Activision Blizzard Q4 2022 Earnings Results
Activision Blizzard announced their Q4 2022 results this afternoon. We now know why there was no article similar to previous expansions about the expansion becoming the fastest selling PC game of all time.

World of Warcraft
  • Early Dragonflight sales have not reached the level of the prior expansion, but community feedback on the title has been positive
  • World of Warcraft delivered significant year-over-year growth in reach, engagement and net bookings in the fourth quarter following the September release of Wrath of the Lich King Classic and the November launch of Dragonflight
  • Post-launch subscriber retention in the West is higher than recent expansions
  • Warcraft: Arclight Rumble continues to progress well through regional testing

Overwatch 2
  • The October launch of Overwatch 2 with a free-to-play model delivered the highest quarterly figures for player numbers and hours played in Overwatch history
  • Player investment is also off to a strong start, with fourth quarter in-game net bookings at the highest level to date for Overwatch

Diablo
  • Diablo Immortal on mobile and PC also contributed to Blizzard’s fourth quarter year-over-year growth. Engagement and player investment trends for the title were stable at the end of the fourth quarter and into the new year
  • Diablo IV, the next installment in the genre-defining series, is planned for release on PC and console on June 6, 2023

Microsoft
  • Microsoft and Activision Blizzard are continuing to engage with regulators and are working toward closing the transaction in Microsoft’s fiscal year ending June 30 2023

Blizzard
  • Blizzard reported its highest quarterly net bookings to date, driven by strong growth for Warcraft and the reinvigoration of Overwatch and Diablo
  • The first quarter will see significant development and marketing investment in live operations and future releases, including the June launch of Diablo IV
  • Blizzard segment revenue and operating income grew approximately 90% year-over-year in the fourth quarter, as our teams executed against a substantial pipeline to deliver well-received content across key intellectual properties.
  • Warcraft, Overwatch and Diablo grew strongly year-over-year and each delivered over $100M in net bookings
  • Blizzard had 45 million Monthly Active Users, up from 31 million last quarter
  • Game development teams grew over 25% year-over-year in 2022
  • Activision Blizzard increased representation for those who identify as women or non-binary to 26% globally, as of the end of November, versus 24% a year earlier
  • Representation for underrepresented ethnic groups increased to 38% from 36% in the US over the same period
  • Blizzard remains focused on finding alternative ways to serve the community in China
This article was originally published in forum thread: Activision Blizzard Q4 2022 Earnings Results started by chaud View original post
Comments 227 Comments
  1. Relapses's Avatar
    Quote Originally Posted by sto View Post
    The metric for success for this game and how I am evaluating it is based off of how it could have performed, not how it is performing relative to other games. If Michael Jordan in his prime only made half his shots in a game, he would still be performing poorly, for Michael Jordan. You can draw that conclusion. How this is lost on you says more about you than me.
    Even in the analogy you're using here, the underlying criticism of what you said originally rings true. We're not comparing Michael Jordan in his prime to Michael Jordan hitting half his shots. We're comparing Michael Jordan in his prime to a version of Michael Jordan that is anywhere from 1 to 99% of Michael Jordan in his prime. We really don't have an easy way to know exactly how well our hypothetical Jordan is performing and it's somewhat telling that you immediately assume half is where we're at right now.
  1. VMSmith's Avatar
    Quote Originally Posted by Relapses View Post
    We really don't have an easy way to know exactly how well our hypothetical Jordan is performing and it's somewhat telling that you immediately assume half is where we're at right now.
    I think I just figured it out - you're the guy that thinks polls are meaningless because they don't ask every single voter their questions. You seem to believe that if the data isn't all-encompassingly accurate and direct from the source then it must be utterly useless.
  1. Stickiler's Avatar
    Quote Originally Posted by sto View Post
    I’ll bite.

    Given your comments, I had to guess, you are an ultra low achiever. This is why you made a vacuous off-topic comment aimed at no-one in particular but yourself about having no worthwhile goals in life. You feel like you derive a sense of self worth because you get responses from people who are better than you IRL and it feeds into the delusion that you are more than just a troll with little to contribute. You can glean your susceptibility to propaganda as you drone on about the “West”. While I bring up a cherished past-time of mine and is why I am here to discuss the game, I suppose you are here for similar reasons, which is why you talk about being a flat-earther.

    The metric for success for this game and how I am evaluating it is based off of how it could have performed, not how it is performing relative to other games. If Michael Jordan in his prime only made half his shots in a game, he would still be performing poorly, for Michael Jordan. You can draw that conclusion. How this is lost on you says more about you than me.

    If you want to have another go “knoicck” yourself out.
    Quote Originally Posted by Relapses View Post
    Even in the analogy you're using here, the underlying criticism of what you said originally rings true. We're not comparing Michael Jordan in his prime to Michael Jordan hitting half his shots. We're comparing Michael Jordan in his prime to a version of Michael Jordan that is anywhere from 1 to 99% of Michael Jordan in his prime. We really don't have an easy way to know exactly how well our hypothetical Jordan is performing and it's somewhat telling that you immediately assume half is where we're at right now.
    So if Michael Jordan hitting shots is equal to subscribers, where does revenue come in? Because they're making more net bookings than ever before, so maybe we don't know how many shots Michael Jordan is landing, but he's winning more games than he ever has before in his life? I don't know how this analogy works anymore.
  1. Relapses's Avatar
    Quote Originally Posted by VMSmith View Post
    I think I just figured it out - you're the guy that thinks polls are meaningless because they don't ask every single voter their questions. You seem to believe that if the data isn't all-encompassingly accurate and direct from the source then it must be utterly useless.
    I don't know how you arrived at that conclusion based off what you quoted. My issue is that a few people in this thread appear to be arguing in bad faith by coloring the broad strokes, intentionally vague language of this QR with their own negative spin. Full stop: I recognize it's not good news. I'm not debating that. I just don't think it's the worst ever news nor do I think it's indicative of a great recession (in terms of player count) for WoW. As I've said a few times before, my view is one of glass half-full. I'm not trying to deny reality. The only reason my views stand out is because they're layered in between a mountain of overwhelmingly pessimistic takes.

    - - - Updated - - -

    Quote Originally Posted by Stickiler View Post
    So if Michael Jordan hitting shots is equal to subscribers, where does revenue come in? Because they're making more net bookings than ever before, so maybe we don't know how many shots Michael Jordan is landing, but he's winning more games than he ever has before in his life? I don't know how this analogy works anymore.
    It really doesn't work. I was just illustrating how the flaw of the analogy still applies to the counter-argument @Nereidaa had made.
  1. VMSmith's Avatar
    Quote Originally Posted by Relapses View Post
    I don't know how you arrived at that conclusion based off what you quoted. My issue is that a few people in this thread appear to be arguing in bad faith by coloring the broad strokes, intentionally vague language of this QR with their own negative spin. Full stop: I recognize it's not good news. I'm not debating that. I just don't think it's the worst ever news nor do I think it's indicative of a great recession (in terms of player count) for WoW. As I've said a few times before, my view is one of glass half-full. I'm not trying to deny reality.
    That's fair enough and I'm happy to apologize for misconstruing your position. In my defense, your posts across MMOC do not do a good job at hinting that you hold this position.

    FWIW, I fully agree with this assessment and acknowledge that there are a good handful of drive-by shitposters that claim the doom of WoW, along with a few regulars that do so, as well.

    I think, and it's just my rambling thoughts, that perhaps you are so weary of the actual doomsaying that you now conflate positions similar to this with those doomsayers. I've been posting favorably towards Dragonflight and yet you accused me of a "negativity circlejerk" for recognizing that damage has been done.

    Personally, right now I feel that if casual/solo players were willing to give Blizzard the opportunity they would find that Dragonflight is fun for the non-organized player. Still, I understand why they might not grant that opportunity, I barely decided to do so, myself
  1. Le Conceptuel's Avatar
    Quote Originally Posted by Nzx View Post
    The internet is a funny place. You're all communists when it suits you, complaining that the capitalistic concept of 'infinite growth' is impossible and no one should be beholden to it and we should all burn it down rah rah rah.
    People have a very silly "grass is greener" mindset re: Marxism (and don't really bother to abide by it in a very orthodox way) and conflate capitalism in itself with corporate corruption and the system's worst elements. It is a funny recurring detail that people will invariably blame capitalism, which is understandable but possibly quixotic, or outright blame the market/price system itself, which is outright insane, when our particular, unrestricted variant thereof features things which are understandably very objectionable (i.e. insufficient welfare, corner-cutting, monopolies)
  1. Relapses's Avatar
    Quote Originally Posted by VMSmith View Post
    I think, and it's just my rambling thoughts, that perhaps you are so weary of the actual doomsaying that you now conflate positions similar to this with those doomsayers. I've been posting favorably towards Dragonflight and yet you accused me of a "negativity circlejerk" for recognizing that damage has been done.
    I responded that way because you defended @Osmeric's takes which are very much in favor of keeping the negativity status quo flowing. For the last year+, the guy's been dancing in the streets every time anything even remotely negative about WoW is mentioned in a news article because he really wants to be proven right that WoW is just too danged hard to sustain itself.

Site Navigation