Activision Blizzard statistics: Last public revenue, franchises & Microsoft ownership

Microsoft closed its $68.7B Activision Blizzard acquisition on October 13, 2023. The last full-year GAAP revenue Activision reported as a public company was $7.53B.

By LEVVVEL TeamUpdated
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Blizzard Entertainment
Blizzard Entertainment

Activision Blizzard was one of the largest standalone game publishers in the world until Microsoft completed its $68.7 billion all-cash acquisition on October 13, 2023. The company no longer files public earnings as ATVI; figures below are the last numbers Activision Blizzard reported before delisting. Today the business operates under Microsoft Gaming alongside Xbox, Bethesda, and Mojang. For industry context, see video game industry statistics.

Activision Blizzard key statistics

  • October 13, 2023 — Microsoft completed the acquisition at $95.00 per share.
  • $68.7 billion — announced deal value when Microsoft agreed to buy Activision Blizzard (January 18, 2022).
  • $7.53 billion — last full-year GAAP net revenue reported as a public company, fiscal year ended December 31, 2022.
  • $8.80 billion — GAAP net revenue in 2021 (peak year in the last public decade).
  • $2.21 billion — GAAP net revenue in Q2 2023 (quarter ended June 30, 2023), the last quarterly report before the Microsoft close.
  • 356 million — company-wide monthly active users in Q2 2023 (same release).
  • Three operating segments at close: Activision (Call of Duty), Blizzard (World of Warcraft, Diablo, Overwatch), and King (Candy Crush Saga).

Microsoft ownership and public reporting

  • Activision Blizzard survived the merger as a wholly owned Microsoft subsidiary; ATVI stock was cancelled and converted to cash at $95.00 per share.

Last public revenue (dated)

PeriodGAAP net revenueNotes
FY 2021$8.80BPeak in recent public history
FY 2022$7.53BLast complete fiscal year as a public filer
Q2 2023$2.21BLast standalone quarterly release
H1 2023$4.59BSix months ended June 30, 2023
  • FY2022 GAAP operating margin was 22%; non-GAAP operating margin was 30% (FY2022 release).
  • Q2 2023 benefited from the Diablo IV launch; Blizzard posted its first $1B+ net bookings quarter in that period (Q2 2023 release).

Franchise and segment highlights (pre-acquisition)

Activision — Call of Duty and console heritage

  • Premium Call of Duty series sales passed 400 million copies by April 2021.
  • Call of Duty: Warzone reached 100 million players by the same milestone announcement.

Blizzard Entertainment

  • Blizzard’s best public revenue years included 2016–2018, each above $2B in segment net revenue.
  • World of Warcraft lifetime revenue passed $10 billion by 2016.

King — mobile and casual

  • Activision Blizzard acquired King for $5.9 billion in February 2016.
  • King’s Candy Crush franchise remained a top grossing mobile property through the pre-Microsoft period; King segment net revenue grew 9% YoY in Q2 2023 (Activision Q2 2023 tables).

Historical milestones

  • 2008Activision merged with Vivendi Games; Blizzard Entertainment became part of the group.
  • 2016King acquisition; mobile scale combined with PC/console franchises.
  • January 18, 2022Microsoft announced the $68.7B acquisition.
  • July 19, 2023Final public Q2 2023 earnings; merger extended to October 18, 2023 pending close.
  • October 13, 2023Transaction closed; Activision Blizzard delisted.