Activision 2021 Results: Best Year Ever, Earnings and Record Earnings

2021 was the best year ever for Activision-Blizzard with record net in-game revenue, revenue and bookings.


Activision-Blizzard’s games business is remarkably resilient. Despite the ongoing controversy over sexual harassment lawsuits, the major delay of major games like Overwatch 2 and Diablo IV, the non-release of very many games, and a drop in Call of Duty game sales, Activision has just released its best year.

2021 full of milestones, driven primarily by online live services, digital content, and a massive $950 million carry + distribution stream. Activision-Blizzard hit new highs in 2021 for virtually every trackable revenue metric.

  • $8.804 billion in net revenuesecond consecutive year of record turnover
  • Operating profit of $3.26 billionall-time highest point from live matches
  • net income of $2.7 billion, highest of all time
  • $5.1 billion in net bookingshighest revenue ever from a myriad of live services, subscriptions
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With numbers like these, it’s easy to see why Microsoft is willing to pay $68.7 billion for Activision.

Microsoft wants Activision’s IP addresses and its live services infrastructure — and it wants the teams that not only create them, but operate them.

Despite Vanguard’s apparent sales slippage, Activision’s segment generated $1.157 billion in the fourth quarter and a total of $3.478 billion for the year, which is the second-best quarter ever for the segment. Call of Duty.

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