Activision Blizzard Sees Record Net Bookings As Costs Weigh Down Balance Sheet

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Activision Blizzard Sees Record Net Bookings As Costs Weigh Down Balance Sheet
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The video game company agreed to pay the SEC $35 million and also saw expenses related to the winding down of a partnership in China.

Net bookings came in at $3.57 billion, up from $2.49 billion in the fourth quarter of 2021. Monthly active users rose to 389 million, up from 368 million in the prior quarter.

“We ended 2022 with record quarterly net bookings as we delivered on our mission to bring epic joy to players. I’m grateful to our talented and hardworking teams for their many successes entertaining our hundreds of millions of players around the world. We look forward to a historic year, as we work toward merging with Microsoft.

Microsoft’s acquisition of Activision Blizzard is scheduled to be completed by the end of its fiscal year, ended June 30, 2023, and Activision Blizzard said the “two parties are continuing to engage with regulators reviewing the transaction.” Regulators have not yet approved the merger.

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