Tuesday, April 26, 2022

Activision Sees Drop In Revenues

Santa Monica-based Activision reported a 22 percent year-over-year decline in revenues, with net income down 36 percent. According to reports, the "precipitous drops" at its Activision and Blizzard divisions also came with declining engagement of the company's Call of Duty users. The company attributed some of the declines to "product timing for the Warcraft franchise", however, it's possible a changing market as the pandemic has ebbed has impacted the amount of time spent on online gaming.