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Activision Blizzard Releases Quarterly Report, Hearthstone Up, WoW Down

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Activision Blizzard released their third quarter revenue statements this week, and the news is all around great for the developer. Chief among the announcement is the news that the publisher is set to acquire Candy Crush developer King for $5.9 billion in equity value. Net revenues for the quarter amounted to $990 million up from $753 million for the same quarter last year.

Call of Duty has increased sales by double digits, fueled both by game sales and supply packs, while Destiny broke sales records on Playstation with player engagement now three hours a day. Skylanders has also increased sales, despite heavier competition with more products on the market, while World of Warcraft fell to 5.5 million subscribers.

Bobby Kotick’s statement:

“We continue to benefit from our focus on creating the world’s best interactive entertainment. Our incredibly talented employees around the world once again delivered great content and strong financial results. Mobile gaming is the largest and fastest-growing opportunity for interactive entertainment and we will have one of the world’s most successful mobile game companies and its talented teams providing great content to new customers, in new geographies throughout the world. King has a truly fantastic management team and over 1,600 incredibly talented employees and we are excited to welcome them into the Activision Blizzard family.”

(Source: Activision Blizzard)

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