from $1.01 billion for Q1 2022).
• Activision Blizzard generated $577 million in operating cash flow for the quarter (down from $642 for Q1 2022).
• Microsoft plans to acquire Activision Blizzard for $95 per share in an all-cash transaction, which has been approved by the board of directors of both Activision Blizzard and Microsoft and by Activision Blizzard's stockholders.
• Blizzard segment revenue increases 62% year-over-year in Q1, with each of Warcraft, Overwatch, and Diablo contributing to growth. Segment operating income was broadly stable year-over-year, reflecting development and marketing costs, including launch investments ahead of the Q2 Diablo 4 release.
• Following the November release of Dragonflight, the WoW team is delivering more content faster than ever before, and subscriber retention in the West is higher than at the equivalent stage of recent Modern expansions. 
• Diablo Immortal contributed to Blizzard's Q12 net bookings growth with the game experiencing stable trends across engagement, retention, and player investments.
• Warcraft: Arclight Rumble continues to progress well through regional testing.
• Diablo 4 will launch on PC and console on June 6. Public testing of the game in March saw very high engagement and positive feedback, and strong pre-sales. This ambitious title will serve as the launch for a compelling live service, with regular seasons and story-driven expansions planned to drive engagements for many years to come.
• Blizzard monthly active users dropped by 40% (from 45 million in Q4 2022 to 27 million in Q1 2023).

Source: Investor Activision

[MeMy10 26]

Will be interesting to see if the merger now happens, after the UK has decided to block it.

[Migol 433]

Quote

Diablo 4 will launch on PC and console on June 6. Public testing of the game in March saw very high engagement and positive feedback, and strong pre-sales. This ambitious title will serve as the launch for a compelling live service, with regular seasons and story-driven expansions planned to drive engagements for many years to come.

Full stop.   Does this just mean a launch of a game with live servers and whatnot, or is there a paid service attached to D4 that I'm not aware of?

[Balor 13]

there is paid services one of the devs slipped on a streamers video, will be xp boosts etc.

[Trest 61]

“Profits are up! So, we better screw over the workers and sabotage the future improvements of our games!”

[Arcling 898]

3 hours ago, Migol said:

Full stop.   Does this just mean a launch of a game with live servers and whatnot, or is there a paid service attached to D4 that I'm not aware of?

Live service means that game will keep being updated post launch. It will be on a seasonal basis with battle passes and store with rotating stuff (skins/transmogs etc.).

Edited April 27, 2023 by Arcling

[Emris87 10]

7 hours ago, MeMy10 said:

Will be interesting to see if the merger now happens, after the UK has decided to block it.

The UK block was stopped. They passed it.

EDIT: App some new jckoff is trying to block it.

Edited April 27, 2023 by Emris87

[shanghaied 55]

On 4/26/2023 at 11:13 PM, Staff said:

 

• Blizzard monthly active users dropped by 40% (from 45 million in Q4 2022 to 27 million in Q1 2023).

Source: Investor Activision

That feels like a pretty big deal that is getting a single line dropped in at the end to glaze over it.

[MeMy10 26]

On 4/28/2023 at 3:36 AM, Emris87 said:

The UK block was stopped. They passed it.

EDIT: App some new jckoff is trying to block it.

Ahh never knew that, but wonder who this new lot is trying to block it.