Activision Blizzard has announced their Q2 2023 financial results and here are the highlights.
- Blizzard segment revenue grew over 160% year-over-year and operating income has more than tripled year-over-year, each setting new quarterly records, driven by the launch of Diablo 4.
- As of the end of the second quarter, Diablo 4 had sold-through more units than any other Blizzard title at an equivalent of stage release. Over 10 million players experienced Diablo 4 in June, playing over 700 million hours, and retention trends for the title are particularly strong.
- The Diablo 4 launch marks the start of a live service plan designed to deeply engage the Diablo community and create opportunities for continued player investment. July 20 sees the release of Diablo 4’s first quarterly season, bringing new themes, content, and fresh gameplay to the community. Blizzard’s teams are also making strong progress on expansions that will deliver major new features and continue the game’s acclaimed narrative for many years to come.
- The World of Warcraft team is delivering more content faster than ever before following the November release of the Dragonflight expansion for the Modern game, and subscriber retention in the West remains higher than at the equivalent stage of recent Modern expansions.
You can also download the Q2 2023 earnings call slide presentation here.