Activision Blizzard's game characters.
Activision Blizzard's game characters.
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Activision Blizzard earnings fall short of expectations

  • Posted byby Dean Takahashi
  • Updated
  • 5 min

Activision Blizzard‘s net bookings of $2.49 billion in the fourth quarter ended December 31 fell short of expectations on Wall Street, with the net bookings down 18% compared to $3.05 billion a year ago.

That means that Call of Duty: Vanguard did not, as analysts suspected, perform as well as last year’s Call of Duty: Black Ops — Cold War. The company noted it had “lower than expected performance” in its Activision division, which produces Call of Duty. It was offset by record performance at King, as mobile net bookings grew 18% from a year ago and represented 33% of net bookings in the quarter.

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Written by

Dean Takahashi

Dean Takahashi is editorial director for GamesBeat. He has been a tech journalist since 1988, and he has covered games as a beat since 1996. He was lead writer for GamesBeat at VentureBeat from 2008 to April 2025. Prior to that, he wrote for the San Jose Mercury News, the Red Herring, the Wall Street Journal, the Los Angeles Times, and the Dallas Times-Herald. He is the author of two books, "Opening the Xbox" and "The Xbox 360 Uncloaked." He organizes the annual GamesBeat Next, GamesBeat Summit and GamesBeat Insider Series: Hollywood and Games conferences and is a frequent speaker at gaming and tech events. He lives in the San Francisco Bay Area.