The holiday season was off for Blizz because they had nothing new to sell, but the new year was brutal, as even the low point of 2021 looks pretty sweet when compared to how 2022 is breaking for the division. That was also off from the $433 posted in Q2 and the $483 million posted in Q1. I am only really interested in the Blizzard corner of the business, so how badly did they tank in Irvine?īlizzard revenue in Q1 2022 was $274 million.įor comparison, Blizz brought in $419 million in Q4 2021, which itself was down noticeably from the $493 million posted in Q3. Candy Crush Saga abides while Call of Duty and World of Warcraft fall. The overall company reported revenue of $1.77 billion, down from $2.28 billion a year ago in Q1 2021 as both the Activision and Blizzard portions of the company slipped hard so far in 2022.
This is the part where I tell you that they aren’t doing very well on that front at the moment. Of course, Activision Blizzard also has to not screw things up between now and when the deal closes because I am sure the contract for the acquisition is miles long and contains many provisions where by Microsoft can pay less or walk away if Bobby Kotick and company degrade the value of the company in any substantial way… or more so than they have already in any case. They don’t have to impress analysts with a cool slide deck or an engaging conference call or throw out a buzzword salad because Microsoft has said they are going to pay $95 a share when the deal closes, which puts a pretty hard ceiling on the share price. But I guess if you aren’t going to do anything fancy you can get things out more quickly.Īnd Activision Blizzard isn’t doing anything fancy because of the Microsoft acquisition. The date was a bit earlier than I expected as well, the pattern generally being that one gets the announcement in the first week of the second month of the quarter. And Elon Musk promptly buried that news by buying Twitter. Activision Blizzard pushed out their Q1 2022 financials at 7:30am Eastern Time yesterday which, while it isn’t the Friday at 4pm routine, still strikes me as an hour suited to attracting less attention or getting bad news out of the way quickly.
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