Activision Blizzard’s Q4 and 2022 financial results show strong growth from mobile titles amid a challenging backdrop

The year ended with a big growth and a Quarterly record

Activision Blizzard has announced their Q4 and financial reports for the year 2022 which has shown the strong growth that the company has seen over the year. The details were until the end of the year, that is December 31 2022. The company has reported good growth in Q4 over the last year’s Q4 revenue, with the fourth quarter net bookings growing 43% year-over-year to a quarterly record.

GAAP Net Revenues for Q4 2022 betters Q4 2021

As per reports published on February 6th, the reports were presented. Activision Blizzard’s net revenues presented in accordance with GAAP were $7.53 billion, as compared with $8.80 billion for 2021 for the full year with a GAAP operating margin of 22%. This was a dip compared to the previous year but still seen as a positive.

In terms of Q4 performance, Activision Blizzard’s net revenues presented in accordance with GAAP were $2.33 billion, as compared with $2.16 billion for the fourth quarter of 2021 with a 16% operating margin. Also mentioned are the active users for the quarter that ended December 31, 2022, which had 389 million Activision Blizzard Monthly Active Users (MAUs).

As per business is concerned, Activision Blizzard produced record segment financial results. A 43% increase in net bookings year over year in the fourth quarter was recorded, and on an annual basis, net bookings increased 49% in constant currency.

Call of Duty Mobile drives Activision’s revenue

Popular action title Call of Duty: Mobile has been heading Activision’s revenue charts. Activision segment revenue and operating income grew approximately 60% year-over-year in Q4 driven by the game’s performance across all platforms. Because of improvements to the player experience and well-liked seasonal content, net bookings of Call of Duty: Mobile increased by double digits year over year to a new quarterly high.

Call of Duty Mobile game cover, COD Mobile Game cover, Call of Duty Mobile: Champs'22 teaser, COD Mobile Messi Neymar
Image via Activision

In the case of Blizzard, its segment revenue and operating income grew approximately 90% year-over-year in the fourth quarter. King’s Candy Crush franchise spearheaded the net bookings, which increased 9% year-over-year. Candy Crush was the top-grossing game franchise in the U.S. App Stores for the 22nd quarter in a row.

Talking about the performance, Bobby Kotick, CEO of Activision Blizzard, shared, “We ended 2022 with record quarterly net bookings as we delivered on our mission to bring epic joy to players. I’m grateful to our talented and hardworking teams for their many successes in entertaining our hundreds of millions of players around the world.”

Bobby Kotick Activision
Image via Activision Blizzard

He also added, “We look forward to a historic year, as we work toward merging with Microsoft. This merger will enable us to better serve our players, create greater opportunities for our employees, and allow us to succeed in an increasingly competitive global gaming industry.”

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