World of Warcraft subscriptions slip to 9.1 million
Activision Blizzard reports stronger-than-expected quarter thanks to 10 million Diablo III sales; WoW subs dip, profit down 44.7 percent year-to-year.
Ten million sales of Diablo III pushed Activision Blizzard into a stronger financial situation than it had hoped, even as World of Warcraft subscriber numbers continued to dwindle. The company's financial results for the period ended June 30 published today showed a positive financial situation for the publisher, expected to improve moreso by the year's end with the release of Call of Duty: Black Ops II and Skylanders Giants.
Diablo III's PC-record-breaking sales, which Blizzard reported sold more than 3.5 million copies through digital and retail means within its first 24 hours, propelled Activision to $1.075 billion in revenue, surpassing its $950 million projection from the first quarter by more than $50 million. However, subscriptions to Blizzard's long-successful MMORPG World of Warcraft slipped to 9.1 million from the 10.2 million reported in February, a much more precipitous drop than from the 10.3 million figure published in September 2011. The company hopes to see improvement with the September release of expansion World of Warcraft: Mists of Pandaria.
Despite Diablo III's success, the second quarter of 2012 paled in comparison to that of 2011. Activision Blizzard brought in $185 million in net income for the second quarter this year, a 44.78 percent reduction from the $335 million brought in during the same period last year. Activision Blizzard's parent company Vivendi reportedly continues to seek to sell its stake in the company.
The products discussed here were independently chosen by our editors. GameSpot may get a share of the revenue if you buy anything featured on our site.