11-11-2018, 03:11 AM
Activision Blizzard’s revenues falter after Destiny 2 DLC ‘underperformed’
<div style="margin: 5px 5% 10px 5%;"><img src="http://www.sickgaming.net/blog/wp-content/uploads/2018/11/activision-blizzards-revenues-falter-after-destiny-2-dlc-underperformed.jpg" width="646" height="391" title="" alt="" /></div><div><p>Activision Blizzard today <a href="https://investor.activision.com/news-releases/news-release-details/activision-blizzard-announces-third-quarter-2018-financial">released its financials</a> 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. </p>
<p>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 <a href="https://www.gamasutra.com/view/news/317563/Activision_Blizzard_sees_new_Q1_records_though_share_prices_still_falter.php">past</a> <a href="https://www.gamasutra.com/view/news/323577/Activision_Blizzard_exceeds_Q2_revenue_goals_thanks_to_ingame_spending.php">two</a> quarters.</p>
<p>The decline in total revenues can be attributed in part to <em>Destiny 2: Forsaken, </em>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 <em>Destiny 2</em> expansion isn’t performing as well as anticipated. </p>
<p>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.</p>
<p>The growth in Blizzard’s PC game earnings is driven largely by the launch of <em>World of Warcraft: Battle for Azeroth </em>back in August, which sold 3.4 million copies during its first day on shelves — a record for the franchise, the company noted. </p>
<p><img alt="" src="http://www.sickgaming.net/blog/wp-content/uploads/2018/11/activision-blizzards-revenues-falter-after-destiny-2-dlc-underperformed.jpg" /></p>
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<div style="margin: 5px 5% 10px 5%;"><img src="http://www.sickgaming.net/blog/wp-content/uploads/2018/11/activision-blizzards-revenues-falter-after-destiny-2-dlc-underperformed.jpg" width="646" height="391" title="" alt="" /></div><div><p>Activision Blizzard today <a href="https://investor.activision.com/news-releases/news-release-details/activision-blizzard-announces-third-quarter-2018-financial">released its financials</a> 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. </p>
<p>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 <a href="https://www.gamasutra.com/view/news/317563/Activision_Blizzard_sees_new_Q1_records_though_share_prices_still_falter.php">past</a> <a href="https://www.gamasutra.com/view/news/323577/Activision_Blizzard_exceeds_Q2_revenue_goals_thanks_to_ingame_spending.php">two</a> quarters.</p>
<p>The decline in total revenues can be attributed in part to <em>Destiny 2: Forsaken, </em>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 <em>Destiny 2</em> expansion isn’t performing as well as anticipated. </p>
<p>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.</p>
<p>The growth in Blizzard’s PC game earnings is driven largely by the launch of <em>World of Warcraft: Battle for Azeroth </em>back in August, which sold 3.4 million copies during its first day on shelves — a record for the franchise, the company noted. </p>
<p><img alt="" src="http://www.sickgaming.net/blog/wp-content/uploads/2018/11/activision-blizzards-revenues-falter-after-destiny-2-dlc-underperformed.jpg" /></p>
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