Mobile games are worth more money than PC and consoles combined

Mobile games are worth more money than PC and consoles combined ...

Activision Blizzard King is a brand that has made Candy Crush, Farm Heroes, Bubble Witch, and other titles. It's also a money printer. Last quarter, King made $685 million for Activision Blizzard, compared to $600 and $296 million respectively.

Activision made the most money in the console market, with $360 million. A large part of the revenue would have gone to the evergreen Call of Duty Mobile. It appears to be doing better than CoD Vanguard in 2021.

Blizzard released the unpopular but profitable Diablo Immortal at the start of June, which has raised over $100 million. It managed to raise another $229 million from PC games like World of Warcraft and Overwatch, but it only made a modest $19 million on consoles.

If you add up all of the above figures, you get the mobile revenue that made up a small portion of Activision Blizzard's revenue last quarter --50.5%, or $831 million. Year-over-year console and PC revenue almost halved, falling to $376 (23%) and $332 million (20%), respectively. Other revenues, primarily live events and esports broadcasts, comprised about six percent of the company's ($100 million).

The publisher is obviously focusing on mobile games, but console and PC games will make a comeback in the company's bottom line later this year: Overwatch 2, CoD Modern Warfare 2, and the Dragonflight expansion for World of Warcraft.

Activision Blizzard's games for traditional gaming mediums need not be concerned about their immediate future, mainly as Microsoft's acquisition of the company continues. However, as the company continues to focus its efforts on the mobile sector, the possibility of developing new and innovative PC and console franchises slowly fades away.

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